Canada to Put 24 Million Barrels of Oil Toward IEA Effort

Canada will supply 23.6 million barrels of oil and ramp up natural gas exports in the coming months as part of an international effort to help stabilize energy markets being upended by the Iran war, Energy Minister Tim Hodgson said.

The move will support a wider action of 400 million barrels being released by 32 member countries of the International Energy Agency, Hodgson said on Friday in a statement on X.