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Mammoet Co. workers moved a reduced-size megaload carried on 18-axles remotely controlled, into a storage yard at the Port of Lewiston on May 9, 2011 in Lewiston, Idaho. Several dozen of the large modules of oil-processing equipment were awaiting permits to be transported on U.S. Highway 95 through Moscow to the Kearl Oil Sands project in Alberta.
Mammoet Co. workers moved a reduced-size megaload carried on 18-axles remotely controlled, into a storage yard at the Port of Lewiston on May 9, 2011 in Lewiston, Idaho. Several dozen of the large modules of oil-processing equipment were awaiting permits to be transported on U.S. Highway 95 through Moscow to the Kearl Oil Sands project in Alberta.
(Barry Kough/AP)

ENERGY

Popping the bitumen bubble: Canadian crude no longer cheap

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

Canada’s heavy oil market has gone from bargain basement to bonanza in half a year, and several factors are making a repeat of last winter’s deep price discounts against international benchmarks look increasingly unlikely.