Los Angeles receives more Canadian oil as Trans Mountain expansion advances

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Crude oil shipments from Canada to Los Angeles have increased significantly, reaching the highest levels in four years this March with 1.74 million barrels transported. This trend, involving heavy Cold Lake crude from oil sands, could foreshadow shifts in Pacific Coast oil flows following the Trans Mountain pipeline expansion that will triple capacity to 890,000 barrels per day. Initially, cargoes from the expanded pipeline are expected to head to China, but US West Coast refineries might emerge as a key market due to their closeness and the size of tankers that can dock in Vancouver. This change could see Canadian crude replacing imports from regions like Iraq, Saudi Arabia, or Latin America, offering competitive transportation costs due to the shorter shipping distance.

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