Prime Minister Mark Carney proposed increasing Canadian oil exports to the U.S.by three to four million barrels annually during fall 2025 trade talks, according to U.S.Ambassador Pete Hoekstra.The offer was part of a 'preliminary' trade agreement discussed between Carney and former President Donald Trump in October 2025.Hoekstra noted that U.S.officials were eager for the deal but advised restraint during negotiations.

Despite initial enthusiasm, trade talks were suspended after Trump cited an Ontario advertisement featuring Ronald Reagan as a reason for termination.Resumption of discussions occurred in spring 2026 with new Canadian and U.S.trade ministers leading the effort.

Hoekstra emphasized Canada's strategic importance as an oil supplier, highlighting Saskatchewan and Alberta provinces as key regions for future exports.Current Canadian oil exports stand at 4.5 million barrels daily, accounting for 65% of U.S.imports.The article also mentions ongoing pipeline projects like Bridger Pipeline, which could increase U.S.imports by 12% if approved in mid-2027.The ambassador's comments underscore the growing economic interdependence between Canada and the U.S.in energy markets.