Washington and Ottawa could tax oil imports from Russia and Saudi Arabia if the latter fail to reach a new agreement, reports the Financial Times, referring to the Premier of the Canadian province of Alberta.
–
Jason Kenney, Premier of Alberta, Canada’s largest oil-producing province, announced that he had held talks with US officials on the possible establishment of “alleged import tariffs for oil coming in North America, “reports the Financial Times.
This scenario would be considered if Russia and Saudi Arabia do not find an agreement to end the current oil price war. Officials confirmed to the Financial Times that the United States Department of Energy is considering such an option among many others.
OPEC + agreement failed
In early March, OPEC + members failed to agree on a drop in oil extraction or the spread of the existing agreement. Thus, on April 1, all the restrictions adopted by the countries concerned were lifted. In addition, in the absence of a consensus, Saudi Arabia announced an increase in daily production, causing crude prices to plummet.
On April 3, the Russian President said that Russia was open to lowering the extraction of 10 million barrels of oil per day, but on condition that the other producers respect the spirit of partnership. Head of State and Russian Minister of Energy Alexander Novak agreed that the market needs joint measures and that Russia will adopt them, but jointly with OPEC + and other major producers, including the United States .
– .
