Canada Weighs Options to Boost Oil Supply as War Causes Market Turmoil

Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets.

The country is looking at ways to increase output “to advance international energy cooperation and security,” Charlotte Power, a spokesperson for Energy Minister Tim Hodgson, said. “We maintain the ability to adjust transportation through marine and rail shipments should supply routes require reorientation.”