Canada’s crude oil exports are experiencing strong growth, reinforcing the country’s role in global energy trade. In the first two months of 2025, tanker shipments surged to 618,000 barrels per day (bpd), reflecting a 59% increase compared to the same period in 2024. This expansion is largely driven by the successful completion of the Trans Mountain Pipeline extension, which began operations in May 2024.
The pipeline expansion significantly increased capacity from 300,000 bpd to 890,000 bpd, positioning Vancouver as a crucial hub for Canadian crude exports. Vancouver now accounts for 60% of crude shipments, up from the previous 10%-15%, facilitating greater trade opportunities with international markets.
The rise in exports has benefited Aframax and Panamax crude tankers, with Aframax vessels transporting 75% of shipments, including routes to Asia, while Panamax tankers primarily serve the U.S. market. Over half of the exported crude is destined for the U.S. West Coast, with Long Beach receiving more than 30% of shipments.
As Canada continues to expand its market reach, the energy sector is poised for further growth, with increasing exports expected to strengthen trade ties across North America, Asia, and beyond. This positive momentum highlights Canada’s role as a key player in global energy supply, contributing to economic stability and fostering international trade partnerships.
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