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January 21, 2013 at 11:40 am
#4542
Anonymous
The US will continue to need hydrocarbons from the oil sands of Canada despite its rising output of light oil from tight formations, which nevertheless are reshaping markets for heavy Canadian material.
- Most potential market expansion for oil sands producers lies on the US Gulf Coast, where refineries have capacity.
- On the West Coast, where 90% of refining capacity is oriented toward the heavy end of the crude slate, the potential market for bitumen blends might exceed 700,000 b/d, but that market remains “largely untapped”.