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HPI Market Data Book 2026: Global construction – Americas
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
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Canada will export additional oil and gas to the US
Canada Russia Oil markets
Peter Ramsay
28 March 2022
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Canada commits to additional 200,000bl/d of crude

The country will pipe more oil, as well as more gas, to its southern neighbour by year-end

“I think there is a consensus” in moving away from Russian oil and gas, Canadian natural resources minister Jonathan Wilkinson told UK state broadcaster the BBC from Paris, where he was attending an IEA meeting for global energy ministers in late March. “The only differences are around how fast can you actually get away from it,” he says. From his country’s perspective, he is promising more oil and gas than originally planned by the end of the year. “We will be increasing our production and flow through the pipelines of an extra c.300,000bl/d oe by the end of the year, in line with what the Americans are doing and the Brazilians have also announced,” the minister continues. “We are also look

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26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
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Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
HPI Market Data Book 2026: Global construction – Americas
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
HPI Market Data Book 2026: Global construction – Asia-Pacific
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way

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