Sentences with phrase «canadian oil exports»

As well, the government says the deep discount on Canadian oil exports as compared with world prices has added up to about $ 8.4 billion in 2011 - 2012.

Ninety - seven per cent of Canadian oil exports now go to the U.S.

Enbridge Inc., which used to control Canadian oil exports to the U.S., has become the largest gas distributor in Ontario and invested in wind farms.

Not exact matches

Canadian crude oil exports, in 1000s of barrels per day, to US Petroleum Administration Districts for Defence (PADDs).

Canadian crude oil exports do flow predominantly to the U.S., but the regional distribution of those crude oil exports is vitally important to understand.

The Canadian dollar appreciated by nearly 42 % relative to the greenback, mostly due to the increase in the value of Canada's oil exports.

It was Canadian Business that, back in 2007, brought attention to California's low - carbon fuel standard that effectively blocks oilsands exports to that state — despite the fact that California's own exempted heavy - oil industry has been shown to be more carbon intensive than the oilsands average.

No customer is actively requesting CN move crude oil to the West Coast for export, spokesman Mark Hallman reiterated in an e-mail to Canadian Business.

Canadian Prime Minister Stephen Harper was «profoundly disappointed» that Obama delayed a decision on the pipeline, and has spoken of the need to diversify Canada's oil exports.

If the Canadians are given the ability to export their oil to other countries, it could negatively impact U.S. energy security, U.S. gasoline prices, and Midwest refining margins.

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

For example, if Canadians considered more closely the environmental and social consequences of harvesting the oilsands, they might go about it differently than if they simply considered how much Alberta's economy will grow by exporting oil to the U.S..

Considering that Canada's oil and gas exports to the U.S., worth $ 92 billion in 2010, account for more than half of Canadian production of those commodities — and nearly a quarter of Canada's total merchandise exports — this is an ominous turn of events for Canada as well.

«The value of the Canadian dollar and the price of oil, one of the nation's top exports, have both tumbled to near record lows,» the billionaire and former three - term mayor of New York wrote ahead of Trudeau's arrival for town - hall event on live television.

Greg Priddy, an analyst with political - risk consultancy Eurasia Group, noted in a recent commentary that «the Alberta and federal governments, along with the oil and gas sector, broadly support the effort to diversify Canadian energy exports to high growth markets in Asia.»

If Carney is right, this will add to pressure on the Canadian dollar by slashing oil, gas and coal exports even further.

But ask a Canadian politician, and you'll likely hear a drum beat of talking points about China's voracious energy appetite and the imperative to ramp up our oil, gas, and coal exports.

With so much attention on the prospect of exporting oil to China, you may not realize that Canadian cleantech companies are exporting solutions that support Chinese efforts to minimize their oil consumption and improve air quality.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

At present, almost all Canadian exports of oil and gas go to the U.S., which is becoming once again a major producer in its own right, and a potential competitor for offshore markets.

He's signaled he may approve the Keystone XL oil pipeline from Alberta's oil sands to the U.S. Gulf Coast and may authorize new spending and tax cuts, which could boost Canadian exports of raw materials and equipment.

Canadian heavy oil is perfectly suited for the refineries in the U.S. Gulf Coast, which is the largest motor gasoline producing region in the U.S., producing 90 percent of American gasoline exports.

Last year, the value of Canadian crude oil exported to the U.S. was roughly C$ 51 billion.

In his May 2009 paper «The Canadian Oil Sands: Energy Security vs. Climate Change» (long one of my favorite sources), Levi identifies a list of six security and economic consequences of oil consumption and production and then examines how increased oil sands production and exports to the U.S. would mitigate or exacerbate these impacOil Sands: Energy Security vs. Climate Change» (long one of my favorite sources), Levi identifies a list of six security and economic consequences of oil consumption and production and then examines how increased oil sands production and exports to the U.S. would mitigate or exacerbate these impacoil consumption and production and then examines how increased oil sands production and exports to the U.S. would mitigate or exacerbate these impacoil sands production and exports to the U.S. would mitigate or exacerbate these impacts.

My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products from Southwestern Ontario push up the value of the Canadian dollar, making life more difficult for oil sands producers.

The Canadian economy continues to work its way back from the post-crisis global recession and the associated collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.

To think that it would not, and that it would instead be exported, you'd have to imagine a tanker floating in to port laden with heavy oil, unloading its cargo, re-loading with Canadian heavy, and sailing out again.

