Canadian crude oil exports to the United States are about to increase this year as additional pipeline capacity comes online and oil sands output increases, Argus reports, adding that demand for heavy crude has also been on the rise with few producers available. Pipeline export capacity will rise by some 420,000 bpd at least, the report noted, while production of heavy crude in the oil sands improves.
The largest capacity addition will come from Enbridge's Line 3 expansion, to be completed by the fourth quarter, according to the company. The expansion…Canada To Boost Oil Exports To The U.S.
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