Keystone XL Pipeline Unlikely to Boost North American Oil Prices [ANALYSIS]

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Hira Shahnawaz Akhtar
Published on
Updated on

With the expansion in oil supplies, new pipelines have been spurting up all across North America to carry the excess oil and gas. Keystone XL oil pipeline, which is 1,179 miles long, is expected to transport excess oil from Alberta, Canada to refineries in Texas. Keystone’s Transportation Of Canadian oil It is believed, however, that even with Keystone’s transportation of Canadian oil, the expansion of supply in Canada will continue to outpace demand in  North America. Furthermore, North American E&P firms are eager to start operations in shale given the 58 billion barrels of shale oil reserves in the U.S. and…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.