Irving Oil Scrambles for Crude as Saudi Flows Cut

0:00Canada's largest oil refinery, Irving Oil and St. John New Brunswick, is scrambling for new crude supplies because the U.S. conflict with Iran has shut down the straight of Hormuz, cutting off reliable Saudi oil flows. Irving just got federal approval to use a foreign-owned tanker to haul crude from Newfoundland's offshore fields right to their port, up to six. 180,000 barrels starting later this month. That refinery pumps out gasoline and fuels for the Maritimes and the U.S. Northeast, and folks there are feeling the pinch from these global. Disruptions to energy security. Historically, Saudi crude has been their go-to since the refinery opened in 1960, making up over 20% of supplies last year after. The U.S. at 54%. Now Irving's lining up more local deals with Newfoundland producers, ensuring steady flows for Atlantic Canada, even as they wrap up that last Saudi, shipment anchored offshore. That's your update from Vancouver News today, powered by AI.