11-Fold Energy Challenge for Trump, Canada May Pay Price — Panjiva
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11-Fold Energy Challenge for Trump, Canada May Pay Price

Canada 532 Commodities 189 Energy - Conventional 478 Energy - Crude Oil 319 Energy - Refined Oil 205 Nigeria 4 Saudi Arabia 55 U.S. 5418 USMCA 462 Venezuela 70

President-elect Trump is committed making the U.S. a net exporter of energy. U.S. crude oil imports were 11 times its exports in the 12 months to November 30. While exports increased 44% on a year earlier in the three months including November, imports also increased 9% over the same period and a further 25% in December. Canada is the largest supplier – its exports climbed 25% in November, and oil makes up 14% of Canadian exports. That means oil will likely be a topic of discussion for the promised NAFTA renegotiation. Among other countries Venezuela suffered a 25% drop while a ...

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