January 22, 2021 – Reuters
CORRECTED-Even without Keystone XL, U.S. set for record Canadian oil imports
By Nia Williams, Devika Krishna Kumar
…Construction underway on Trans Mountain and Line 3 could still be held up by environmental protests, but unlike Keystone XL, both pipelines have cleared legal and regulatory hurdles.
Oil production in western Canada will rise in 2021 to a new record of 4.45 million bpd, RBN Energy estimates, up from 3.9 million bpd in 2020, most of which will be exported to the United States.
Canada is the world’s fourth-biggest crude producer, but has been grappling for years with congestion on pipelines. That caused a glut of oil in storage tanks in Alberta, driving prices down, and spurring the province to impose production curtailments to drain record inventories...
Read the full article here: https://www.reuters.com/article/usa-biden-keystone-oil/even-without-keystone-xl-u-s-set-for-record-canadian-oil-imports-idINL4N2JW3T5
