U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

As Covid-19 depressed petroleum demand, the value of the energy trade between the United States and Canada fell sharply from 2019 to 2020, according to the U.S. Energy Information Administration (EIA).

Citing U.S. Census Bureau data, EIA said the value of domestic energy imports from Canada fell 31% in 2020 compared with the previous year. The statistical arm of the U.S. Department of Energy (DOE) also noted the value of U.S. energy exports to Canada was down 34% during the same period.

The total value of U.S. energy imports from Canada was $58 billion in 2020, equating to more than 20% of the value of all domestic imports from Canada, EIA said. Moreover, it noted that U.S. energy exports to Canada totaled $16 billion last year — the lowest level since 2016. Northbound energy...