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Jun 12, 2024 · In 2023, 72.4% of Canada’s oil imports originated from the U.S., compared to 72.0% in 2022 and 65.7% in 2021. Most of the crude oil imported from the U.S. comes from the Gulf Coast at 68.8% in 2023, followed by the Midwest regions at 30.1%. 3. Nigeria was the second largest supplier of imported crude oil in 2023 at almost 13% of Canada’s ...
- CER – Market Snapshot: Crude oil imports decreased in 2020 ...
The total cost of all imported crude oil was $11.5 billion...
- Market Snapshot: Crude Oil Imports Declined in 2022, While ...
In 2022, 72% of Canada’s crude oil imports came from the...
- CER – Market Snapshot: Crude oil imports decreased in 2020 ...
745,000 barrels per day over the period. Crude oil imports into Canada more than doubled between 1988 and 2008, increasing from 148 million barrels to nearly 329 million barrels annually. Since 2008, crude oil imports to Canada have fallen by about 37 percent, yet at over 206 million barrels in 2020, they remain nearly 39 percent above the
- Figure 1. Countries Canada Imports Crude Oil from
- Figure 2. Origin and Cost of Crude Oil Imported to Eastern Provinces
- Figure 3. Weekly Refinery Crude Utilization by Region
Imports by region
In 2020, all of the eastern Canadian importing provinces imported less oil compared to 2019. The primary reason for the drop in imports during 2020 was related to COVID-19, as refineries processed less crude oil due to lower demand for refined petroleum products (e.g. gasoline and jet fuel) during the COVID-19 pandemic. Additionally, Newfoundland and Labrador’s crude oil imports dropped by more than 70% because of the idling of the Come by Chance Refineryin March 2020. The Come by Chance Refi...
Cost of imported oil
Generally, imported oil is more costly than Canadian crude oil transported by pipeline. The total cost of all imported crude oil was $11.5 billion in 2020, a drop of 40% from 2019 when the cost was $18.9 billionFootnote 2. This is due to both the 20% decline in imported volumes, and the decline in global crude prices due to OPEC+ actions and COVID-19market impacts. Newfoundland and Labrador had the highest import cost per barrel of crude oil in 2020 and throughout recent years. Newfoundland a...
Recovery of refinery utilizations
When the COVID-19 pandemic hit, refineries in all regions of Canada were materially impacted. Western Canadian refineries were impacted less than refineries in Ontario, Quebec, and Atlantic Canada. These western refineries, and to a lesser extent those in Ontario, made substantial recoveries by the end of 2020. Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada. As a result,...
Cost of imported oil
In 2020, Canada reduced its reliance on imports, especially non-U.S. imports. Overall, Canada imported less crude oil in 2020 than 2019 largely due to the impacts of the COVID-19 pandemic in reducing refinery demand. The cost of the total oil imported also declined substantially, as not only were import volumes lower, but global prices dropped early in the pandemic. Newfoundland and Labrador has been impacted most with the idling of the Come by Chance refinery, leaving the province without a...
Aug 16, 2023 · 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. Most of the crude oil imported from the U.S. comes from the Gulf Coast, followed by the Midwest regions. 2. In 2022, Canada imported 9,000 b/d more crude oil from Saudi ...
May 31, 2024 · Largest oil refineries by capacity in Canada as of 2023 (in 1,000 barrels per day) ... Crude oil imports to Canada in 2022, by region of origin (in million metric tons)
This entry brings together more than 30-years of Canada’s energy import and export data updated on a quarterly basis. Energy import and export data for electricity, crude oil, natural gas, natural gas liquids and refined petroleum products is included. The data provided below is what is used in the visualization tool on the Canada Energy ...
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Feb 2, 2024 · Published by Statista Research Department, Feb 2, 2024. The United States imported nearly 3.8 million barrels of crude oil from Canada every day in 2022. This was a slight increase compared to the ...
