Calgary, Alberta--(Newsfile Corp. - March 30, 2026) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to provide the following update: Coelacanth is currently producing approximately 8,000 boe/d (31% oil and liquids) excluding an additional 1,600 boe/d that is currently shut in but will be back on production before the end of April 2026. The ramp up of production has taken longer than anticipated due to a higher than expected initial amount of frac flowback water [Read more]
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Fed’s faith in anchored inflation expectations may be coming under stress
Federal Reserve officials eager to keep inflation psychology in check and maintain control over prices face a challenge as household expectations rise alongside the cost of gasoline and doubt edges into bond markets in the form of rising yields on U.S. Treasury securities. Until the U.S.-Israeli war with Iran pushed the price of oil up more than 50% over four weeks, U.S. central bankers were largely comfortable that public inflation expectations, particularly those regarding the longer-term [Read more]
Crude oil and LNG supply are at risk of the worst-possible scenario: Russell
A month after U.S. and Israeli strikes on Iran, global markets for the supply of crude oil, refined products and liquefied natural gas are already in the second-worst possible scenario. Everything hinges on the Strait of Hormuz. This chokepoint, which normally carries around 20% of global crude, products and LNG, is still effectively closed to most shipping, leaving energy markets dangerously exposed. Under those conditions, claims by Washington or Israel that they are somehow winning the [Read more]
‘Massive operation’: Canadian driller, shipper enlisted to help tap Greenland oil
CALGARY - The promotional video shows a small creek trickling through a mossy patch in an otherwise brown, barren landscape, icebergs looming just offshore. A petroleum engineer dips a hand into the stream, then takes a sniff. "It smells like crude oil," he says, grinning at the camera. A small group of contractors and engineers were filmed as they joined veteran U.S. oilman Robert Price on a visit to Jameson Land, a remote peninsula about halfway up Greenland's eastern coast. The [Read more]
Some trades ahead of Trump policy moves raise questions
Some of U.S. President Donald Trump's major policy decisions have been preceded by well-timed bets, leading some experts to raise questions about whether information had somehow leaked ahead of time. Here is a list. March 23, 2026 - IRAN ATTACK PAUSE: An unidentified trader or traders bet $500 million on Brent and WTI crude futures in a one-minute period shortly before Trump announced a five-day delay to attacks on Iran's energy infrastructure, after which oil prices crashed 15%, exchange [Read more]
Pentagon preparing for weeks of ground operations in Iran, Washington Post reports
The Pentagon is preparing for weeks of ground operations in Iran, the Washington Post reported Saturday, citing U.S. officials. The plans could involve raids by Special Operations and conventional infantry troops, the Post reported. Whether President Donald Trump would approve any of those plans remains uncertain, according to the Post. The Trump administration has deployed U.S. Marines to the Middle East as the war in Iran stretches into its fifth week, and also has been planning to send [Read more]
Australia LNG disruptions continue after Narelle, thousands without power
Australia's liquefied natural gas production remained disrupted and thousands were without power in the remote northwest on Sunday, more than a week after the Narelle storm system hit the country. The impact of Narelle, downgraded from a tropical cyclone on Saturday, on LNG plants run by Chevron and Woodside has exacerbated a global supply crunch caused by the month-old Iran war. Australia became the world’s second-largest LNG exporter when Qatar halted production following damage from Iranian [Read more]
Stocks fall, oil prices rise on darkening economic outlook from Middle East war
Global stock markets fell and oil prices rose on Friday, driven by lack of progress in bringing an end to the four-week-old Middle East conflict that is beginning to sap consumer and business confidence. The global equity market selloff has deepened in recent days, as U.S. President Donald Trump's statements about negotiations are increasingly viewed as less important than the situation in the Gulf, where attacks persist and the crucial Strait of Hormuz is still effectively blocked by Iran. [Read more]
Iran says US attacks while calling for talks ‘intolerable’, response undecided
A senior Iranian official said on Friday U.S. attacks on Iran while simultaneously calling for talks were "intolerable," adding Tehran had yet to decide whether to respond to a U.S. proposal due to attacks on industrial and nuclear infrastructure. Iran's response to U.S. proposals had originally been expected to be delivered on Friday or Saturday, the official added. (Reporting by Reuters, Editing by Louise Heavens) [Read more]
Oil, gas exploration is back: Energy giants hunt to replenish reserves
Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth in renewable resources like wind and solar raised doubts about long-term oil demand. Many oil and gas drillers chose to funnel profits to dividends and share buybacks [Read more]
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