Canada’s Stalled Oil Pipeline Set for First Crude Deliveries
Canada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp.
Keystone Has Leaked More Oil Than Any Other US Pipeline Since 2010
The early December oil spill in Kansas means that TC Energy Corp.’s Keystone pipeline has now leaked more crude oil than any other conduit on U.S. land in the past 12 years.
Port Traffic Jam May Be to Blame in California Oil Spill
An unremitting shipping logjam in the waters outside of Los Angeles already has contributed to higher costs, delays and intermittent goods shortages across the U.S. Now, it could be to blame for California’s biggest oil spill in 27 years.
Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil
Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.
Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.
Canadian Crude Now Costs More to Ship Than to Buy
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
Canadian Oil Prices Bounce Back From One-Year Low
Canadian crude rebounded from a one-year low after inventories fell and Alberta’s premier pledged to defend prices.
Canadian Crude-by-Rail Shipments to Surge, Spurring Investment
Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure.
Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil
U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.
Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck
Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.