Canadian crude oil supply chain adapts to U.S. glut; Edmonton storage inventories plummet while waterborne shipments ease constraints, Genscape reports

With a global oversupply of crude and ever-changing price environment, the crude oil supply chain between the U.S. and Canada has reacted quickly to rebalance supply and demand by moving U.S. crude north to the Canadian East coast, adding new infrastructure to de-bottleneck oil sand storage hubs, and conducting maintenance at Canadian oil sands production facilities, according to Genscape analysis. More »