Hellenic Shipping News: Poten and Partners: And Then There Were Two . . .

23 Nov 2015: “Currently, Canada produces a total of about 4 million barrels of crude oil per day (Mb/d). The production comes from different sources and processes with different economics: About 3.7 Mb/d is Western Canadian oil sands and synthetic crude and about 0.2 Mb/d East Coast is offshore crude. The Western Canadian production is land locked and the vast majority of the oil is currently transported to the US through pipelines and by rail, where it competes in a well-supplied local crude market and with other imports. To improve their competitive position, Western Canadian producers are looking to develop pipeline access to the coast, so they can ship crude to markets in Europe and the Far East. What is the status of these pipelines now that Keystone XL is off the table, at least for now?”