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In 2022, Canada accounted for 60% of crude oil imports to the U.S. while 10% of crude oil came from Mexico, according to the U.S. Energy Information Administration.
Mexico and Canada responded to the U.S. trade action with a 25% tariff against $155 billion worth of American goods as trade war kicks off next week.
“Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China,” Trump said in a message posted to Truth Social on ...
President Trump made good on his campaign promise and enacted steep tariffs on the country’s top three trading partners Saturday. Trump hit Canada and Mexico with a 25 percent import tax and ...
Since it is Canada's largest oil producing province, Alberta is the hub of Canadian crude oil pipeline systems. About 415,000 kilometres (258,000 mi) of Canada’s oil and gas pipelines operate solely within Alberta’s boundaries and fall under the jurisdiction of the Alberta Energy Regulator.
The Canadian Crude Oil Index (CCI) serves as a benchmark for oil produced in Canada. [1] It allows investors to track the price, risk, and volatility of the Canadian commodity. [1] The CCI was launched by Auspice Capital Advisors in 2014. [2] The Index moved from a day end posting to live in January 2016. [1]
From 2008 through 2018, Western Canadian Select (WCS), Canada's benchmark for heavy crude oil sold at an average discount of US$17 against the benchmark for light oil, West Texas Intermediate (WTI). This widened to a record US$50 in the fall of 2018 with the price of WCS hitting a record low of less than US$14 a barrel.
(Reuters) -U.S. President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl ...