China Keen on Canadian Crude

Financial Post reported that China is competing with the US to secure supply of crude oil from Canada.

As quoted in the market news:

China is an ideal client for Canada in Asia as it has the ability to process a wide range of crude and its appetite continues to grow. The Canadian heavy sour grade, which will be shipped to Asia, has API gravity of 19-22 degrees and contains around 3% sulphur. Most Asian refineries process crude of 30 degrees API.

Click here to read the full Financial Post report.