Oct 07, 2019 · Demand for heavy oil on the U.S. Gulf Coast has never been higher, as the rapid deterioration of Venezuelan output tightens the supply of heavy sour crude globally, IHS Markit vice-president Kevin Birn said in a recent report. Overall Canadian crude oil exports to PADD III averaged 835,515 bbls/d in July, after peaking at 858,268 bbls/d in April. Feb 27, 2014 · Crude Oil Exports - A Conundrum Whose Time Has Gone ... it will have the capacity to transport up to 830,000 barrels of heavy Canadian crude to the Gulf Coast for refining, or export ... Recent data shows that the demand for Canadian heavy crude oil in Asia is alive and well. Alberta Oil Making its Way to Asia Historically, before the low-price rush of 2018, it was unusual for Asian buyers to book so many shipments of Canadian crude. are applicable, much of the cost difference between Mexican Maya and Canadian Select crude oil delivered to U.S. refiners is attributable to transportation. If a 20% import tax were applied to Mexican crude oil, it could increase the price of Mexican crude oil by up to 20% from the perspective of U.S. refiners.