{"id":441721,"date":"2026-01-29T22:26:07","date_gmt":"2026-01-29T22:26:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/441721\/"},"modified":"2026-01-29T22:26:07","modified_gmt":"2026-01-29T22:26:07","slug":"canada-shipped-a-record-share-of-oil-to-non-u-s-countries-in-november","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/441721\/","title":{"rendered":"Canada shipped a record share of oil to non-U.S. countries in November"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/VHMXR735LZHJZB3FPKX75227MY.jpg?auth=65459407f319dc5e2a85375c2d89de4a0fed18a6ec8e0026d2fdab843317a174&amp;width=600&amp;height=400&amp;quality=80&amp;focal=3572%2C2009\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">Crude oil tankers at the Trans Mountain Westridge Marine Terminal in Burnaby, B.C., in 2024. The federal government has stepped up its push to find non-U.S. markets for Canadian crude.DARRYL DYCK\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">The share of Canada\u2019s crude petroleum flowing to countries other than the United States hit an all-time high in November, topping the previous month\u2019s record, as the Trans Mountain pipeline boosted Canada\u2019s trade diversification efforts. <\/p>\n<p class=\"c-article-body__text text-pr-5\">But while the latest trade numbers from Statistics Canada show the pivot away from the U.S. is working, the gains elsewhere have not been enough to make up for slumping demand from south of the border.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Canada shipped 14.1 per cent of its crude to the rest of the world in November, with China alone accounting for 10 per cent of Canada\u2019s total oil exports that month. <\/p>\n<\/p>\n<p class=\"c-article-body__text text-pr-5\">By comparison, non-U.S. exports averaged just 3 per cent in 2023. In May, 2024, the newly expanded Trans Mountain carried its first shipment of oil from Alberta to the West Coast, fuelling export growth to Asia and other markets. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The federal government has stepped up its push to find non-U.S. markets for Canadian crude. This week, Energy Minister Tim Hodgson said it was a \u201c<a href=\"https:\/\/www.theglobeandmail.com\/business\/article-canada-india-energy-exports\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/business\/article-canada-india-energy-exports\/\">strategic blunder<\/a>\u201d that most Canadian energy exports flow to the U.S., adding that \u201cthe fastest-growing demand for energy in the world will be in India.\u201d <\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-canada-trade-deficit-november-gold-auto-statistics-canada\/\" rel=\"nofollow noopener\" target=\"_blank\">Canada\u2019s trade deficit widens in November on drop in gold, auto shipments<\/a><\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/article-canadians-us-travel-boycott-provinces-licence-plates\/\" rel=\"nofollow noopener\" target=\"_blank\">These provinces are boycotting U.S. travel the hardest<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">Canada hasn\u2019t directly shipped crude oil to India since mid-2024 and exports before then were sporadic, Statscan\u2019s numbers show, with bituminous coal accounting for almost all of Canada\u2019s meagre energy exports to the country. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The problem for Canada\u2019s oil diversification effort is that growing demand from other markets isn\u2019t filling the gap left by declining shipments to the U.S. From January to November, 2025, total oil exports to the U.S. fell by $13.3-billion, while during the same period demand from non-U.S. countries grew by $7.2-billion. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Decoder is a weekly feature that unpacks an important economic chart.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Crude oil tankers at the Trans Mountain Westridge Marine Terminal in Burnaby, B.C.,&hellip;\n","protected":false},"author":2,"featured_media":441722,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,14537,44],"class_list":["post-441721","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-chartoftheday","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/441721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=441721"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/441721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/441722"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=441721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=441721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=441721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}