Alberta oil may be solution to US energy supply crisis – minister

Hon. Sonya Savage, Minister of Energy, Government of Alberta, speaks during the expansion of the Canadian government-owned Trans Mountain pipeline, which has moved to a new stage of construction, in Acheson, Alberta, Canada on December 3, 2019. REUTERS/Candace Elliott/Files

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HOUSTON, March 6 (Reuters) – Alberta, Canada’s main oil-producing region, can help ease a global oil shortage caused by energy disruptions, Alberta Energy Minister Sonya Savage said on Sunday.

Alberta has some spare pipeline and rail capacity and can move more oil to the United States, Savage said in Houston ahead of S&P Global’s CERAWeek energy conference. Oil prices in Monday’s trading in Asia rose to $128 a barrel from around $83 a barrel in January.

‘We are the solution, not Venezuela and others,’ Savage told Reuters, an apparent reference to the US sending a delegation to Caracas last week to discuss easing sanctions American oil companies. Read more

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She also said it was “unconscionable” for any nation to buy Russian crude oil or refined products in light of its invasion of Ukraine.

Oil buyers shun oil shipments from Russia, one of the world’s largest oil exporters. Russia exports 4-5 million barrels per day (bpd) of oil and 2-3 million bpd of refined products.

Savage said the United States should ban imports of Russian crude oil and refined products.

Last week, Canada banned imports of Russian crude oil and agreed to supply anti-tank weapons to Ukraine to counter the Russian invasion.

Russia calls its actions in Ukraine a “special operation”.

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Reporting by Arathy Somasekhar and Marcy De Luna in Houston; Editing by Tom Hogue and Kenneth Maxwell

Our standards: The Thomson Reuters Trust Principles.

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