The U.S. Is Spoiled by Cheap Canadian Oil. That’s About to Change
1 year, 2 months ago

The U.S. Is Spoiled by Cheap Canadian Oil. That’s About to Change

Live Mint  

Drivers in the Midwest may soon have to pay a bit more at the pump. Americans guzzled Canadian oil even as U.S. crude output ballooned in recent years, turning Canada into an export juggernaut. The project cleared its last major regulatory hurdle in mid-January, and workers are laying the final stretch of pipe that will carry Canadian crude from Alberta’s oil sands to the Pacific. “The Midwest is held captive by Canadian crude oil," said Martin King, an analyst at RBN Energy. Until those companies’ production levels outstrip Trans Mountains’ expanded capacity, “they’re going to have the leverage," said Jacques Rousseau, an analyst at ClearView Energy Partners.

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History of this topic

Alberta to Cut US Alcohol, Change Procurement in Retaliation Against Trump
3 weeks, 6 days ago

Alberta to Cut US Alcohol, Change Procurement in Retaliation Against Trump

Live Mint  

The Canadian province of Alberta is immediately halting purchases of US alcohol and changing its procurement rules to respond to President Donald Trump’s tariffs, while focusing longer-term efforts to export more oil and gas to other markets. Alberta Premier Danielle Smith said Wednesday that she still doesn’t support taxing or reducing oil and gas exports to the US, but that …

Oil Rises Most in Six Weeks as US Affirms Canada, Mexico Tariffs
1 month ago

Oil Rises Most in Six Weeks as US Affirms Canada, Mexico Tariffs

Live Mint  

Oil rose the most in six weeks as President Donald Trump affirmed plans to impose tariffs on the top two suppliers of crude to the US. The tariffs threaten to disrupt North America’s tightly integrated oil industry and raise demand for US crude to backfill any Canadian or Mexican barrels that are diverted elsewhere to avoid the levies. Even with …

Canada wants new oil pipelines to avoid Trump tariffs; nobody wants to build them
1 month ago

Canada wants new oil pipelines to avoid Trump tariffs; nobody wants to build them

The Hindu  

The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said. Canadian pipeline operator Enbridge would not consider a Canadian pipeline project absent a reversal in Ottawa's policy toward energy infrastructure, CEO Greg Ebel said on a recent …

Why Trump’s fix for gas prices won’t work
1 month, 1 week ago

Why Trump’s fix for gas prices won’t work

CNN  

CNN — President Donald Trump swept into office with a three-word energy policy: Drill baby drill. In Trump’s telling, unleashing US oil drilling will reduce gas prices — and thereby Americans’ cost of living — and increase the nation’s energy independence. It’s also generating an expensive, light crude oil, which made up most of what the US exported in 2024: …

US tariffs threat a 'shock' to Canadian businesses
1 month, 2 weeks ago

US tariffs threat a 'shock' to Canadian businesses

Raw Story  

by Anne-Marie PROVOST Donald Trump's threats of import tariffs have sent shockwaves through Canada, forcing businesses to question their dependence on the United States -- a reassessment that is creating headaches for many sectors. Prime Minister Justin Trudeau recently hosted a summit in Toronto that brought business leaders together to discuss ways of growing the Canadian economy, including removing internal …

Could Canada really stop oil flow to the US in response to Trump tariffs?
1 month, 4 weeks ago

Could Canada really stop oil flow to the US in response to Trump tariffs?

Al Jazeera  

Canada, which sends nearly all its crude oil to the United States, has little leverage because the US is the destination for most Canadian exports. However, blocking crude oil flow to the US could inflict an enormous economic cost on Canada, which pumps nearly all of its crude oil to the US via a network of pipelines. The crude oil …

Neighbors in dispute: After Trump declares a trade war, Canadians grapple with a sense of betrayal
Top News
1 month, 4 weeks ago

Neighbors in dispute: After Trump declares a trade war, Canadians grapple with a sense of betrayal

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy As Canadians absorb U.S. …

After Trump declares a trade war, Canadians grapple with a sense of betrayal
1 month, 4 weeks ago

After Trump declares a trade war, Canadians grapple with a sense of betrayal

Associated Press  

TORONTO — As Canadians absorb U.S. President Donald Trump’s trade war and his threats to make Canada the 51st state, one thing has become abundantly clear: One of the world’s most durable and amicable alliances — born of geography, heritage and centuries of common interests — is broken. Trump keeps threatening Canada’s sovereignty and and vowing to put sweeping 25% …

Reactions to Trump's tariffs on Mexico, Canada, and China
2 months ago

Reactions to Trump's tariffs on Mexico, Canada, and China

Firstpost  

Trump stated that the tariffs would be in effect until the conclusion of a national emergency involving the opioid fentanyl and illegal immigration to the United States U.S. President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday and declared that they would remain in place until a …

