Canada's 2020 crude oil imports drop by 20% due to weak demand due to COVID-19

Foreign news on April 14th, the analysis report released by the Canadian Energy Agency on Wednesday showed that Canadian crude oil imports in 2020 fell by 20% year-on-year, due to weak demand due to the new crown epidemic
.

Canada imported 555,000 barrels/day of crude oil last year, the lowest level in at least a decade, lower than 693,000 barrels/day in 2019 and more than 800,000 barrels/day in 2010
.

The total cost of imported oil in 2020 fell by 40% year-on-year to 11.
5 billion Canadian dollars (9.
18 billion US dollars), reflecting the decline in imports and the sharp drop in global crude oil prices
.

Canada is the world's fourth largest producer of crude oil, with exports of around 3.
7 million barrels per day, but most of its output comes from the western province of Alberta
.

Canada still imports some crude oil to serve the eastern Canadian oil refineries.
Due to the lack of pipelines to connect the western supply, different refineries have different requirements for products, and imports are relatively cheap
.

In its analysis report, CER stated: “Compared with refineries in other regions of Canada, the recovery of refineries in Quebec and the main importing regions of Atlantic Canada after being affected by the epidemic has been slower
.

CER said that this is due to the stricter travel restrictions in Quebec and Atlantic Canada than in western provinces, and weak demand for refined oil exports from refineries in Atlantic Canada
.

Data show that the proportion of imported crude oil from the United States has increased to 77%, compared with 72% in the previous year
.