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China Boosts Canadian Crude Imports, Slashes U.S. Purchases

4/17/2025

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Summary

Story summary

Chinese refiners are significantly increasing imports of Canadian crude, cutting U.S. oil purchases by 90%.
A pipeline expansion in Western Canada enhances access to Alberta's oilsands.
In March, Chinese crude imports from Vancouver hit 7.3 million barrels, with April projections even higher.
U.S. oil imports by China plummeted from 29 million barrels in June to just 3 million.

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Story summary

Chinese refiners are significantly increasing imports of Canadian crude, cutting U.S. oil purchases by 90%.
A pipeline expansion in Western Canada enhances access to Alberta's oilsands.
In March, Chinese crude imports from Vancouver hit 7.3 million barrels, with April projections even higher.
U.S. oil imports by China plummeted from 29 million barrels in June to just 3 million.