China Imports Record Amounts of Canadian Oil, Cuts US Purchases
17 Articles
17 Articles
Canada Removes Business from Oil to Trump: Crude Imports to China ‘Fire’ · Global Voices
Chinese refineries are importing record quantities of Canadian crude oil after drastically reducing U.S. oil purchases by about 90 percent in the middle of the tariff ‘war’ with Donald Trump.The expansion of a pipeline in western Canada, inaugurated less than a year ago, has given China and other East Asian oil importers greater access to the vast oil reserves of the oil sand region of Alberta.Chinese crude imports from the port at the pipeline …
China Slashes US Oil Imports By 90% Amid Trump Tariffs, Turns To Canada Instead - Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM)
China reduces US oil imports by 90%, turns to Canadian crude amid trade tensions. US-China conflict has potential to shift global oil market dynamics.
China Boosts Canadian Oil Imports as Trade War With US Intensifies
Chinese refiners have slashed US oil purchases by 90% while importing record volumes of Canadian crude, as trade tensions between the world’s two largest economies continue to worsen. Chinese crude imports from Canada hit an unprecedented 7.3 million barrels in March and are expected to exceed that figure in April, according to data from Vortexa Ltd, which tracks waterborne oil shipments. Simultaneously, Chinese imports of US oil have collapsed …
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