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China has become the main buyer of Canadian oil


China has become the main buyer for oil exported through the Canadian oil pipeline, replacing the expected American market. In one year, Beijing began to receive about 207,000 barrels per day, compared to the average of 7,000 barrels of the previous decade. This is due to customs restrictions on customs restrictions on Chinese President Donald Trump, to reduce dependence on Russian and Venezuelan oil.

Trans Mountain's Advanced Oil Patflower is already transporting up to 890,000 barrels of oil per day to the Canadian Pacific Coast, opening new export paths to Asia. Although the United States remains large consumers, its share is lower than the new oil pipeline, 173,000 barrels per day. Political experts note that Beijing also tries to avoid Western sanctions, increasing the demand for stable and diversified supplies.

In 2024, Canadian oil exports increased by almost 60% to the United States, reaching a record 183,000 barrels. Now Canada is more and more considering Asia as a priority market, and the possible next expansion of Pipeline will largely go to the region, Reuters reports.

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