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Increased oil exports reduces Canada’s trade deficit

Statistics Canada, Canada’s national statistics office, has reported that the country’s merchandise trade deficit has reduced significantly to US$278 million (C$370 million) from US$903 million (C$1.2 billion due to an increase in oil exports in December last year.

Saudi Arabia becomes top crude oil supplier to China

According to Chinese customs data carried out by Reuters, Saudi Arabia increased its crude exports to China by 47 percent in 2019, beating Russia who had held the position for three consecutive years up until 2018, as the top Chinese crude supplier for the first time in four years.
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