Tag: imports
Chinese, Australian ports jammed as demand for coal, iron ore soar
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]
Canadian energy imports growing again, oil biggest import – NEB
Crude oil largest contributor to energy imports into Canada Energy imports and exports are important and growing components of Canada’s international trade, according to a market snapshot from the National Energy Board. Although Canada exports far more energy than it imports, it still imports a considerable amount. As shown in the figure below, quarterly energy imports have […]
Canada’s electricity exports reach record levels in 2016, but revenue declines
B.C. accounted for 89% of Canada’s electricity imports in 2016 Canadian electricity export volumes increased 7 per cent to reach a record-high 73 terawatt-hours (TW.h) in 2016, according to the National Energy Board. Quebec remained Canada’s largest electricity exporter, followed by Ontario, British Columbia, and Manitoba, respectively. In 2016, these four provinces accounted for 95 per cent […]
Canadian oil producers relying more on US market
Rapid development of liquids-rich shale gas in the US reduced demand for Canadian natural gas The United States is a key market for energy producers from Canada, but the degree of US reliance varies, according to a National Energy Board press release. In 2016, 79 per cent of crude oil production was exported to the US – the […]
Chinese oil imports from Americas boosted as Middle East increases refining capacity
Chinese oil imports from US, Canada, Brazil reach all-time high in March Chinese oil imports from Brazil, Canada and the United States are expected to increase as the country’s largest crude buyer Sinopec, ensures crude supplies stability at a time when the Middle East is boosting its refining capacity and African producers are experiencing supply disruptions. […]
US biomass-based diesel imports increase 65%, set new record in 2016
Net imports of biomass diesel to remain largely unchanged at 800 million gallons in 2017 US imports of biomass-based diesel, which include biodiesel and renewable diesel, increased by 65 per cent in 2016 to reach a record level of 916 million gallons, according to the US Energy Information Administration. Increasing Renewable Fuel Standard (RFS) targets and […]
US ethanol exports rise 26% in 2016 to second-highest level on record
Brazil surpassed Canada as top destination for US fuel ethanol exports, receiving 267 million gallons in 2016 The United States exported more than 1 billion gallons (68,000 barrels per day) of fuel ethanol in 2016, an increase of 26 per cent from export levels in 2015, according to the US Energy Information Administration. US imports of […]
Coal exports/imports decline in 2016 as US remains net coal exporter
Great Falls, Montana; Honolulu, Hawaii; and San Juan, Puerto Rico, customs districts were only ones to see increase in imports during 2016 The United States remained a net exporter of coal in 2016, exporting 60.3 million short tons (MMst) and importing 9.8 MMst, according to the US Energy Information Administration. US coal exports fell for […]
Oil demand to 2018: Where could we be wrong?
Oil demand has been surprisingly strong over the last two years in India Global oil demand is in for a year of strong growth but given the delicate rebalancing in the oil market, even small changes to a forecast could have major implications for price, according to Wood Mackenzie. Wood Mackenzie highlight the factors that could have […]
Rising oil imports bump up US trade deficit to near five-year high
US trade deficit up by 9.6 per cent On Tuesday, the Commerce Department reported the US trade deficit grew 9.6 per cent to $48.5 billion. Rising oil prices and increased oil imports helped push the trade deficit to the nearly five-year high and points to slower growth in the first quarter of 2017. The Commerce Department […]
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