US oil imports from Canada hit record ahead of tariffs threat, EIA data shows
ReutersJan 8, 2025 4:06 PM
NEW YORK, Jan 8 (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.
(Reporting by Shariq Khan and Scott DiSavino in New York)
((Shariq.Khan@thomsonreuters.com; Twitter/X: @shariqrtrs; Office: (646) 261-7893;))
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Can Broadcom Deliver a Strong Q3 Earnings After Nvidia & Marvell Show Signs of Weakness?
TradingKey - Broadcom (AVGO.US), the leader in ASIC (application-specific integrated circuit) chips, will release its Q3 FY2025 earnings after the U.S. market close on September 4. After Nvidia and another key ASIC player, Marvell Technology, delivered underwhelming results, investors are looking toTradingKey
5 hours ago
U.S. August Nonfarm Payroll Preview: Risks Focus on Downward Revision of July Data
TradingKey - On 5 September 2025, the U.S. Department of Labour will release the August Non-Farm Payrolls report. The market widely expects August to see an addition of 75,000 non-farm jobs, roughly in line with July’s 73,000.TradingKey
5 hours ago
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
6 hours ago
[Reuters Analysis] China uses yuan as olive branch in US trade talks: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 3 (Reuters) - A notable trend this year has been the often-counterintuitive market reactions to U.S. President Donald Trump's efforts to upend many long-held economic norms. One of the biggest surprises has been the appreciation of China's yuan.The con...Reuters
10 hours ago
Eurozone August CPI Commentary: Will the Euro's Range-Bound Fluctuation Continue?
TradingKey - On 2 September 2025, the Eurozone released its inflation data for August. The headline Consumer Price Index (CPI) edged up to 2.1% from 2.0% in July, in line with market expectations; the core CPI remained unchanged from July at 2.3%, 0.1 percentage points higher than the market ...TradingKey
23 hours ago
Tradingkey
