China Buys Oil from Canada, Cuts Down on US Oil Purchases
China has begun importing record amounts of Canadian crude oil while slashing purchases of US oil by roughly 90% amid a growing trade war. A pipeline expansion in Western Canada has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region. The deal resumes China’s oil imports while allowing the country to avoid making a new oil deal with the USA. JUST IN: China is importing record amounts of Canadian oil after cutting US purchases by 90% amid trade war. pic.twitter.com/H14ud0ZW7q — Watcher.Guru (@WatcherGuru) April 16, 2025 According to data from Vortexa Ltd., Chinese crude imports from the port at the pipeline terminus near Vancouver surged to 7.3 million barrels in March. On the flip side, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June. “Given the trade war, it’s unlikely for China to import more US oil,” Wenran Jiang, president of the Canada-Chi...