Thursday, August 3, 2017

Canadian Imported Crude Oil -- August 3, 2017

US refineries are, in general, optimized for heavy oil. Heavy oil sources for the US:
  • Mideast (Saudi Arabia, Iraq)
  • Venezuela
  • Canada
As Venezuela implodes and questions arise over reliability of Venezuelan crude oil, it may be interesting to follow Canadian crude oil imports (into the US).

Over 125 million bbls/month:
  • prior to 2015: never? the jump post-2014 has been striking
  • 2015: one month (December)
  • 2016: two months (bookends)
  • 2017: three out of the first five months
The Keystone XL? Not critical but it would be nice.

This might take a second or two to re-fresh:

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