Canadian Oil Exports to the U.S. Jump With New Pipeline Startup
- Additional barrels offset lost supply after Hurricane Ida
- Canadian oil shipments top 4 million for third time since 2010
This article is for subscribers only.
Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline.
Weekly oil deliveries from America’s northern neighbor reached 4.04 million barrels day, the most since January, according to the Energy Information Administration. It’s only the third time the U.S. has imported more than 4 million barrels a day of Canadian crude since the agency began compiling weekly data in 2010.