The U.S. Is Spoiled by Cheap Canadian Oil. That’s About to Change
10 months, 3 weeks 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

Canadian official threatens to cut off energy to the United States
Trending News
1 week, 4 days 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
3 weeks, 5 days 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
3 weeks, 5 days 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
3 weeks, 5 days 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 …

Reliance buys its first Canadian crude from Trans Mountain pipeline: Report
7 months, 3 weeks 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, 1 month 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
2 years, 9 months 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
2 years, 9 months 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 …

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