Canadian crude shipments to Asia are set to surge to the highest in more than a year as US refinery outages force producers to find new outlets for their oil. At least 7 million barrels of heavy-sour crude produced in Canada’s oil sands have been sold to Asian buyers for February loading, according to people familiar with the matter. That’s the most since January 2022, Vortexa data shows. Unipec, the trading arm of China’s biggest state-owned oil refiner Sinopec, will take 3 million barrels, while PetroChina Co. and Indian refiner Reliance Industries Ltd. will each receive 2 million, said the people, who asked not to ... (full story)