Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. Shell …
Drivers in the Midwest may soon have to pay a bit more at the pump. Americans guzzled Canadian oil even as U.S. crude output ballooned in recent years, turning Canada into an export juggernaut. The project cleared its last major regulatory hurdle in mid-January, and workers are laying the final stretch of pipe that will carry Canadian crude from Alberta’s …
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower. That promises another quantum leap for Canadian crude after its US Gulf Coast sales already hit a record 274,000 bpd …
