Reported about 8 hours ago
According to Enbridge's CEO Greg Ebel, tariffs on Canadian oil would need to remain in effect for many years to effectively alter the crude oil imports the U.S. receives from Canada. He emphasized the deep integration of both nations' energy systems and the challenges of finding alternative sources for supply and demand. Ebel's comments followed the announcement of new tariffs by U.S. President Donald Trump, with most Canadian goods facing a 25% tariff and energy products a 10% tariff. Despite potential impacts on pricing, the long-standing demand for Canadian crude in the U.S. is likely to continue.
Source: YAHOO