The United States is the largest market for Canadian crude, with the neighbouring country purchasing almost 99 percent of the total crude oil exported from Canada in 2016 and the five - year average ranging between 97 - 99 percent.

There would be winners and losers in the sector as it continues to trim its costs, search for new export markets and struggle with large discounts for Canadian oil barrels relative to U.S. oil, Burt said.

[8] National Energy Board (Canada), «Canadian Crude Oil Exports by Rail — Monthly Data,» https://www.neb-one.gc.ca/nrg/sttstc/crdlndptrlmprdct/stt/cndncrdlxprtsrl-eng.html.

The discount facing Western Canadian Select oil prices increased at the end of 2017, following a spill from the TransCanada Corp.'s Keystone pipeline and has remained high as other export pipelines are full.

A case in point: The continued price pressure on oil and gas products doesn't mean that Canadian exports have declined in this segment — they haven't.

When you add in refined products and other petroleum liquids, Canadian exports soared past 4.1 million barrels a day, a total that is higher than the next seven U.S. suppliers combined, and nearly four times more than Saudi Arabia, the U.S.'s second largest source of foreign oil.

While the oil and gas sector, which comprised 24 % of all Canadian exports in 2015, has been hit hard, most other exporting industries experienced major gains in 2015, which are expected to translate into further increases to Canadian exports overall.

The Canadian province, which holds the world's third - largest crude reserves, is reviewing renewable - energy policies as exports from its oil sands face increasing opposition from environmental groups and lawmakers in the U.S. and Europe.

It is likely these projects will be built, and with them there will be a 13 per cent surplus of export pipeline capacity, without the Trans Mountain project, when western Canadian oil production peaks in the 2025 timeframe.

There was a marked decrease in Canadian crude oil exports in 2015 to Non-US markets, shrinking year - over-year from 2.8 % of market to roughly 1 %.

Last week, Bill McCaffrey, chief executive of oil sands producer MEG Energy Corp., said his company is considering such exports as it becomes easier to move Canadian crude to Houston through expansions of the pipeline network.

Canadian oil producers still can use U.S. port facilities to export their oil to other countries, but now they have another major competitor on world markets, the United States.

When the Opposition leader noted in the House of Commons, in 2012, that a federal study had shown that Canada was falling prey to «Dutch disease» (named after the 1960s oil boom, which devastated other exports in the Netherlands), Conservative MP Kellie Leitch offered the government's response: «The leader of the Opposition wants to call Canadian employers a disease.»

This Canadian province — only slightly smaller than Texas — exported more than $ 52 billion worth of crude oil in 2011 because it's «one of the few places in the world where you can actually mine oil,» notes Cameron Brown, director of advocacy at the Alberta Ministry of International and Intergovernmental Relations.

When you think about Canadian strengths in terms of production and exports, agriculture and oil feature prominently.

The Canadian economy is heavily dependent on oil exports and the falling price of oil resulted in a big move away from the Canadian dollar.

Construction of the Keystone XL pipeline will improve the ability of producers to export south from the Canadian oil sands, across the U.S. border to Steele City, Nebraska.

That's because low prices for oil should continue to offset government stimulus spending as well as increased exports due to the weak Canadian dollar.

12 % of US Daily Crude Imports Done by Enbridge Enbridge Energy is intimately connected with expanding production of oil from the Alberta tar sands and delivering it to the United States — their 2009 annual report states that they transport 71 % of western Canadian crude exports, satisfying 12 % of US daily crude oil imports.

Indeed, Canadian oil sands exports could exceed the refining capacity in the Midwest by 2015, IHS CERA, a consulting firm based in Cambridge, Mass., said in a submission to the State Department.

Keystone XL will not lessen U.S. dependence on foreign oil, but transport Canadian oil to American refineries for export to overseas markets.

News Articles Featured Nathan Vanderklippe Globe and Mail March 20, 2013 Read the full article on the originating site Natural Resources Minister Joe Oliver this week told a Vancouver audience that British Columbians have nothing to fear from Pacific exports of Canadian oil sands crude.

The oft - repeated «Canada has only one market» rhetoric ignores the fact that oil is a globally priced commodity, that the US Gulf Coast has the world's largest concentration of coking refineries able to optimally refine Canadian heavy oil, and that there is likely a price discount, not a premium, from exporting to Asia, given transportation costs.