Canada exported 3.2 million barrels of crude per day to the United States last year, the Energy Information Agency reported , a 10 percent annual increase and an all-time record high. In addition, Canadian oil exports increased as a portion of overall exports, to account for 43 percent of the 7.4 million bpd that the country imported in 2015. On the other hand, Canada took in the bulk of U.S. oil exports, some 92 percent of them, or 422,000 bpd. The energy industry in both countries has been hit hard by the oil market downturn, but the Canadians seem to be doing a bit better because their oil is cheaper and because they found a niche to fill as the U.S. shale boomers started shrinking their operations. What’s more, Gulf Coast refineries appear to be well equipped for handling Canada’s heavy crude—Western Canadian Select (WCS)—unlike most of the world, […]