9,232.90 TRY BIST 100 BIST 100
4.80 CNY CNY CNY
34.54 USD USD USD
36.59 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.23 TRY Interest Interest
73.29 USD Fossil Oil Fossil Oil
31.14 USD Silver Silver
4.16 USD Copper Copper
98.95 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,923.26 TRY Gold (gr) Gold (gr)

Canada to increase oil exports as an alternative to Russia

Canada has announced that it will increase its oil exports by about five percent to address the supply shortages faced by its allies, which have avoided the Russian energy sector after Russia's war on Ukraine.

Canada to increase oil exports as an alternative to Russia

According to the statement made by the Canadian Ministry of National Resources, Minister of National Resources Jonathan Wilkinson attended the International Energy Agency (IEA) Ministerial Meeting in Paris, the capital of France, to help ensure international cooperation on global energy security and the transition to a net zero emissions economy.

"Our European friends and allies need Canada and others to step up. They say they need our help to get rid of Russian oil and gas in the short term while accelerating the energy transition on the continent. Canada is uniquely positioned to help both," Wilkinson said at the meeting. We will continue to work with our international partners to support international energy markets and accelerate the energy transition." used the phrases.

Canada, the world's fourth largest oil producer, announced sanctions on this country in the field of oil and energy after Russia's war against Ukraine.

Canada's response to increasing international calls to replace Russian oil and gas is not specified in the statement, but oil exports are expected to increase by about five percent in the first place.

Discussions over the security of energy supply have accelerated in recent weeks as Moscow faces heavy economic sanctions and growing pressure from global importers to halt Russian oil and gas trade.

The IEA had announced that oil markets could lose three million barrels a day of Russian crude and refined products from April.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Swiss Steel Group board changes

Thursday, October 31, 2024

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Analysis of last week's market situation

Monday, October 28, 2024

Salzgitter AG appoints Denecke-Arnold as new president of Salzgitter Flachstahl

Tuesday, October 22, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now