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Canadian crude is fetching its biggest premium in two years on the US Gulf Coast due to the effective closing of the Strait of Hormuz.
Updated ·First reported ·1 source
Summary
Canadian crude is fetching its biggest premium for shipment to the US Gulf Coast in more than two years. Bloomberg reports the price increase is reportedly due to the effective closing of the Strait of Hormuz.
Key Facts
- •Canadian crude is fetching its biggest Gulf Coast premium in more than two years.[1]confirmed
- •The price surge is reportedly due to the effective closing of the Strait of Hormuz.[1]unverified
[1] Bloomberg
Locations
CanadaCanada, North America
56.13, -106.35US Gulf CoastUnited States, North America
29.00, -93.00Strait of HormuzIran, Middle East
26.57, 56.25Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
Canadian crude is fetching its biggest premium for shipment to the US Gulf Coast in more than two years. Bloomberg reports the price increase is reportedly due to the effective closing of the Strait of Hormuz.
- • Canadian crude is fetching its biggest Gulf Coast premium in more than two years.
- • The price surge is reportedly due to the effective closing of the Strait of Hormuz.