US depends on Canadian oil, despite Trump's comments, Cenovus CEO says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2025
0mins
Source: Reuters
U.S.-Canada Oil Trade Dynamics: Despite President Trump's claims, the U.S. heavily relies on Canadian oil imports, with nearly 4 million barrels per day exported to the U.S., highlighting the intertwined energy systems of both countries.
Call for Regulatory Reform: Cenovus Energy's CEO emphasizes the need for Canada to diversify its exports and improve its relationship with the U.S., advocating for broad regulatory reforms rather than selective project fast-tracking in the oil and gas sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
