Canada commits to additional 200,000bl/d of crude
The country will pipe more oil, as well as more gas, to its southern neighbour by year-end
“I think there is a consensus” in moving away from Russian oil and gas, Canadian natural resources minister Jonathan Wilkinson told UK state broadcaster the BBC from Paris, where he was attending an IEA meeting for global energy ministers in late March. “The only differences are around how fast can you actually get away from it,” he says. From his country’s perspective, he is promising more oil and gas than originally planned by the end of the year. “We will be increasing our production and flow through the pipelines of an extra c.300,000bl/d oe by the end of the year, in line with what the Americans are doing and the Brazilians have also announced,” the minister continues. “We are also look
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment