Much has been said about US president Joe Biden’s rejection of the Keystone XL project. The now-suspended project would have provided 830,000 b/d of pipeline capacity from Canada’s oil sands to the US midcontinent, but after years of delays, Canadian crude oil producers have been forced to seek other means of transportation. Crude-by-rail was an early outlet for incremental barrels, but other pipeline expansions are also underway.
In this episode of The Crude Report, our reporters Alex Endress and Brett Holmes discuss how the Canadian crude market has moved along despite Keystone XL and how Canadian crude prices are faring from Hardisty to the US Gulf coast.
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