China’s Canadian Oil Binge to Wind Down as U.S. Refiners Ramp Up
- Five Aframax tankers leave Vancouver for China in two months
- Trans Mountain pipe expansion would open future access to Asia
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China is finally getting a taste of Canadian crude, if only for a couple of months.
At least five tankers hauling as much as a combined 3.76 million barrels of crude have departed Vancouver for China since the start of September, Bloomberg ship-tracking data show. The cargoes could push China’s purchases beyond 4 million barrels for the year, the most since 2012, government data show.