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Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the staggered global demand recovery from the pandemic.
For the second time this month, a tanker will load crude from eastern Canada’s oil-rich Newfoundland province and head to the U.S. West Coast, shipping fixtures compiled by Bloomberg show. The BP Plc-booked Aquasurazo is set to receive supplies this weekend destined for the Cherry Point refinery in Washington. Last week, a Chevron Corp.-chartered vessel loaded at the same province and is en route to deliver crude to plants in California.
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Eastern Canada oil heads to U S West Coast in rare demand shift
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Eastern Canadian oil heads to U S West Coast in unusual demand shift
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by Bloomberg
|Thursday, April 15, 2021
It s an unexpected move prompted by the staggered global demand recovery.
(Bloomberg) Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the staggered global demand recovery from the pandemic.
For the second time this month, a tanker will load crude from eastern Canada’s oil-rich Newfoundland province and head to the U.S. West Coast, shipping fixtures compiled by Bloomberg show. The BP Plc-booked Aquasurazo is set to receive supplies this weekend destined for the Cherry Point refinery in Washington. Last week, a Chevron Corp.-chartered vessel loaded at the same province and is en route to deliver crude to plants in California.