Canada Plans Oil Export Ramp-Up

Canada Plans Oil Export Ramp-Up

OilPrice.com

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Canada plans to boost its crude oil exports as Western importers turn away from Russian crude. The country could increase oil exports by some 200,000 bpd from current rates, the Canadian minister of natural resources said this week, as quoted by Bloomberg. It could also boost natural gas exports by the equivalent of 100,000 barrels daily, both by the end of the year. "Canada indicated to our European friends that we will work to help them in the current situation that they find themselves," Jonathan Wilkinson said. The official also said discussions…

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