US: Oil prices fluctuate as Donald Trump signals tariffs and energy policy changes
2 months, 1 week ago

US: Oil prices fluctuate as Donald Trump signals tariffs and energy policy changes

Hindustan Times  

Oil swung between gains and losses as traders digested a slew of pledges and executive orders from President Donald Trump, including the threat of tariffs on Canada and plans to boost domestic energy output. As markets processed a plethora of promises and executive orders from President Donald Trump, such as the prospect of tariffs on Canada and vows to increase …

Mexico, Canada join hands to tackle Trump tariff plan if executed: Cutting off energy supply an option
2 months, 2 weeks ago

Mexico, Canada join hands to tackle Trump tariff plan if executed: Cutting off energy supply an option

Firstpost  

Earlier this week, Mexico’s new President, Claudia Sheinbaum, met with Canadian businessmen to discuss ways of strengthening business, trade, and investments between the two countries and oppose the US tariff measures US President-elect Donald Trump’s inauguration is just days away. Last year in November, President-elect Donald Trump pledged big tariffs on the United States’ three largest trading partners - Canada, …

Alberta’s premier says she won’t support move to stop energy shipments to US as tariff retaliation
2 months, 2 weeks ago

Alberta’s premier says she won’t support move to stop energy shipments to US as tariff retaliation

Live Mint  

Vancouver, The premier of Canada's oil-rich province of Alberta said on Monday she would not support any move to stop energy shipments to the US as a way to combat US President-elect Donald Trump's threats to impose 25 per cent tariffs on Canadian products. Trump has also said he will use economic coercion to pressure Canada to become the nation's …

Alberta’s premier says she won’t support a move to stop energy shipments to US as tariff retaliation
2 months, 2 weeks ago

Alberta’s premier says she won’t support a move to stop energy shipments to US as tariff retaliation

Associated Press  

VANCOUVER, British Columbia — The premier of Canada’s oil-rich province of Alberta said Monday she would not support any move to stop energy shipments to the United States as a way to combat U.S. President-elect Donald Trump’s threats to impose 25% tariffs on Canadian products. “You should never, ever threaten something you cannot do.” Trump has also said he will …

Canada is preparing to strike back hard with retaliatory tariffs if Trump starts a trade war
2 months, 3 weeks ago

Canada is preparing to strike back hard with retaliatory tariffs if Trump starts a trade war

CNN  

CNN — Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Donald Trump follows through with his plans to add a steep 25% import tax on Canadian goods, people familiar with the matter told CNN. “I think we have to be ready,” said Melanie Joly, Canada’s foreign minister, during a press briefing in …

'The Joke Is Over': Canadian Leaders Condemn Trump's Talk On Canada Becoming A U.S. State
Trending News
2 months, 3 weeks ago

'The Joke Is Over': Canadian Leaders Condemn Trump's Talk On Canada Becoming A U.S. State

Huff Post  

LOADING ERROR LOADING TORONTO — President-elect Donald Trump’s comments that Canada should become the 51st state are no longer a joke and are meant to undermine America’s closest ally, Canada’s finance minister said Wednesday. “It’s a way for him, I think, to sow confusion, to agitate people, to create chaos knowing this will never happen.” Trump keeps floating the idea …

Canadian leaders say Trump’s talk about Canada becoming the 51st state isn’t funny anymore
Trending News
2 months, 3 weeks ago

Canadian leaders say Trump’s talk about Canada becoming the 51st state isn’t funny anymore

Associated Press  

TORONTO — U.S. President-elect Donald Trump’s comments that Canada should become the 51st state are no longer a joke and are meant to undermine America’s closest ally, Canada’s finance minister said Wednesday. “It’s a way for him, I think, to sow confusion, to agitate people, to create chaos knowing this will never happen.” Trump keeps floating the idea that Canada …

Alberta’s premier says Americans will pay a lot more for gas if Trump applies 25% tariffs on Canada
3 months, 1 week ago

Alberta’s premier says Americans will pay a lot more for gas if Trump applies 25% tariffs on Canada

Associated Press  

TORONTO — The premier of Canada’s oil-rich province of Alberta said on Thursday that Americans will pay a lot more for gas if President-elect Donald Trump imposes a 25% tariff on all Canadian products. Smith also noted that Canada has critical minerals the U.S. needs, and that China is banning the export of some minerals to the U.S. “The U.S. …

Canadian official threatens to cut off energy to the United States
Trending News
3 months, 2 weeks ago

