US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada. This shift is driven by the newly expanded Trans Mountain pipeline, which has reshuffled trade flows across the Pacific. In June, California and Washington are expected to import significant amounts of Canada’s heavy crude, displacing Iraq’s Basrah Heavy. The cheaper Canadian oil is squeezing out more expensive Middle East crude in the US market.
Bloomberg: Cheap Canadian Oil Displaces Iraqi Imports on US West Coast Summary US West Coast refiners are shifting from heavy Iraqi oil to cheaper Canadian crude due to the newly expanded Trans Mountain pipeline. In June, California and Washington are expected to import about… https://t.co/RmQHWjntZC
The News: Cheap Canadian Oil Displaces Iraqi Imports on US West Coast Really? Hell .. no... subscribe to know the facts: https://t.co/CMmtruceqy #Iraq #Oil #Canada https://t.co/soaIdK2HlN
Cheap Canadian Oil Displaces Iraqi Imports on US West Coast - Bloomberg https://t.co/Op233YTQ25
Canada is squeezing out more expensive Middle East crude in the U.S. https://t.co/0suygVyKXU
Cheap Canadian Oil Displaces Iraqi Imports on US West Coast Trans Mountain expansion sends oil to California, Washington #Canada’s heavy crude displaces #Iraq’s Basrah Heavy in June #oott https://t.co/S6yDEzaqx6
US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific https://t.co/quJKXXvZnn