WS #11290
Canada and Alberta announced a $35-44 billion new oil pipeline to the BC coast, a bullish signal for Canadian energy infrastructure and export capacity. Oil prices fell below $70/bbl as Hormuz flows resume, Kuwait ramps output, and Iran crude afloat clears, but the Israel-Iran plot threatens reversal. Russia launched an 11-hour drone/missile attack on Kyiv killing at least 27, escalating the Ukraine war and increasing geopolitical risk. Reports that Israel is plotting to kill Iran's chief negotiators caused an emergency landing in Mashhad, threatening the fragile ceasefire and oil supply normalization.
Canada-Alberta new oil pipeline announcement
Canada and Alberta announced a $35-44 billion new oil pipeline to the BC coast, a bullish signal for Canadian energy infrastructure and export capacity.
Oil prices fell below $70/bbl as Hormuz flows resume, Kuwait ramps output, and Iran crude afloat clears, but the Israel-Iran plot threatens reversal.
Russia launched an 11-hour drone/missile attack on Kyiv killing at least 27, escalating the Ukraine war and increasing geopolitical risk.
Reports that Israel is plotting to kill Iran's chief negotiators caused an emergency landing in Mashhad, threatening the fragile ceasefire and oil supply normalization.