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