More Canadian crude heads to US

摘要

Heavy Canadian crude shipments to the US are set to rise as more pipeline expansions come on stream and oil sands output climbs above pre-Covid levels. Pipeline capacity to ship heavy crude from Canada to the US is scheduled to rise by at least 420,000 b/d this year. The expansions are expected to increase Canadian heavy crude's market share in the US Gulf coast refining hub and could lead to higher heavy sour crude exports. Canadian crude accounted for close to 56pc of all US imports in March.