A proposed Alberta-to-Wyoming crude pipeline by South Bow and Bridger Pipeline is close to minimum shipper commitments, Reuters reports citing sources

The progress on the Alberta-to-Wyoming crude pipeline indicates increasing commitment from oil companies, which suggests a solid demand outlook for transport capacity in North America.

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A proposed Alberta-to-Wyoming crude pipeline by South Bow and Bridger Pipeline is close to minimum shipper commitments, Reuters reports citing sources

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  • Oil companies have committed at least 400K BPD, about 72% of initial capacity, with a target near 450K BPD
  • The project could eventually move up to 1.13mln BPD
Context

With commitments nearing 72% of the initial capacity, this could affect supply dynamics and investor sentiment in the oil markets, potentially impacting WTI and Brent prices as traders assess the project's progression.

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