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Iran's parliament speaker, Mohammad Baqer Qalibaf, said on Wednesday that intelligence suggests "enemies" are planning to occupy an Iranian island with support from a regional country which he did not name. "Iranian forces are monitoring enemy movements and if they take any step, we will attack vital infrastructure in that regional country in continuous and relentless attacks," he said in a post on X. (Reporting by Jaidaa Taha Editing by Ros Russell) [Read more]

Venezuela's oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd, the presentation, shared by acting President Delcy Rodriguez during a virtual appearance at a conference in Miami, showed. Production of gasoline and diesel by the South American country reached 166,700 bpd in 2025, [Read more]

  OTTAWA, ON, March 25, 2026   /CNW/ - The world is changing rapidly. In response, Canada is transforming its economy to be more resilient, competitive, and prepared for a low-carbon future. A key part of this effort is reducing emissions from the oil and gas sector and ensuring Canadian energy remains a reliable and responsible choice in global markets. By working with provinces and territories, Canada is cutting pollution, driving innovation, and supporting high-paying careers – [Read more]

U.S. shale producer Devon Energy will not react quickly to the jump in oil prices and will instead focus on long-term price signals, its CEO Clay Gaspar said on Wednesday at the CERAWeek energy conference in Houston. Here are some details: * "We will not be oversteering on near-term signals," Devon CEO Clay Gaspar said on the sidelines of the conference, nor will it react to front-month prices, he added. * Front-month U.S. crude futures traded as high as $119 a barrel on March 9, [Read more]

Iraqi oil production has slumped as the Iran war rages, with storage tanks reaching high and critical levels while the country is unable to export crude via the Strait of Hormuz, three Iraqi energy officials said on Wednesday. Output from Iraq's main southern oilfields has further fallen by about 80% to around 800,000 barrels per day (bpd), the officials added. Earlier this month, Iraqi oil production from its main southern oilfields had already fallen by about 70% to around 1.3 million [Read more]