Canadian prices are trading at their biggest discount to US crude in four years, and this time it’s not due to pipeline shortages or overproduction.
The drop in Canadian crude prices has to do with lower demand from the US Midwest, where refineries are shutting down for maintenance or, in the case of two BP refineries, accidents requiring repairs, Bloomberg Remarks in a report.
That means more Canadian crude goes to the Gulf Coast, but there it is…
