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0 0.000286820593718572 -0.000143410296859388 0.00043023089057796 0.000573641187437348 -0.0031550265309049 -0.00659687365552838 -0.00523447583536491
Stock impact report

Valero, Chevron Buy Oil Off Trans Mountain in West Coast First [BNN Bloomberg (Canada)]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
Company Research Source: BNN Bloomberg
California refineries, according to people familiar with the shipments, a sign that US West Coast may become a significant market for oil-sands crude. The cargoes of Cold Lake crude, a heavy grade produced in the oil sands, will be loaded on Aframax tankers in June out of the Westridge Terminal near Vancouver, according to the people, who asked not to be identified because the information is private. Chevron and Valero didn't immediately respond to emails seeking comment. The shipments — the first sales off the expanded pipeline to Western US refiners — follow sales to China's Sinopec Group and Sinochem Group for delivery to Asia. The Trans Mountain expansion, which will almost triple the capacity of the only oil pipeline system running from Alberta to Canada's Pacific Coast, is scheduled to enter commercial operation on May 1 after years of construction delays and price overruns. While the new pipeline was built to help break Canada's near-total dependence on sales to US refi Show less Read more
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