Canada and Mexico have ample breathing space in IEA
IEA member rules include an obligation to have oil-stock levels at a certain point, however there seem to be loopholes
Under International Energy Agency (IEA) rules, each member country has an obligation to have oil-stock levels that equate to 90 days of net imports. But the rule only applies to net oil importers. So IEA member Canada, a net exporter, does not have a stockholding obligation under the agreement. Though it is a member of the North American Free Trade Agreement (NAFTA), Mexico is not an IEA member and has no requirement to withhold stocks. So the US, with its 727 million barrel Strategic Petroleum Reserve is not only the largest cache of government-oil stocks in the world, but also the only one of its kind in North America. The IEA minimum obligation is based on net imports of all oil, includin
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20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
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Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
