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

Tanker Trends

Navig8 Acquires Chemical Tanker from STX

Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it

Turkey’s Role for the Tanker Market

Even though the coup attempt in Turkey  failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey to the tanker market.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Energy

Los Angeles Port Pushes for Valero Oil Terminal Improvements Project

The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process —

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

News

Los Angeles Port Pushes for Valero Oil Terminal Improvements Project

The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process —

Eni Cancels Vessel Deal with Viking Supply Ships

Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for

B&G Software Upgrade for Zeus2 and Vulcan Chartplotter

B&G, the world’s leading sailing navigation and instrument specialist has upgraded its latest software for the full range of Zeus2 and Vulcan chartplotters. The

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
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: 0.0978 sec (10 req/sec)