Asia to Take 70% of Canadian Oil
Asia is expected to purchase 70 percent of Canadian crude oil exports following planned pipeline expansions by the end of 2028. Middle East supply disruptions have driven rising Asian demand for Canadian energy supplies.
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Asia will absorb 70% of Canada's crude exports as pipeline capacity expands by 300,000 barrels per day through late 2028, a senior industry executive said Tuesday morning. The shift follows supply disruptions across the Middle East. Canada's expanded export route aims to capture growing demand in key Asian markets.
