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1. • • A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
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     Price gap on heavy Canadian oil tops $30 per barrel, widest ...

2. People also ask

   Is Canadian oil cheaper than US oil?

   • A cup of heavy oil extracted from Canadian oilsands is shown. Canadian oilsands crude always trades at a discount to more prized U.S. blends, but that price gap has widened in recent weeks. (Reuters) But that's no longer the case.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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   How much crude oil does the US import from Canada?

   • Crude oil. U.S. crude oil imports from Canada in 2022 averaged 3.7 million barrels per day (b/d) by volume—nearly unchanged from 2021. The value of U.S. imports of crude oil from Canada increased 38% in 2022 to $113 billion. Canada is a key source of U.S. crude oil imports, accounting for 60% of crude oil imports into the United States in 2022.

   Higher energy prices push United States energy trade with Canada to

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   Is the US buying Canadian oil in record quantities?

   • The United States is buying Canadian oil in record quantities. In November, the U.S. imported 4.36 million barrels of Canadian crude a day, overtaking previous highs in 2019, according to figures published by the U.S. government last week.

   The U.S. is buying a lot of Canadian oil - The Globe and Mail

   www.theglobeandmail.com/business/article-the-us-is-buying-a-lot-of-canadian-oil/

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   How much crude oil is exported to Canada in 2022?

   • U.S crude oil exports to Canada averaged 305,000 b/d by volume in 2022, a slight decline from 2021. By value, U.S crude oil exports increased by 43% in 2022, totaling $11.9 billion. U.S. crude oil exports to Canada are typically low-density and low-sulfur crude oil grades shipped to Eastern Canada.

   Higher energy prices push United States energy trade with Canada to

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   How much energy does the US import from Canada?

   • The value of U.S. energy imports from Canada totaled $156.3 billion when adjusted for inflation, and the inflation-adjusted value of U.S. energy exports to Canada was $33.8 billion. Crude oil. U.S. crude oil imports from Canada in 2022 averaged 3.7 million barrels per day (b/d) by volume—nearly unchanged from 2021.

   Higher energy prices push United States energy trade with Canada to

   www.eia.gov/todayinenergy/detail.php?id=57380

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   Why are oil prices so low in Canada?

   • Russian President Vladimir Putin's decision to invade Ukraine has wreaked havoc on oil prices around the world. (Andrey Rudakov/Bloomberg) Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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3. www.cbc.ca › news › businessOil prices are rising, but Canada is getting comparatively ...

   www.cbc.ca › news › business

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   Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...

4. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness....

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     Oil prices will come down with incremental supply from U.S. and Canada in Q4, says Citi's Ed Morse

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6. www.cbc.ca › news › businessPrice gap on heavy Canadian oil tops $30 per barrel, widest ...

   www.cbc.ca › news › business

   • Cached

   Oct 14, 2022 · A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a...

7. www.theglobeandmail.com › business › article-the-usThe U.S. is buying a lot of Canadian oil - The Globe and Mail

   www.theglobeandmail.com › business › article-the-us

   • Cached

   Feb 8, 2024 · The United States is buying Canadian oil in record quantities. In November, the U.S. imported 4.36 million barrels of Canadian crude a day, overtaking previous highs in 2019, according to...

8. www.theglobeandmail.com › business › industry-newsOil prices steady with U.S. inflation data in focus - The ...

   www.theglobeandmail.com › business › industry-news

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   4 days ago · Brent futures for August settlement were down 20 cents at $85.81 a barrel by 0925 GMT after gaining 0.9 per cent on Monday. U.S. crude futures dipped by 18 cents to $81.45 after rising 1.1 per ...

9. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...

10. www.eia.gov › todayinenergy › detailHigher energy prices push United States energy trade with ...

    www.eia.gov › todayinenergy › detail

    • Cached

    Aug 14, 2023 · U.S crude oil exports to Canada averaged 305,000 b/d by volume in 2022, a slight decline from 2021. By value, U.S crude oil exports increased by 43% in 2022, totaling $11.9 billion. U.S. crude oil exports to Canada are typically low-density and low-sulfur crude oil grades shipped to Eastern Canada. U.S. crude oil imports from Canada tend to be ...