Canada Crude Imports Slip as Imports from US Grows

Posted by Eric Haun
Thursday, July 03, 2014

Imports of crude oil into Canada fell to a one-year low in May despite a continued climb in imports from the United States, Statistics Canada data showed on Thursday.

Canada imported 16.6 million barrels in May, or around 535,000 barrels per day (bpd), from around the world, with the United States as the top supplier, followed by Norway.

This compares with April imports of 17.5 million barrels, or some 583,000 bpd, and May 2013 imports of 14.3 million barrels, or around 461,000 barrels per day.

While imports from a number of countries increased, including the United States, Norway and Egypt, imports from the United Kingdom, Algeria, Nigeria and Mexico mostly dropped off.

Canada has the world's third-largest crude reserves after Saudi Arabia and Venezuela and produces around 4.3 million barrels per day, but still imports crude because of limited pipeline access from the main oil-producing regions in Western Canada to some eastern refineries.

From the United States, Canada imported some 8.4 million barrels in May, or 271,000 bpd. That's a 3.2 percent increase from the 8.1 million barrels in April and more than double the 4 million barrels imported in May 2013.

Crude exports are restricted in the United States under a decades-old legislation, but companies are allowed to apply for licenses to sell oil to Canada.

Statistics Canada data showed that imports from Texas continued to remain as the biggest exported by state of U.S. crude to Canada for the sixth month in a row, although the number of barrels fell to 4.3 million in May, down from the 4.4 million imported the month prior.

Imports from North Dakota also slipped to 2.9 million barrels from 3.1 million barrels the month prior.

(Reporting By Catherine Ngai; Editing by Chizu Nomiyama)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

TORM CFO Zacho Resigns

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will

Alfa Laval PureNOx Prime Ordered for Five VLECs

Alfa Laval’s new PureNOx Prime solution for water treatment in Exhaust Gas Recirculation (EGR), will be part of EGR systems on five very large ethane carriers

NASSCO Delivers Second ECO Tanker to APT

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker

News

Glosten Promotes Lamkin to Senior Marine Consultant

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Bradley G. Lamkin, PE to Senior Marine Consultant. As a Senior Marine Consultant

HII Secures Aircraft Carrier Planning Contract

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R.

'K' Line Takes Delivery of Corona Series Coal Carrier

Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has announced the delivery of Corona Victory, an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0884 sec (11 req/sec)