13:45:25 EDT Wed 30 Sep 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 481,577,721
Close 2026-09-29 C$ 173.02
Market Cap C$ 83,322,577,287
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Globe/wire say Suncor hears call for diesel draw down

2026-09-30 09:37 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that the White House wants the EU to reduce emergency diesel inventories to help lower global prices. A Reuters dispatch to The Globe reports that the White House is frustrated that some European countries, like France and Germany, have not met their earlier commitments to use emergency oil reserves to address supply disruptions and price spikes from the Iran conflict and shipping issues in the Strait of Hormuz. American officials have raised their concerns with the International Energy Agency, which coordinates oil stockpile releases among member countries. In March, Washington agreed to loan 172 million barrels of oil from the SPR as part of a deal with around 30 countries in the International Energy Agency to release 400 million barrels from global reserves, with EU countries contributing 20 per cent of the total. In announcing a new release of oil from reserves, Energy Secretary Chris Wright publicly pressed European countries to fulfill their commitments, saying on Tuesday that while the United States and Japan were delivering on theirs, "several European member countries have released only a fraction" of the crude oil and petroleum products they had pledged.

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