Even without Keystone XL, U.S. set for record Canadian oil imports

By Nia Williams and Devika Krishna Kumar CALGARY/NEW YORK (Reuters) – The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding. U.S. President Joe Biden canceled Keystone XL’s permit on his first day in office Wednesday, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil sands crude from Alberta to Nebraska. Environmental activists and indigenous communities hailed the move, but traders and ana…

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HEDGE accordingly