{"id":476298,"date":"2021-04-14T09:18:16","date_gmt":"2021-04-14T13:18:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cer-analysis-shows-the-u-s-continues-to-be-major-supplier-of-oil-to-canada-while-imports-dropped-in-2020\/"},"modified":"2021-04-14T09:18:16","modified_gmt":"2021-04-14T13:18:16","slug":"cer-analysis-shows-the-u-s-continues-to-be-major-supplier-of-oil-to-canada-while-imports-dropped-in-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cer-analysis-shows-the-u-s-continues-to-be-major-supplier-of-oil-to-canada-while-imports-dropped-in-2020\/","title":{"rendered":"CER analysis shows the U.S. continues to be major supplier of oil to Canada while imports dropped in 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">CALGARY, Alberta, April  14, 2021  (GLOBE NEWSWIRE) &#8212; The United States supplied nearly four out of every five barrels of oil imported into Canada in 2020 while crude imports fell 20 percent due to lower demand during the COVID-19 pandemic, according to the latest analysis from the Canada Energy Regulator (CER).<\/p>\n<p align=\"left\">Imports of crude oil decreased to 555,000 barrels per day (b\/d), down from 693,000 b\/d in 2019 with 77 per cent of total crude imports coming from the U.S. in 2020, up from 72 per cent in 2019. Of the remaining crude imports, 13 per cent came from Saudi Arabia, four per cent from Nigeria, three per cent from Norway, and the remainder from several other countries.<\/p>\n<p align=\"left\">While Canada exports nearly 6.5 times more oil than it imports, it still relies on oil imports to feed refineries in the Atlantic Provinces, Quebec and Ontario. Less than one third of Canadian crude oil is processed by Canadian refineries for a variety of reasons, such as lack of pipeline access to domestic supplies, specific product requirements of refineries, or because it costs less to import.<\/p>\n<p align=\"left\">Most of the oil Canada imports is transported by marine tanker and pipeline, with small volumes being imported by rail.<\/p>\n<p align=\"left\">The CER produces neutral and fact-based energy analysis to inform the energy conversation in Canada. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jUdIsgZAnDlSzF52Wa_OZMQNOn7T6dSJjah_QMkfUh2h08_RrVnfIBOo3XVHr8rkT0iiRmZeUGJ21qf1CQ3RD2FlE2aSKNpry64jHqw8ffLTUD1FAbwA4Zq7zTlm5CsNiIAGrdrho-o-PexqE0xLraRR--u1rE8LDQon5m45zHEhLlzf5RBoB6pxA6VDS8194DFFEBYupVKWJiDkQTX56e09mnSGN26P-8cOlXwVq6XsDdpdxcbzWBlUCyQFq6mbL7IE32AKsixu12SK3VhFmFxLQFvp8paC29UWQoTsXPI=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Market Snapshots<\/u><\/a> are part of a portfolio of publications on energy supply, demand and infrastructure that the CER publishes regularly as part of its ongoing market monitoring.<\/p>\n<p align=\"left\">\n        <strong>Quick Facts<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>The total cost of imported oil fell 40 per cent over the previous year to $11.5 billion, reflecting the lower volumes and decline in global crude prices.\n<\/li>\n<li>Imports into Newfoundland and Labrador decreased from 106 Mb\/d to 29 Mb\/d in 2020, and all came from the U.S. while costs decreased to $77.87 per barrel.\n<\/li>\n<li>Imports into New Brunswick decreased in 2020 to 245 Mb\/d from 278 Mb\/d, half of which came from the U.S. while costs decreased to $58.89 per barrel.\n<\/li>\n<li>Imports into Quebec decreased from 203 Mb\/d to 153 Mb\/d in 2020, and all came from the U.S. while costs decreased to $52.92 per barrel.\n<\/li>\n<li>Imports into Ontario decreased from 97 Mb\/d to 43 Mb\/d, and all came from the U.S. in 2020. Costs decreased to $53.37 per barrel.<\/li>\n<\/ul>\n<p align=\"left\">\n        <strong>Quotes<\/strong>\n      <\/p>\n<p align=\"left\">\u201cThe source for Canada\u2019s crude oil imports has changed dramatically over the past decade. The United States has moved from a bit player in 2010 to a major supplier today, with the majority of oil imported into Canada coming from our southern neighbour.\u201d<\/p>\n<p align=\"left\">\n        <strong>Darren Christie<\/strong><br \/>\n        <br \/>\n        <strong>Chief Economist<\/strong><br \/>\n        <br \/>\n        <strong>Canada Energy Regulator<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>Associated Links<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <a href=\"https:\/\/www.cer-rec.gc.ca\/en\/data-analysis\/energy-markets\/market-snapshots\/2021\/market-snapshot-crude-oil-imports-decreased-in-2020-and-so-did-the-cost.html\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n            <u>Market Snapshot: Crude oil imports decreased in 2020, and so did the cost<\/p>\n<p><\/u><br \/>\n          <\/a>\n        <\/li>\n<li>\n          <a href=\"https:\/\/www.cer-rec.gc.ca\/en\/data-analysis\/energy-markets\/market-snapshots\/2020\/market-snapshot-refineries-are-reducing-production-due-lower-oil-demand-during-covid-19-pandemic.html\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n            <u>Market Snapshot: Refineries are reducing production due to lower oil demand during the COVID-19 pandemic<\/p>\n<p><\/u><br \/>\n          <\/a>\n        <\/li>\n<li>\n          <a href=\"https:\/\/www.cer-rec.gc.ca\/en\/data-analysis\/energy-markets\/market-snapshots\/2020\/market-snapshot-how-does-early-2020-crude-oil-price-drop-compare-other-historic-events-in-global-crude-oil-markets.html\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n            <u>Market Snapshot: How does the early 2020 crude oil price drop compare to other historic events in global crude oil markets?