Demand rising for Canadian oil
Canada’s heavy oil outshines WTI benchmark Demand for oil from Canada is rising as world oil consumption hits new records. Heavy, sour oil grades like those Canada primarily exports are experiencing what one analyst calls a “price renaissance,” outperforming the U.S. light, sweet oil benchmark West Texas Intermediate (WTI). “Heavy is the crude that wears the crown,” Toronto-based Rory Johnston,...
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