The capacity constraints affecting cross-border pipelines and outages at major US refineries have caused a backup in Canadian oil inventories, temporarily depressing Canadian oil prices. But as these pipeline restrictions ease and US refineries come back on stream, we expect domestic oil price spreads to narrow again fairly soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services