Commodities and Futures News

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

01/08/2025

Less than a minute

2025.01.08 11:41

© Reuters. FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

NEW YORK (Reuters) – 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.

01/08/2025

Less than a minute

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