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Canadian crude Gulf Coast exports rise as Venezuelan gap is filled

(Source: Reuters, June 18, 2019)

HOUSTON — Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. Crude-by-rail loadings from Western Canada - much of it bound for U.S. refiners - rose to an average 231,000 barrels per day (bpd) in May, from 144,000 bpd in February, according to market intelligence firm Genscape.

Full story: Reuters

Thursday, June 20, 2019

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