{"id":3705,"date":"2014-12-29T14:08:31","date_gmt":"2014-12-29T19:08:31","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3705"},"modified":"2014-12-29T14:08:31","modified_gmt":"2014-12-29T19:08:31","slug":"canadian-oil-surge-to-u-s-gulf-puts-mexico-on-defensive-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3705","title":{"rendered":"Canadian Oil Surge to U.S. Gulf Puts Mexico on Defensive – Bloomberg"},"content":{"rendered":"

Canadian Oil Surge to U.S. Gulf Puts Mexico on Defensive – Bloomberg<\/a>.<\/p>\n

A price war is brewing between\u00a0Canada<\/a>and\u00a0Latin America<\/a>\u00a0over who will satisfy U.S. Gulf Coast refiners\u2019 hunger for heavy oil.<\/p>\n

The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a day starting in January, according to Calgary-based ARC Financial Corp. The shipments are growing even without the Keystone XL pipeline, which has been delayed for six years because of environmental opposition.<\/p>\n

The Canadian supply will square off against crudes from\u00a0Mexico<\/a>\u00a0and Venezuela that have traditionally fed refineries along the\u00a0Texas<\/a>\u00a0and Louisiana coasts. State-owned\u00a0Petroleos Mexicanos<\/a>\u00a0widened its discount for U.S. buyers in December by the most since August 2013. Valero Energy Corp. and Marathon Petroleum Corp., which invested in special equipment to refine heavy crude, stand to gain the most from the Canadian supply.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Canadian Oil Surge to U.S. Gulf Puts Mexico on Defensive – Bloomberg. A price war is brewing between\u00a0Canadaand\u00a0Latin America\u00a0over who will satisfy U.S. Gulf Coast refiners\u2019 hunger for heavy oil. The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[103,1176,517,1097,2248],"class_list":["post-3705","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-canada","tag-latin-america","tag-mexico","tag-oil-price-war","tag-petroleos-mexicanos"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3705"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3705\/revisions"}],"predecessor-version":[{"id":3706,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3705\/revisions\/3706"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}