Story thread · 2 reports / 2 sources

Canada’s Asia-Bound Oil Skips California to Counter Surging Freight Rates

bloomberg.com · 4h · first reportShare

Canadian crude shipments are bypassing a pit stop off the California coast and heading straight to Asia as skyrocketing shipping rates make the detour less economical and the nation’s oil producers look to reduce dependence on the US during an ongoing trade war.