14:38:30 EDT Tue 15 Sep 2026
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 481,577,721
Close 2026-09-14 C$ 183.17
Market Cap C$ 88,210,591,156
Recent Sedar+ Documents

Globe/AP say Imperial Oil told key Saudi pipeline hit

2026-09-15 07:09 ET - In the News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc
Also In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Tuesday edition that a key Saudi oil pipeline damaged in an attack will be out of service for weeks as repairs are made, while Yemen's Houthi rebels seized more islands along Red Sea shipping routes, further affecting Saudi oil exports. An Associated Press dispatch to The Globe reports that oil prices rose over 2 per cent due to concerns about global petroleum supplies as Saudi Arabia struggles to export crude amid the Iran war. Saudi Arabia relies on the East-West pipeline to transport crude from Gulf ports to Yanbu on the Red Sea for export. However, authorities recently shut it down after an attack blamed on drones from Iranian-backed militias in Iraq. Repairing the damage could take up to five weeks. The line may partially function during repairs, but officials said they can't predict how much oil will get through. The pipeline has been moving a weekly average of 2.6 million to four million barrels a day since late August -- a quantity that will be lost to the market if the pipeline's flow stops completely. Rystad Energy says the jump in prices for Brent crude, which reached $109 (U.S.), "is a clear signal that the market is increasingly pricing in a significant loss of supply."

© 2026 Canjex Publishing Ltd. All rights reserved.