Canada’s Oil Market, US Demand… WSJ – Commodity Research Group

September 13, 2019 by Jim Colburn Leave a Comment

Villa Monga, Wall Street Journal, has a nice piece on heavy Canadian crudes finding demand in the US due to the embargo placed on Venezuela, here…

”San Antonio-based Valero Energy Corp. has boosted its Canadian content to record levels. The company processed more than 190,000 barrels of Canadian oil a day during its second quarter, according to the refiner. The company expects rail shipments from Canada to continue rising, and its refineries have enough capacity for more than 300,000 barrels a day, said Gary Simmons, a senior vice president at Valero, during an earnings call in July.”

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