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Aug 16, 2023 · The United States (U.S.) is the largest source of Canada’s imported crude oil. In 2022, 72% of Canada’s crude oil imports came from the U.S., compared to 66% in 2021. Canada imported nearly 26,000 b/d more from the U.S. in 2022 than in the prior year.
Jun 8, 2022 · 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 widest...
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.
- Production of crude bitumen and synthetic crude oil. According to the Raw Materials Price Index, the price of crude oil and bitumen was up 16.4% from December 2021, the smallest year-over-year rise since energy prices started to increase sharply that year.
- Production of finished motor gasoline and kerosene-type jet fuel. Production of renewable fuels was down 2.3% in December. Non-ethanol renewable fuels fell 10.5% compared with December 2021, while ethanol (-0.1%) was relatively unchanged.
- Production and export of natural gas. Amidst high levels of demand, prices were 30.8% higher in December compared with December 2021, according to the natural gas price index, but were unchanged compared with November 2022.
- Exports of electricity from Manitoba. Meanwhile, British Columbia's exports to the United States fell 46.1% compared with December 2021 as a result of decreasing exports to California.
Jan 4, 2023 · High crude oil prices led to lower U.S. gasoline demand as gasoline prices rose. Meanwhile, severe COVID-19 containment measures in China contributed to lower global petroleum demand. On December 8, the price of Brent crude oil reached the lowest 2022 price, at $75/b.
In March, according to the Raw Material Price Index, the price for crude oil and bitumen jumped 21.0% compared with February 2022, and 79.8% higher compared with March 2021, as the conflict in Ukraine and sanctions imposed on Russia caused major disruptions in energy markets.
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Country comparison, you can compare any two countries and see the data side by side. Here you have the comparison of Canada vs United States, Crude Oil Reserves (Million barrels)
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