Oil and Gas Today with Chris Faulkner – Podcast #472

California, the most-populous U.S. state and biggest gasoline market, more than doubled the volume of oil it received by train in the first quarter as deliveries from Canada surged.

The third-largest oil-refining state unloaded 1.41 million barrels in the first quarter, up from 693,457 a year ago, data on the state Energy Commission’s website showed yesterday. Canadian deliveries made up half the total and were eight times shipments a year earlier. Supplies from New Mexico jumped 71 percent to 173,081 barrels. Those from North Dakota slid 34 percent to 277,046.

U.S. West Coast refiners including Tesoro and Valero Energy are developing projects to bring in more oil by rail from reserves across the middle of the U.S. and Canada to displace more expensive supplies.

Comments are closed.