Canadian official threatens to cut off energy to the United States

CNN  

CNN — Canada could retaliate against President-elect Donald Trump’s threatened tariffs by shutting down energy flows to the United States, a top Canadian official warned. Given that Ontario is not a major producer of crude oil, Ford’s threat appeared to specifically apply to electricity the United States imports from Canada. Ford’s comments also raise the specter of broader retaliation from …

After Trump's tariffs, Asia to benefit from cheaper oil from Canada & Mexico
4 months ago

After Trump's tariffs, Asia to benefit from cheaper oil from Canada & Mexico

Firstpost  

If US President-elect Doanld Trump imposes a 25% import tariff on crude from Canada and Mexico, producers may cut prices and redirect their supply to Asia, particularly China and India Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on …

Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn
4 months ago

Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn

Live Mint  

* Tariffs could raise US fuel prices by 10%, analysts say * Many refineries configured to run heavy Canadian grades * Midwest refineries most reliant on Canadian crude imports * Gulf Coast refiners have some capacity to import more OPEC oil By Shariq Khan and Nicole Jao NEW YORK, - U.S. President-elect Donald Trump's pledge to impose tariffs on Canada …

7 things about US-Canada trade ties as Trump threatens partners with 25% tariff
4 months ago

7 things about US-Canada trade ties as Trump threatens partners with 25% tariff

Firstpost  

Trump’s tariff announcement combines two of his cornerstone policies: protectionism and hardline immigration measures. However, experts argue that these tariffs would not only strain diplomatic ties but also inflict financial harm on US consumers and businesses reliant on cross-border trade President-elect Donald Trump has vowed to impose a 25 per cent tariff on goods from Canada and Mexico on his …

Forget shale: Canada’s oil sands are having their moment
9 months, 1 week ago

Forget shale: Canada’s oil sands are having their moment

Live Mint  

Canada’s oil sands were once the high-cost, dirty and unloved sibling to America’s fast-growing shale. Shares of the four largest Canadian oil-sands producers by market capitalization have gained an average of 37% over the past 12 months, outpacing an index of the largest U.S. energy companies by 19 percentage points. Over the same period, the four largest Canadian oil-sand producers …

Reliance buys its first Canadian crude from Trans Mountain pipeline: Report
11 months ago

Reliance buys its first Canadian crude from Trans Mountain pipeline: Report

Hindustan Times  

Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. Shell …

Canada says it can fight climate change and be a major global oil producer. Huge fires may force a reckoning
1 year, 4 months ago

Canada says it can fight climate change and be a major global oil producer. Huge fires may force a reckoning

LA Times  

Happy Cardinal, right, looks at what remains of his cabin, destroyed by wildfire, near Fort Chipewyan, Canada, on Sept. 3. But the seemingly endless fire season is putting a spotlight on two aspects of Canada that increasingly feel at odds: the country’s commitment to fighting climate change and its status as one of the world’s top oil and gas producers …

Canada to increase oil, gas exports amid push to displace Russia
3 years ago

Canada to increase oil, gas exports amid push to displace Russia

Al Jazeera  

Canada says move comes after European allies said they ‘need help’ as they ease dependence on Russian energy supplies. Canada plans to increase oil and gas exports this year by up to 300,000 barrels per day, the country’s natural resources minister has said, as nations seek to wean themselves off Russian energy supplies amid the war in Ukraine. Canada is …

Fact check: Despite claims of Trump-era ‘energy independence,’ the US never stopped importing foreign oil
3 years ago

Fact check: Despite claims of Trump-era ‘energy independence,’ the US never stopped importing foreign oil

CNN  

Washington CNN — The United States never stopped importing energy from foreign countries under President Donald Trump. In 2020, Trump’s last full year in office, the US imported about 7.9 million barrels per day of crude oil and petroleum products. Contrary to claims from Trump and other Republicans, Biden has not “shut down” American energy: US crude oil production in …

Canada’s pipeline through paradise: Concerns about an oil spill drive huge opposition against planned exports to China
10 years, 9 months ago

Canada’s pipeline through paradise: Concerns about an oil spill drive huge opposition against planned exports to China

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Harper claims the pipeline is essential to …

Canada's Harper Says His Country Is 'Held Hostage' By U.S. In Pipeline Debate
13 years, 2 months ago

Canada's Harper Says His Country Is 'Held Hostage' By U.S. In Pipeline Debate

NPR  

Canada's Harper Says His Country Is 'Held Hostage' By U.S. In Pipeline Debate Enlarge this image toggle caption Adrian Wyld/AP Adrian Wyld/AP In an interview with the CBC, yesterday, Canadian Prime Minister Stephen Harper had some harsh words for the United States and its side of the Keystone XL pipeline debate. "It's one thing in terms of whether Canadians, you …

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