In 2019, 98 per cent of Canadas oil exports went to the United States. Canada General information. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). . As of that year, the oil refinery capacity in. BP. (North Atlantic Refining), 105,000 bpd Refining is the crucial intermediate step between crude oil and refined products. Although Ontario is not a significant producer of petroleum, the province has just over 2,300 producing oil and gas wells. The Irving Refinery in Saint John, New Brunswick is the largest refinery in Canada, and exports considerable volumes of RPPs to the U.S. See full list of refineries. The global bunker fuel market size was valued at $109.6 billion in 2020, and is projected to reach $164.9 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030. As an investor in oil . Nearly 390,000 barrels a day make their way to PADD III (U.S. Gulf Coast) by railcar, the Keystone pipeline, and Enbridges Mainline via the Mid-Valley pipeline system. Also forecasted is the market in the US, Canada, Mexico, Russia, Norway, UK, Italy, China, India, Indonesia, and Malaysia among other prominent economies. 2020 by the numbers Alberta oil producers exit COVID-19 pandemic little scathed, Alberta adds refining capacity, as Newfoundland awaits fate of NARL, Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. Please create an employee account to be able to mark statistics as favorites. There are four operating refineries in Alberta with a combined crude processing capacity of over 458,200 bbl/d. conversion to 17,000 barrels per day renewable diesel conversion work projected to be completed by late 2021 or early 2022. affordable catering gold coast nyc scanner frequencies. Many oil refineries aren't able to directly convert . Brownfield, Refineries, Tie-Ins. +971 48819803. The Oil Refinery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying . In 2021, production increased to 69.6 thousand cubic metres (103 m3/d), or 437.7 thousand barrels per day (103 bbl/d), in response to higher oil prices. According to AAA, the average U.S. retail gasoline price is currently around $4.75 per gallon. Top Four Types of Oil Refinery There are four types of refineries - topping, hydro-skimming, conversion, and deep conversion refineries. Shining a spotlight on refineries throughout the United States and Canada. As of 2021, it had generated a revenue of some 33.7 billion U.S. dollars in its previous fiscal year. Once construction is completed, the refinery is expected to have the ability to process light and heavy crude oil from North Dakota and Western Canada. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. All Canadians should appreciate and be grateful for the role that refineries have in our contemporary lifestyle and support the men and women who work hard in this industry everyday to make that happen! The quality of SCO is much higher than diluted bitumen (WCS) and is even marginally better than some conventional light / sweet blends. Please do not hesitate to contact me.. The newest refinery in the United States is the Targa Resources Corporation's 35,000 barrels per calendar day (b/cd) condensate splitter in Channelview, Texas, which began operating in 2019. What can be the best investment options for new product and service lines? As more countries set targets to phase out gasoline and diesel vehicles, demand for key battery minerals like lithium and nickel is expected to continue to rise. Hence, the importance of refineries to our every day lives cannot be overstated and its crucial that we address existing misconceptions some people have such as the idea that there are no refineries in Canada, or that we sell all of our oil at a discount. Profit from the additional features of your individual account. Raw Material Price Volatility And Rapidly Depleting Crude Oil Refined petroleum products, chemicals and chemical products, coke, and intermediate goods were among the industries that were heavily impacted. The mayor of Sarnia, a city in southern Ontario known as a petrochemical and refining hub, says there could be at least 5,000 job losses if Michigan is successful at shutting down the pipeline. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%.. Today, the largest pipeline network across the U.S. and Canada (with a diameter of at least 10 inches) is . (June 28, 2022). Daily. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000. Its important to keep in mind how geopolitical events and supply disruptions last year affected the regional price differences for energy fuels. In 2019-20, automotive gasoline was imported from Singapore (33 per cent), South Korea (29 per cent), and the United States (9 per cent), while diesel fuel came from Singapore (24 per cent), Japan (19 per cent), and China (16 per cent). Canada is home to 15 refineries, all of which are operated by Canadian Fuels members and represent the country's refining capacity. Canadas net production of petroleum products totalled 2.5 million barrels of oil per day in 2019, more than a quarter of which was exported. Four COVID-19 recovery patterns and their impact, namely, V, L, W and U are discussed in this report. produces diesel and refinery input streams Overall, operating U.S. refineries had a capacity of about 17.7 million bpd of oil and produced about 9.5 million bpd of gasoline, 4.7 million bpd of diesel fuel and 1.3 million bpd of jet fuel in 2021. Oil and petroleum products explained Refining crude oil Basics The refining process Inputs & outputs Refinery rankings +Menu Top 10 U.S. refineries operable capacity* As of January 1, 2022 See full list of refineries Last updated: June 21, 2022, with most recent data available at the time of update. Location: Pacific Future is considering three options for the refinery site, all located on major water sheds. Oil refinery capacity Canada by region 2019 | Statista Try our corporate solution for free! Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. Global refining, which is vital for producing fuels like gasoline and diesel, decreased by 1.4 million barrels a day between 2019 and the first quarter of 2022, according to the International Energy Agency. Learn more about the importance of having responsible and reliable supply chains and why it matters for all Canadians! In 2020, the world used approximately 88.6 million barrels per day of oil, which amounted to 30.1% of the world's primary energy. The facility is primarily located in Whiting, Indiana, USA, though portions of the 1,400 acres (5.7 km 2) complex span into the neighboring cities of Hammond and East Chicago. Too Much! If refinery demand remains robust at 600,000 bbl/day, and rail exports hold steady at 150,000 bbl/day, then the Trans Mountain . According to the Canadian Fuels Association, significant shortages of feedstock for refineries in Ontario and Quebec would ensue. As a result of the war and ensuing sanctions, the discount of Urals crude oil compared to Brent crude oil went from -$1.72 at the start of 2022 all the way to -$30.71 by the end of the year. 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Producing the oil to fill the pipeline would release more emissions annually than 125 countries No quick fix for high gas prices. Access to this and all other statistics on 80,000 topics from, Show sources information In May 2022, Finance Canada announced a Can$10 billion loan guarantee from the federal government, intended to attract private financing for the remaining construction costs, despite promising no further public funding for the project in February of this year. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%. Are you interested in testing our corporate solutions? The broad-based S&P Goldman Sachs Commodity Index (GSCI) surged 52.1% in the first five months of 2022, as supply disruptions and fears across grains, metals, and energy fuels were spurred by Russias invasion of Ukraine. As soon as this statistic is updated, you will immediately be notified via e-mail. Quebec spent more than $5.5 billion on oil imports in 2019, all from the U.S. Atlantic Canada is home to just two refineries. Forecasts to 2032 and other analyses reveal the commercial prospects In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares. The EIA expects U.S. oil production to rise to 11.91 million barrels. Domestic sales of petroleum products accounted for 1.8 million barrels per day that same year, with consumption by category as follows: Refineries in Canada get most of their input oil from domestic production. Canada is a global leader in renewable energy, as exemplified by these 75 incredible facts on renewables in Canada - the only list of clean energy facts you'll ever need! In 2021, production increased to 69.6 thousand cubic metres (103 m3/d), or 437.7 thousand barrels per day (103 bbl/d), in response to higher oil prices. . Population Data: Based upon EPA Enforcement & Compliance History Online (ECHO), and the 2010 U.S. Census and American Community Survey. Jul 7, 2022. This is the first phase of a project to provide greater transparency on the inputs and outputs of North America's refineries. This years edition looks back over the past decade of returns between 2013 and 2022, and features an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings. In this case the graphic focuses in on U.S. regional benchmarks like Powder River Basin coal and Henry Hub natural gas prices. Since 2010, U.S. crude oil production has more than doubled from 5.4 million barrels a day to more than 11.5 million. The U.S. and Canada alone are home to more than 90,000 miles of crude oil and petroleum product pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day. In 2021, Canadian exports from the U.S. Gulf Coast averaged more than 180,000 bpd, reaching nearly 300,000 bpd in December, a record, according to Matt Smith, Kpler's lead oil analyst for the. Gathering Pipelines How many oil refineries are in Canada? Chart. What are the implication of oil refinery projects taking place now and over the next 10 years? The complex is located in Jamnagar, Gujarat, India. February 22nd, 2022, 10:00 PM Who Is Canada'S Largest Oil Producer? Did you know that Canadian wheat farmers produce 12% of the world's supply? The Crown (i.e., Alberta) owns the mineral rights for approximately 81% (53.7 million hectares). The country accounted for about 2.2% of the world's total refinery capacity per day during the same year. With gas prices surging past $5.00 a gallon, many Americans are wondering what is the problem. SHUT REFINERIES: DARTMOUTH, NOVA SCOTIA, CANADA Owner: Imperial Oil Ltd Capacity: 88,000 BPD In the case of many countries, however . Notes: Idle refineries represent refineries where distillation units were completely idle but not permanently shutdown as of January 1 of the year. Number of employees: 9,709. Release Date: 6/21/2022: Next Release Date: 6/16/2023 . The growing global push towards electric vehicles (EVs) has been a major contributor to the increase in demand for lithium and nickel, which was the second-best performing commodity in 2022 with a price increase of 43.1%. 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how many oil refineries in canada 2022