US West Coast Refiners Swap Expensive Iraqi Crude for Cheap Canadian Oil

Canada’s newly expanded Trans Mountain pipeline is now prompting American refiners on the West Coast to swap more expensive Iraqi crude with cheaper Canadian crude, Reuters reports, chalking up a 7X increase in June volumes.  The western U.S. states of California and Washington will be importing 150,000 barrels per day of Canadian crude in June, for a seven-fold increase, while Iraqi crude exports to U.S. West Coast refiners will drop from 76,000 bpd in May to just over 3,500 bpd in June, according to figures cited by Reuters. …