Gulf Coast refineries in Texas and beyond need new oil pipelines from Canada to cut down on their supply costs, a new report Tuesday from the IHS Markit research firm concludes.
Western Canada is projected to increase its crude oil sands production by nearly 1 million barrels a day by 2020, putting increased pressure on an already constrained pipeline system, and forcing more oil to be transported by rail unless new pipelines come online, the report contends. Continue reading “Texas refineries need new Canadian oil pipelines, report says”
