Chinese purchases of American oil are down -90% Y/Y, while Chinese purchases of Canadian oil are up +700% Y/Y.

Chinese purchases of American oil are down -90% Y/Y, while Chinese purchases of Canadian oil are up +700% Y/Y. That’s a $20B annual loss for the United States at $60/barrel. pic.twitter.com/Q4N1jzHWCF — Spencer Hakimian (@SpencerHakimian) April 16, 2025 https://www.bloomberg.com/news/articles/2025-04-16/china-pivots-from-us-to-canada-for-more-oil-as-trade-war-worsens?embedded-checkout=true

Fun facts about Canadian oil

The facts about Canada oil and how they depend on the US, not the other way around. This dude breaks it all down The facts about Canada oil and how they depend on the US, not the other way around …

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