13:45:10 EDT Mon 16 Mar 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-03-13 C$ 165.54
Market Cap C$ 80,053,938,041
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Globe says CNRL sees PM uphold Russian oil sanctions

2026-03-16 07:49 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Saturday edition that on Thursday, the United States issued a 30-day waiver for countries to buy Russian oil stranded in tankers at sea. The Globe's Paul Walie writes that Prime Minister Mark Carney, alongside leaders from Germany and Norway, opposes this U.S. move. Treasury Secretary Scott Bessent said this action aims to address rising oil prices, which have soared 40 per cent since the Iran started. "Canada's position is to maintain sanctions on Russia, including on the shadow fleet which is moving this oil," Mr. Carney said Friday at a joint press conference in Bardufoss, Norway, with German Chancellor Friedrich Merz and Norwegian Prime Minister Jonas Gahr Store. "There has been very tight co-operation between Russia and Iran, at great cost to the people of Ukraine and a great threat to peace and security in Europe," Mr. Carney said. Mr. Merz said that during a G7 leaders' conference on Wednesday -- involving leaders from Canada, the U.S., Germany, Italy, Japan, Britain and France -- all but the U.S. agreed that "we should not release the sanctions against Russia." Mr. Merz said, "We should put more pressure on Russia to bring this terrible war to an end as soon as possible."

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