US oil imports from Canada hit record ahead of tariffs threat, EIA data shows

NEW YORK (Reuters) – U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to tariff imports.

U.S. crude oil imports from Canada rose by 689,000 barrels a day in the week ended Jan. 3 to 4.42 million barrels a day, the highest in records going back to June 2010, the EIA data showed.

This post is originally published on INVESTING.

  • Related Posts

    Oil rises 1% as cold snap drives winter fuel demand

    By Paul Carsten LONDON (Reuters) -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns. Brent crude…

    US Senate panel to hold hearings on Trump energy picks next week

    WASHINGTON (Reuters) – The U.S. Senate energy committee will hold nomination hearings for President-elect Donald Trump’s picks for energy roles on Tuesday and Wednesday next week, the panel’s chairman said…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil rises 1% as cold snap drives winter fuel demand

    • January 9, 2025
    Oil rises 1% as cold snap drives winter fuel demand

    US Senate panel to hold hearings on Trump energy picks next week

    • January 9, 2025
    US Senate panel to hold hearings on Trump energy picks next week

    Dollar climbs for third straight session, sterling slump continues

    • January 9, 2025
    Dollar climbs for third straight session, sterling slump continues

    UK government debt yields reach highest since 1998 as pound weakens

    • January 9, 2025
    UK government debt yields reach highest since 1998 as pound weakens

    Forex Account Management: Protect Your Money from Scams

    • January 9, 2025
    Forex Account Management: Protect Your Money from Scams

    Natural gas futures surge due to weather-driven demand and high LNG export flows

    • January 9, 2025
    Natural gas futures surge due to weather-driven demand and high LNG export flows