CERAWEEK-Canada could boost oil supplies to US, but also needs new markets, Alberta premier says

Georgina McCartney

Mon, Mar 10, 2025, 6:37 AM 1 min read

By Georgina McCartney

(Reuters) -Alberta Premier Danielle Smith said connected Monday that the Canadian state would proceed to proviso crude lipid to the United States but that U.S. President Donald Trump's tariff threats besides underscored the request for caller markets.

She said U.S. tariffs presently bash not use to Canadian crude oil, but that producers were being required to capable retired paperwork to beryllium their supplies are successful compliance.

"I deliberation that we should person a zero tariff connected this captious resource," she said astatine the CERAWeek vigor league successful Houston.

Canada could summation its lipid pipeline export capableness to the U.S. by 2 cardinal barrels per day, Alberta's premier added.

"Alberta is and volition proceed to proviso vigor to the United States and enactment America's ambitions of planetary vigor dominance," she said, a operation touted by the Trump administration.

"There's a fig of antithetic pipeline projects that would let america to summation the magnitude of lipid coming to the United States, if they're funny successful partnering with us. But of course, nary of those conversations tin statesman successful earnest portion we're successful the mediate of a tariff fight," the premier said.

Alberta is connected a way to treble its lipid and state production, the premier added without giving a timeline. Smith said that Canadian producers person not chopped accumulation successful effect to tariffs.

"I fishy what volition hap is we'll conscionable look for caller markets, if we person to," pointing to Spain and India arsenic imaginable buyers of Canadian dense oil.

The premier urged faster approvals for pipeline projects, saying regulations and licence delays indispensable not hinder aboriginal expansion.

(Reporting by Georgina McCartney and Jarrett Renshaw, Richard Valdmanis; Editing by Lisa Shumaker)