Lasting Strait of Hormuz risks strengthen case for Canadian heavy oil exports

Lasting Strait of Hormuz Risks Strengthen Case for Canadian Heavy Oil Exports - Energy News, Top Headlines, Commentaries, Features & Events

G7 leaders welcome prospect of more Canadian crude in world markets By Deborah Jaremko Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of ...

Lasting Strait of Hormuz risks strengthen case for Canadian heavy oil exports

Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of Hormuz. While hostilities between Iran and the U.S. appear to be subsiding, the reopening of the Strait will shape trade flows in the days, months, and years ahead, according to RBC analysts. Much of the energy gap is in heavy oil, they noted, with refineries in Asia built for heavy sour Middle Eastern crude “force-f…