SUBSCRIBERS
Canadian oil surge to US Gulf Coast puts Mexico on defensive
New pipeline, terminals boost heavy crude's flow to higher-value markets
Published Mon, Dec 29, 2014 · 09:50 PM
Houston
A PRICE war is brewing between Canada and Latin America over who will satisfy US Gulf Coast refiners' hunger for heavy oil.
The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels per day (bpd) starting in January, according to Calgary-based based ARC Financial Corp.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows
Gold eases as steady US dollar dampens appeal