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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
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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.

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