Oil production in North Dakota rose 4,000 barrels-per-day (bpd) to 1,130,000 bpd in February, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,101,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission's monthly index report, also available on its website. [Read more]
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Trump cites defense production act to sign energy-related memorandums
President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle rising fuel prices as a result of U.S. and Israel's war on Iran. * Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas transmission and liquefied natural gas capacity. * The U.S. president also signed memorandums on grid infrastructure and other energy-related [Read more]
Trump cites defense production act to call for expansion of domestic petroleum production
U.S. President Donald Trump signed a memorandum on Monday saying action to expand the domestic petroleum production, refining, and logistics capacity is necessary to avert an industrial resource or critical technology item shortfall that would severely impair national defense capability, the White House said. (Reporting by Christian Martinez and Ismail Shakil; Editing by Caitlin Webber) [Read more]
PrairieSky Announces First Quarter 2026 Results
CALGARY, Alberta, April 20, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter operating and financial results for the three months ended March 31, 2026. First Quarter Highlights Total royalty production grew 4% over Q1 2025(1) averaging 26,293 BOE per day in the quarter, and included a 2% increase in oil royalty production which averaged 13,733 barrels per day and a 6% increase in NGL royalty [Read more]
Five things to know about Nova Scotia’s plans to develop onshore natural gas
HALIFAX - Nova Scotia is kicking off public consultations on its controversial plan to allow natural gas exploration more than a decade after fracking was first banned in the province. In December, the provincial government tapped Dalhousie University to administer a program that will see university researchers and the private sector study the province's estimated 198-billion cubic metres of onshore natural gas. The $30-million program, which will offer companies financial incentives as [Read more]
Fate of Iran peace talks uncertain as deadline approaches for end of ceasefire
Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran's ports, a major hurdle for Tehran to rejoin peace efforts. However, the official stressed that no decision had been made. Adding to the uncertainty, a source told Reuters that Vice President JD Vance was still in the U.S., denying reports that he was already on his way to Pakistan's capital Islamabad for [Read more]
Airfares climb for first time in nearly two years amid soaring fuel costs: StatCan
MONTREAL - Statistics Canada says airfares rose year-over-year for the first time in nearly two years in March amid sky-high jet fuel prices. Agency data shows that plane ticket prices rose 2.9 per cent last month compared with March 2025. National Bank analyst Cameron Doerksen notes that the last time the consumer price index notched a year-over-year increase for air travel was June 2024. Doerksen says ballooning jet fuel prices is driving the recent fare surge, with airlines passing [Read more]
Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA says
The strategic global oil inventory stood at around 2.5 billion barrels at the end of last year, the U.S. Energy Information Administration said on Monday. The agency plans to add its assessment of strategic inventories in its Short-Term Energy Outlook, starting in May, as the United States is releasing 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran. The U.S. effort is part of a [Read more]
Alberta caribou habitat gets a boost with surging revegetation of legacy seismic lines
New agreements with oil and gas industry build on record rate of restoration By Will Gibson on April 19, 2026, 8:27 pm MDT A caribou moves through the Algar region of northeast Alberta. CP Images/University of British Columbia-Cole Burton Large-scale habitat restoration in Alberta is accelerating to support iconic caribou populations. The focus is on legacy seismic lines — straight, flattened clearings cut through the boreal forest decades ago for oil and gas exploration, [Read more]
Global oil stocks could fall by 900 million bbl even if ceasefire is extended, Citi says
Researchers at Citi said on Monday that global crude and product inventories could decline by roughly 900 million barrels even if the United States and Iran agree to a ceasefire extension this week, and both Strait of Hormuz flows and oil production recover to normal levels by the end of June. The bank said the decline would include the drawdown of 500 million barrels that has already occurred, with a further 400 million barrels drawn down due to ramp-up delays, logistical bottlenecks, and [Read more]
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