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Escalating US-Iran hostilities, infrastructure attacks, and severely disrupted shipping through the Hormuz Strait are expected to drive continued upward pressure on global oil prices amid wider supply chain disruptions.
Canada’s proposed one-million-barrel-per-day west-coast pipeline has secured a route and public ownership structure, but forecasted Alberta oil production growth falls significantly short of pipeline capacity needs.
Great Britain households face a 13% surge in energy bills this week, with unpaid energy debt reaching record highs of nearly £4.8bn as wholesale prices remain elevated due to supply disruptions.
US forces conducted their sixth consecutive night of strikes against Iranian military targets, while Tehran retaliated with missile and drone attacks on US bases across the Gulf region.
Escalating US-Iran hostilities, infrastructure attacks, and severely disrupted shipping through the Hormuz Strait are expected to drive continued upward pressure on global oil prices amid wider supply chain disruptions.
Canada’s proposed one-million-barrel-per-day west-coast pipeline has secured a route and public ownership structure, but forecasted Alberta oil production growth falls significantly short of pipeline capacity needs.
