Alberta, Canada's main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savage, said on Sunday.
Alberta has some spare pipeline and rail capacity and can move more oil to the United States, Savage said in Houston ahead of the CERAWeek energy conference by S&P Global. Oil prices in Monday trading in Asia have soared to $128 per barrel, up from about $83 per barrel in January.
"We are the solution, not Venezuela and others," Savage told Reuters, an apparent reference to U.S. sending a delegation to Caracas last week to discuss an easing of U.S. oil sanctions.She also said it was "unconscionable" for any nation to be buying Russian crude oil or refined products in light of its invasion of Ukraine.
Oil buyers have been shunning oil cargoes from Russia, one of the world's largest petroleum exporters. Russia exports 4-5 million barrels per day of oil and 2-3 million bpd of refined products.Canada last week banned Russian crude oil imports and agreed to supply anti-tank weapons to Ukraine to counter the Russian invasion.Register now for FREE unlimited access to Reuters.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Canada Grounds Charter Plane Carrying Two Russian NationalsCanada’s Transportation Minister, Omar Alghabra, confirmed reports that a charter plane in the city of Yellowknife, Northwest Territories has been grounded after carrying two Russian nationals.
Les mer »
Surging wheat prices to spur Canada farmers to sow more acresRussia\u0027s invasion of Ukraine is hindering shipments from one of the world\u0027s vital breadbaskets, leaving grain importers scouring for supplies elsewhere.
Les mer »
The Bank of Canada just raised its key lending rate; here's what that means for youSavers will gain and borrowers will lose as interest rates rise this year, experts say.
Les mer »
Canada Opens Doors to Ukrainian Refugees Fleeing Russian InvasionCanada is opening its doors to an unlimited number of Ukrainians fleeing Russia’s invasion
Les mer »
U.S. Sled Hockey Team Takes Win Over Canada in Opening Game at 2022 ParalympicsTeam USA's sled hockey team secured a 5-0 shutout victory against Canada.
Les mer »
Omicron wave, vaccination rates mean Canada well protected for now: TamCanada’s chief public health officer says that as long as Omicron remains the dominant variant of COVID\u002D19 in Canada, the risk of another massive wave of…
Les mer »