Mark Carney will travel to Alberta on Friday to meet with Danielle Smith and announce an update on the MOU to build an oil pipeline to the BC coast, sources tell Global News
#cdnpoli
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Brent oil rose to the highest since June 2022 on signs that flows through the Strait of Hormuz could be at a standstill for a prolonged period https://t.co/SZ1OAuyPFn
🚢⚓️🛳 President Donald Trump is threatening to close off the Strait of Hormuz — a crucial waterway that he has repeatedly told Iran must be reopened unconditionally.
According to @Kpler’s OPEC+ secondary source oil production assessment, production from the group fell by a record 20.5% in March compared to February. That’s a loss around 9 million bpd month on month. #opec
To date, the world has lost more than 300 million barrels of oil by the end of April; that number is expected to climb to 600 million. Traffic at Hormuz is 5-7% of what it was pre-war, and oil trading at around $110 a barrel. So far there are no REAL signs of the war ending. #OOTT