Canadian crude oil exports to the United States are about to increase this year as additional pipeline capacity comes online and oil sands output increases, Argus reports , adding that demand for heavy crude has also been on the rise with few producers available. Pipeline export capacity will rise by some 420,000 bpd at least, the report noted, while production of heavy crude in the oil sands improves. The largest capacity addition will come from Enbridge’s Line 3 expansion, to be completed by the fourth quarter, according to the company. The expansion project will boost the pipeline’s capacity from 390,000 bpd to 760,000 bpd and will enable Enbridge to accept more requests for capacity reservations. Now, per the Argus report, the company has to reject 52 percent of requests for space on the pipeline. Because of the pipeline capacity shortage, rising Canadian exports of crude to the United States […]