Amid internal debates on a possible new crude oil export pipeline for Canada, national data show exports to the U.S. economy were up more than 4% to September.
Much of the U.S. refining sector is tailored to run heavy-grade crude oils, rather than the light, sweet crude oil found in domestic shale basins. West Canadian Select is a heavy, sour crude oil, and helps position Canada as the top foreign crude oil supplier to the U.S. economy. Much of that goes to facilities such as BP’s refinery in Whiting, Indiana, centered in PADD II, the U.S. Midwest.
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