Sunday, April 28, 2019

OIL IMPORTS FROM SAUDI ARABIA RISING

  Canada's oil imports from Saudi Arabia have been rising steadily for the past five years, according to Statistics Canada trade data reviewed by CBC News, and a festering diplomatic spat with the kingdom appears not to have had any significant impact on Canada's appetite for Riyadh's crude.
  The total volume of Canadian imports from Saudi Arabia has increased by 66 per cent since 2014, with imports rising every year during that period.
  Last year, Canadian companies spent $3.54 billion importing 6.4 million cubic metres of Saudi oil, up from 5.9 million cubic metres worth $2.5 billion in 2017, before the dispute started in August 2018.

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