• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 2 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 8 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 20 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 1 day NordStream2
  • 5 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 5 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 5 days Modest drop in oil price: SPRs vs US crude inventory build
  • 1 day "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 6 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 5 days 2019 - Attack on Saudi Oil Facilities.
Oil Prices Crash On New Covid Fears

Oil Prices Crash On New Covid Fears

Oil prices crashed on Friday…

OPEC Misses Its Oil Production Target Once Again

OPEC Misses Its Oil Production Target Once Again

OPEC raised its production in…

Oil & Gas 360

Oil & Gas 360

From our headquarters in Denver, Colorado, Oil & Gas 360® writes in-depth daily coverage of the North American and global oil and gas industry for…

More Info

Premium Content

U.S. Energy Imports From Canada Now Value $53 Billion

The EIA outlined the United States’ energy trade with Canada in a note today, profiling the U.S.’s primary energy trade relationship. According to the Census Bureau, energy accounted for about 5 percent of the value of all U.S. exports to Canada and more than 19 percent of the value of all U.S. imports from Canada in 2016. For 2016, the value of U.S. energy imports from Canada was $53 billion, while the value of U.S. energy exports to Canada was $14 billion.

(Click to enlarge)

Source: EIA

The majority of U.S. energy imports from Canada are in the form of crude oil, according to the EIA. Canada is by far the largest source of U.S. crude oil imports, providing 41 percent of total U.S. crude oil imports in 2016. The volume of crude imports has increased since 2014, from around 90 MMBBL/month to around 110 MMBBL/month. The value of these imports has decreased, however, from $83 billion in 2014 to $36 billion in 2016.

Virtually all U.S. crude oil exports went to Canada until the export ban was lifted in 2013. Since this time the U.S. has significantly increased exports to other countries. Canada remains the primary export destination, though, receiving 58 percent of U.S. crude oil exports in 2016.

(Click to enlarge)

Source: EIA

The trade in petroleum products between the two nations is relatively balanced, with imported and exported values and volumes similar. The specific products exported and imported by the U.S. is quite different, though. The U.S. imports primarily gasoline from eastern Canada for markets in the northeast. Little of the United States’ exports to Canada are gasoline, instead pentanes plus, LPG and other oils dominate. Related: Exxon Betting Big On U.S. Shale

The vast majority of U.S. natural gas imports, 97 percent, come from Canada. The U.S. imported 8 Bcf/d in 2016, according to the EIA. Western Canadian gas is transported via pipeline to the West, Midwest, and Northeast. The U.S. does export some natural gas to Canada, mostly to Ontario and Quebec, but only about 2 Bcf/d in 2016.

The rise of the Marcellus and Utica, though, has had a significant effect on the U.S. natural gas trade balance. The northeast states are much less dependent on Canadian gas, and may export increased volumes in the future.

By Oil and Gas 360

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News