Huntley told Postmedia News “my interpretation is that a significant amount of oil was sent to China near the end of 2018 when the price was very low, and it stopped the moment the Alberta Pr…
David Huntley, a professor emeritus in physics at Simon Fraser University who monitors tanker traffic at Burnaby’s Westridge terminal, said that so far this year there had been only three tankers that loaded crude oil from the terminal and none went to China.
Huntley, via email, told Postmedia News “my interpretation is that a significant amount of oil was sent to China near the end of 2018 when the price was very low, and it stopped the moment the Alberta Premier curtailed production and the price returned to normal.” Kevin Birn, vice-president of IHS Markit in Calgary, agreed that price played a role in driving the demand for crude for Chinese refineries in the second half of 2018.
“Everyone wants to fixate on whether it’s going to China, but it will go to Korea, it will go to Japan, to India, to California and the Gulf Coast. The shippers decide what gets pushed through the Trans Mountain pipeline by purchasing capacity on the line. They just found a way to get capacity on the line,” Birn said.
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