Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, the Canada Energy Regulator said on Wednesday. Imports decreased by nearly 20% in 2021 to 473,000 barrels per day (bpd) from 579,000 bpd in 2020, the CER said in an analysis. A variety of factors contributed to the dip, including pipelines flowing more domestic crude into Ontario/Quebec and the Cresta Fund Management-owned 135,000 bpd Come-by-Chance Refinery in Newfoundland remaining idle, the regulator said. The total cost of imported crude oil was $14.7 billion in 2021, an increase of 30% from 2020 at $11.3 billion, following global crude prices […]