What is the refinery margin?
Refinery margins are a measure of the value contribution of the refinery per unit of input. Typically this is per barrel of crude oil processed, but it could also include other feedstocks as inputs.
Does Canada refine its own fuel?
Canada has 17 refineries in operation, with 14 refineries producing gasoline 2. Generally, refineries are located on major waterways, near major cities, or near crude oil production. For example, all Alberta refineries are located in the heart of the WCSB, where they source their crude oil.
Does Canada refine their own oil?
Canada is home to 18 refineries: 5 in Alberta, 5 in Ontario, 2 in British Columbia, 2 in Saskatchewan, 2 in Quebec, 1 in New Brunswick, and 1 in Newfoundland and Labrador. Together they have a total refining capacity of nearly 2 million barrels of oil a day.
How is refining margin calculated?
The gross refining margin GRM is the difference between the total value of petroleum products coming out of an oil refinery (output) and the price of the raw material, (input) which is crude oil. The margins are calculated on a per-barrel basis.
Does the US use Canadian tar sands oil?
America imports some tar sands oil, but expanding U.S. dependence on this polluting fuel is not in our national interest. It’s a bad product, and we don’t need more of it. And energy companies angling for bigger profits shouldn’t play the victim.
Why are there no oil refineries in Canada?
Because there are few pipelines running east-west, Canadian oil flows mostly south to the United States, where refineries with the capability of processing heavy oil (the kind Alberta oil sands produce) turn it into gasoline, jet fuel, and other refined products.
Where does Alberta’s oil go?
Almost three-quarters of Alberta’s oil exports to the U.S. are still destined for the Midwest re-gion. Smaller amounts are sent to the U.S. Gulf Coast, East Coast, Rocky Mountain and West Coast regions.
Does Canada buy oil from Russia?
Canada’s Oil Imports Currently, more than half the oil used in Quebec and Atlantic Canada is imported from foreign sources including the U.S., Saudi Arabia, Russian Federation, United Kingdom, Azerbaijan, Nigeria and Ivory Coast. In 2019, Canada spent $18.9 billion to import foreign oil.
Does fuel expire in refineries?
Both petrol and diesel can expire even under the best conditions, but there are ways of treating fuel to be able to store it for longer. Petrol goes ‘stale’ more quickly than diesel – impurities and condensation in the tank can cause the fuel to go slimy if you leave it for more than a couple of months.