Will China Continue Its Canadian Crude Buying Spree?

Chinese refiners have been buying a lot of Canadian crude oil in the last couple of months, taking advantage of the massive discount of Western Canadian Select to West Texas Intermediate. The purchases have given troubled Canadian drillers hope for the future that even without the Trans Mountain expansion their crude could expand on Asian markets. China purchased 1.58 million barrels of heavy Canadian crude oil for loading in September, up by nearly 50 percent compared to the 1.05 million barrels it imported from Canada in April, Bloomberg reported…