• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai, March 15, 2024. Francis Mascarenhas/ File photo
A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai, March 15, 2024. Francis Mascarenhas/ File photo
Home
Business
Energy

Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say

April 29th, 2024 | 15:22 PM BUSINESS Energy 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Trump threatens to isolate Iran. Who are its trading partners?
Trump administration to back US minerals projects with $500 million in grants
Mauritius signs agreements to import oil products from India
India weighs low-cost loans for renewable projects hit by power curbs, sources say
By Florence Tan, Nidhi Verma

Reliance Industries (RELI.NS) has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said.

Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. The Canadian government-owned pipeline expansion will nearly triple the flow of crude from Alberta to Canada's Pacific Coast and open up access to Asia and the U.S. West Coast.

Shell (SHEL.L) will perform ship-to-ship transfers to move about four 500,000-barrel cargoes of Access Western Blend (AWB) onto a Very Large Crude Carrier and ship the oil to the Sikka port, the sources said, where Reliance operates the world's biggest refining complex.

One of the sources said the deal was done at $6 a barrel discount to September ICE Brent on delivered basis.

AWB is a type of heavy and highly acidic diluted bitumen produced by Canadian Natural Resources and MEG Energy.

Sellers of Canadian oil are exploring ways to increase exports to Asia where demand is growing and as Asian refiners typically pay higher premiums.

Chinese firms Sinochem, Unipec, the trading arm of Asia's largest refiner Sinopec, and PetroChina have already bought several cargoes of AWB and Cold Lake crude from the pipeline to be delivered to China in June, trade sources said.

Reliance did not respond to a Reuters email seeking comments.

  • Topic
  • Canada
  • SHELL
  • OIL/RELIANCE INDS
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Trump threatens to isolate Iran. Who are its trading partners?

Related Posts

Energy
August 20th, 2026

Trump threatens to isolate Iran. Who are its trading partners?

Energy
August 20th, 2026

Trump administration to back US minerals projects with $500 million in g...

Energy
August 20th, 2026

Mauritius signs agreements to import oil products from India

Energy
August 20th, 2026

India weighs low-cost loans for renewable projects hit by power curbs, s...

Energy
August 20th, 2026

EU not concerned about gas supply or storage filling, Commission says

Energy
August 20th, 2026

Saudi Aramco sells at least 4 million barrels of crude loading outside H...

The Wire
Aug 20th 3 h ago
Formula 1

TWG Global says Cadillac F1 team and motorsport interests n...

Aug 20th 3 h ago
Soccer

Carrick praises Rashford's revival as Manchester United eye...

Aug 20th 3 h ago
Tennis

Alcaraz confirms US Open return after four-month injury lay...

Aug 20th 3 h ago
Asia Pacific

UN says two staff members detained in Afghanistan have been...

Aug 20th 3 h ago
Sports

Jets' Woody Johnson buys minority stake in Aston Martin F1 ...

TRENDING ON FINANCETIME
Aug 20th, 2026 Transactional

Carlyle-backed YipitData explores $2.5 billion-plus sale, sources say

Aug 20th, 2026 Sports

Blue Jays' Vladimir Guerrero Jr. (concussion) on rehab assignment

Aug 20th, 2026 Business

US Treasury buyback briefly eases bond rout, but debt worries persist

Aug 20th, 2026 Sports

Colts TE Tyler Warren (groin) to miss one week

Aug 20th, 2026 Cricket

Bangladesh Premier League will not take place this season, says BCB president

Markets-Sectors
BASIC MATERIALS -0.19%
TECHNOLOGY -0.29%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT