05:38:39 EST Sat 07 Feb 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-01-30 C$ 137.57
Market Cap C$ 66,527,849,803
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Globe says Suncor, rivals hear India eyeing Cdn energy

2026-02-02 05:20 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Saturday edition that India aims to import more oil and liquefied natural gas from Canada to support its growing economy, presenting an opportunity for the domestic industry to diversify into a vast and expanding market, says Natural Resources Minister Tim Hodgson. The Globe's Jeffrey Jones and Emma Graney write that Mr. Hodgson, who has just returned from Goa, said increased energy shipments would play a big part in an economic partnership agreement with India that could double two-way trade to $70-billion annually by 2030. The deal would also include trade in critical minerals, agricultural products, clean technology and advanced manufacturing. India currently imports some Canadian crude via the U.S. Gulf Coast and limited volumes from the Trans Mountain pipeline in British Columbia. Mr. Hodgson said that India would welcome increased capacity from an expanded Trans Mountain or a new Pacific pipeline. He said: "They were very clear with me. They would love to be able to get it off our West Coast, which has significantly shorter shipping times, which means the economics for them are much better." India processes roughly six million barrels of crude oil each day, virtually all of it imported.

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