![]() ![]() Source: CER – Crude Oil Export Summary, EIA – U.S. The lower demand for crude oil triggered by the COVID-19 pandemic led to a 12% decrease in Canadian exports in 2020 compared to 2019. light oil production for refining markets. Canada’s heavy oil does not compete directly with rising U.S. This is partly due to declining imports from Venezuela and Mexico, two other suppliers of heavy oil to the U.S., during this period. ![]() Despite this, Canada’s exports to the U.S. and Canadian shales and other tight formations.īetween 20, U.S. Horizontal drilling and multi-stage hydraulic fracturing has greatly increased light crude oil production from U.S. The North American crude oil market has changed significantly over the past ten years. Other refers to exports to countries other than the U.S. Over that time period, the majority of the crude oil exported from Canada was exported to PADD II (U.S. In 2019, PADD II received 59% of Canada’s crude oil exports, and PADD III received 22%.ĭescription: This figure shows crude oil exports from Canada, by destination, between 20. Rocky Mountain Region (PADD IV), and U.S. The PADDs are geographic aggregations of the 50 States and the District of Columbia into five districts: the U.S. Petroleum Administration for Defense Districts (PADDs). Footnote 9įigure 7 below shows Canadian crude oil exports by destination, with U.S. As a result, Canadian refineries in Ontario, Quebec, Newfoundland and Labrador Footnote 8 and New Brunswick import light crude oil. Footnote 7 Most Canadian refineries are not configured to process growing heavy crude oil from the oil sands, or may not have access to it. The majority of this went to the U.S Footnote 6 and the remaining 17% was mainly refined within Canada. In 2020, Canada exported 82% of the crude oil it produced. Most of the crude oil produced in Canada is shipped via pipeline from western provinces to refineries in the U.S., and in Quebec and Ontario.
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