Valero, Chevron Buy Oil Off Trans Mountain in West Coast First

Bloomberg04-20

(Bloomberg) -- Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada’s newly expanded Trans Mountain Pipeline system for their California refineries, according to people familiar...

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AuditorsAre On to Them. Israel Reported to Have Launched Retaliatory Strike on Iran. The cargoes of Cold Lake crude, a heavy grade produced in the oil sands, will be loaded on Aframax tankers in June out of the Westridge Terminal near Vancouver, according to the people, who asked not to be identified because the information is private. Chevron and Valero didn’t immediately respond to emails seeking comment.The main producers of Cold Lake crude include Imperial Oil Ltd. a unit of Exxon Mobil Corp., as well as Cenovus Energy Inc. and Canadian Natural Resources Ltd., according to Crude Oil Monitor.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002232.USD":"Allianz Global High Payout USD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","VLO":"瓦莱罗能源","SG9999002224.SGD":"Allianz Global High Payout SGD","SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4588":"碎股","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU0122376428.USD":"贝莱德世界能源基金A2","BK4581":"高盛持仓","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","BK4201":"综合性石油与天然气企业","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","XOM":"埃克森美孚","BK4534":"瑞士信贷持仓","CVX":"雪佛龙","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC"},"translate_title":"瓦莱罗，雪佛龙首先在西海岸Trans Mountain购买石油","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VLO":1,"CVX":1,"XOM":0.62},"content_text":"(Bloomberg) -- Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada’s newly expanded Trans Mountain Pipeline system for their California refineries, according to people familiar with the shipments, a sign that US West Coast may become a significant market for oil-sands crude.\nMost Read from Bloomberg\n\nElon Wants His Money Back\nNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them\nDubai Grinds to Standstill as Flooding Hits City\nIsrael Reported to Have Launched Retaliatory Strike on Iran\nRecord Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding\n\nThe cargoes of Cold Lake crude, a heavy grade produced in the oil sands, will be loaded on Aframax tankers in June out of the Westridge Terminal near Vancouver, according to the people, who asked not to be identified because the information is private. Chevron and Valero didn’t immediately respond to emails seeking comment. \nThe shipments — the first sales off the expanded pipeline to Western US refiners — follow sales to China’s Sinopec Group and Sinochem Group for delivery to Asia. \nThe Trans Mountain expansion, which will almost triple the capacity of the only oil pipeline system running from Alberta to Canada’s Pacific Coast, is scheduled to enter commercial operation on May 1 after years of construction delays and price overruns. \nWhile the new pipeline was built to help break Canada’s near-total dependence on sales to US refiners by providing an outlet to Asia, some analysts argue that US West Coast refineries may become the preferred market. That’s because they’re closer and Trans Mountain can only load relatively small Aframax tankers that are able to access Vancouver. \nThe main producers of Cold Lake crude include Imperial Oil Ltd. a unit of Exxon Mobil Corp., as well as Cenovus Energy Inc. and Canadian Natural Resources Ltd., according to Crude Oil Monitor.\nMost Read from Bloomberg Businessweek\n\nWhat Really Happens When You Trade In an iPhone at the Apple Store\nRents Are the Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation\nAging Copper Mines Are Turning Into Money Pits Despite Demand\nThe Pentagon Wants to Give Defense Startups a Chance \nFor Multinationals, Africa’s Allure Is Fading\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428664111"}