U.S. Pushes for Priority Access to Canadian Oil — South Korea Drops Alberta Crude
South Korea did not wait for Washington to finish its demand before making its decision.
The announcement from Seoul came at 10:23 this morning.
A 15-year crude supply agreement with Alberta covering volumes that represent a significant portion of South Korea’s annual refinery requirements, long-term stable pricing, no political conditions attached, no sovereignty demands buried in the fine print, no priority access clauses requiring Korean buyers to accept terms set by a foreign government.
Just oil from Alberta flowing to Korean refineries for 15 years on terms both sides negotiated freely.
Washington demanded Canadian oil priority this morning. South Korea showed the world what Canadian oil looks like when it is offered without demands attached.
Donald Trump’s Canadian oil
