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Canada, Norway can contribute to oil supply during Iran war, Carney says

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsArtificial IntelligenceInfrastructure & Defense

Mark Carney said Canada and Norway are low-risk oil producers that can supply additional oil amid market impacts from the Iran war. Carney and Norwegian PM Jonas Gahr Store met in Oslo to discuss energy, AI and security — a diplomatic signal that may modestly ease oil risk premia but is unlikely to materially shift prices immediately.

Analysis

Mark Carney said Canada and Norway are low-risk oil producers that can supply additional oil amid market impacts from the Iran war. Carney and Norwegian PM Jonas Gahr Store met in Oslo to discuss energy, AI and security — a diplomatic signal that may modestly ease oil risk premia but is unlikely to materially shift prices immediately.

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