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IHS Markit

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Related Articles

U.S. imports of Canadian heavy crude more than double 2012 levels

Imports of Canadian heavy crude are an increasingly important source of supply to the United States, the world's largest refining market for such crudes, according to a new report by IHS Markit. U.S. imports of Canadian heavy crudes will approach 2.8 million barrels per day (mbd) in 2018—more than double what they were in 2012—and could exceed 3 million mbd in 2020.

Shale revolution keeps US trade deficit in check

The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country's net petroleum imports, a new report by business information provider IHS Markit says. Continued U.S. production growth is now on track to make the country a net-exporter of petroleum for the first time since at least 1949.

Canada may supply a third of U.S. Gulf Coast heavy oil by 2020: IHS Markit

Supplies of Canadian oil sands heavy crude are increasingly being refined on the U.S. Gulf Coast (USGC) and could top 1.2 million barrels per day (mbd) — a full one-third of the region's heavy oil refining market — by 2020, says a new report by business information provider IHS Markit. Current runs of Canadian crude in the USGC market are estimated to already be in excess of 800,000 barrels per day (bpd), the report says.

Oil sands production forecast expects strong additions through 2019

IHS Markit has released its outlook for Canadian oil sands production through 2026. IHS Markit expects large production growth through 2019 — making Canada the second largest source of global supply growth during that time. More modest but sustained growth is expected beyond 2019, with oil sands production at the end of 2026 around one million bpd higher than in 2017.

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