<\/p>\n<p><\/u><br \/>\n          <\/a>\n        <\/li>\n<li>\n          <a href=\"https:\/\/apps2.cer-rec.gc.ca\/imports-exports\" rel=\"nofollow noopener\" target=\"_blank\">Imports and Exports of Energy Products Data Visualization<\/a>\n        <\/li>\n<\/ul>\n<p align=\"left\">\n        <em>The Canada Energy Regulator (CER) works to keep energy moving safely across the country. We review energy development projects and share energy information, all while enforcing some of the strictest safety and environmental standards in the world. To find out how the CER is working for you <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AiaPOwyls_R8tPGrCfE92XtQjBINQD06uGhHG7R5sLpT3SCZoHoWpi_8w3fES4ajmIWOXFcJDpb1GkGXT3RIsLPamhgJczW89b91o8-nDYQ=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <em><br \/>\n            <u>visit us online<\/u><br \/>\n          <\/em><br \/>\n        <\/a><br \/>\n        <em> or <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mwrnv3ja4zcoDFxRvjC9DYYZPVoGavtlqYcaX0Vo3FWXK2RWzoWZxn6QnzJxCf3KEppyuHaNrgfO3T5ZagbUL8_5vxN1de38gfqMwFsArpc=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <em><br \/>\n            <u>connect on social media<\/u><br \/>\n          <\/em><br \/>\n        <\/a>\n      <\/p>\n<p align=\"left\">\n        <strong>Contacts<\/strong>\n      <\/p>\n<p align=\"left\">Karen Ryhorchuk<\/p>\n<p> Communications Officer<\/p>\n<p> Canada Energy Regulator<\/p>\n<p><strong>Email:<\/strong><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dugXHoKv_283ARcUYr8vYfrW-B62ZrKPbmCZwcSAqhwK_c5MRMVvv7ifwBJqI6Aj4q6nmcmKCn-wyJCruftJSbIbAHRubCGAvoo0gloVdaKNGdNwmB20i63ifVvShgKg\" rel=\"nofollow noopener\" target=\"_blank\">Karen.Ryhorchuk@cer-rec.gc.ca<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_VJRyAzxC13SouZaIWx9ILvAnh0agzn0wO21e51sMAEkKajrRb7k_3vj6d9ipyUBQfuD2m22TOzhblDWyjgaAg==\" rel=\"nofollow noopener\" target=\"_blank\"><br \/><\/a><\/u><br \/><strong>Telephone:<\/strong> 403-671-9756<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNjkzMCM0MTIwODc0IzUwMDA3OTMyNg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/85432ec1-fdb4-4104-922e-182bed3c025f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY, Alberta, April 14, 2021 (GLOBE NEWSWIRE) &#8212; The United States supplied nearly four out of every five barrels of oil imported into Canada in 2020 while crude imports fell 20 percent due to lower demand during the COVID-19 pandemic, according to the latest analysis from the Canada Energy Regulator (CER). Imports of crude oil decreased to 555,000 barrels per day (b\/d), down from 693,000 b\/d in 2019 with 77 per cent of total crude imports coming from the U.S. in 2020, up from 72 per cent in 2019. Of the remaining crude imports, 13 per cent came from Saudi Arabia, four per cent from Nigeria, three per cent from Norway, and the remainder from several other countries. While Canada &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cer-analysis-shows-the-u-s-continues-to-be-major-supplier-of-oil-to-canada-while-imports-dropped-in-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CER analysis shows the U.S. continues to be major supplier of oil to Canada while imports dropped in 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-476298","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CER analysis shows the U.S. continues to be major supplier of oil to Canada while imports dropped in 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cer-analysis-shows-the-u-s-continues-to-be-major-supplier-of-oil-to-canada-while-imports-dropped-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CER analysis shows the U.S. continues to be major supplier of oil to Canada while imports dropped in 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CALGARY, Alberta, April 14, 2021 (GLOBE NEWSWIRE) &#8212; The United States supplied nearly four out of every five barrels of oil imported into Canada in 2020 while crude imports fell 20 percent due to lower demand during the COVID-19 pandemic, according to the latest analysis from the Canada Energy Regulator (CER). Imports of crude oil decreased to 555,000 barrels per day (b\/d), down from 693,000 b\/d in 2019 with 77 per cent of total crude imports coming from the U.S. in 2020, up from 72 per cent in 2019. Of the remaining crude imports, 13 per cent came from Saudi Arabia, four per cent from Nigeria, three per cent from Norway, and the remainder from several other countries. 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Imports of crude oil decreased to 555,000 barrels per day (b\/d), down from 693,000 b\/d in 2019 with 77 per cent of total crude imports coming from the U.S. in 2020, up from 72 per cent in 2019. Of the remaining crude imports, 13 per cent came from Saudi Arabia, four per cent from Nigeria, three per cent from Norway, and the remainder from several other countries. 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