The Canadian tycoon who heads one of North America's fastest growing oil companies told Reuters he supports a proposal to potentially revive parts of the former Keystone XL pipeline and wants to see Canada use the project as leverage in upcoming trade negotiations with the United States. Still, Adam Waterous, CEO of Strathcona Resources, said he would prefer a new West Coast pipeline to increase access to Asian markets. The comments by Waterous, one of Canada's most aggressive oil industry [Read more]
News
Trump to hold a press conference after markets close on Monday
U.S. President Donald Trump said he would hold a press conference later on Monday before returning to Washington from Florida, but gave no details about what he would discuss. The press conference is scheduled for at about 5:30 p.m. (2130 GMT), after the U.S. markets close. It comes as global markets slumped more than a week into the war on Iran amid soaring oil prices and fears of spiking inflation. "Many important meetings and phone calls taking place today," Trump added in the social media [Read more]
Putin says the energy crisis has arrived, Russia ready to work with Europe
Russian President Vladimir Putin said on Monday that the Iran war had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a complete halt. Putin, though, signalled again that Russia was ready to supply oil and gas to Europe. Russia is the world's second largest oil exporter and holds the world's biggest reserves of natural gas. Speaking at a televised meeting with government officials and heads of Russi's [Read more]
Back to the 1970s? Investors brace for a return of stagflation
Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to global energy supplies sent inflation surging, and battered growth “The risk of a 1970s scenario is rising,” said Kaspar Hense, portfolio manager at RBC BlueBay Asset Management. “If there is another extended war, with oil prices going up significantly further, then the safe-haven status of government bonds are at risk, and [Read more]
How much oil do G7 countries hold in emergency reserves?
The Group of Seven countries are considering releasing emergency oil stocks to address the Middle Eastern supply crisis, the International Energy Agency said on Monday, as oil prices surged to as high as almost $120 per barrel. IEA member countries that are net oil importers are required to keep at least 90 days' worth of oil imports in stock. Here is how much each G7 country has in stock, though the amount that can be released per day is constrained by local infrastructure. * The [Read more]
Broad agreement in G7 not to release oil reserves just yet, says G7 official
There was broad agreement among the Group of Seven finance ministers on Monday not to release strategic oil reserves just yet, a G7 official said. G7 finance ministers held a teleconference earlier on Monday to discuss a response to the overnight surge in oil prices caused by the U.S.-Israeli war on Iran. They said in a statement they were ready to take "necessary measures" to support the global supply of energy, including the release of stockpiles, but stopped short of doing it [Read more]
Barrel Oil Corp – Property Divestiture
Barrel Oil Corp (“Barrel” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its oil and natural gas interests located in the Cynthia, Killam and Riviere areas of Alberta (the “Properties”). Current daily sales production net to Barrel from the Properties is approximately 181 boe/d, consisting of 119 bbl/d of oil and natural gas liquids and 368 Mcf/d of natural gas. Operating income net to Barrel from the Properties for the year ended December 31, 2026 is [Read more]
Westgate Energy announces intention to launch warrant exercise incentive program and operational update
CALGARY, AB, March 9, 2026 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce its intention to launch a warrant exercise incentive program (the "Incentive Program") relating to 16,241,267 outstanding common share purchase warrants (the "Eligible Warrants") issued in connection with a best-efforts offering that closed on April 2, 2025. Each Eligible Warrant is exercisable for one common share of the Company (a "Warrant Share") at a price of [Read more]
Canada and natural gas and fertilizer and get on it
Is anyone else out there having trouble keeping up? A week ago I thought AI was the topic of the decade, either going to render humanity useless or lead to some sort of free-high-income ‘paradise’ where we don’t have to do anything at all. Kind of a big deal. And yet this past week I’ve hardly heard a word about it. It must be all over. AI must have slipped us into the matrix so quietly and efficiently we didn’t even notice. But probably not. Nothing like a good old war to bump AI off the [Read more]
Saudi Aramco reducing output at two oilfields, two sources say
Saudi oil giant Aramco has begun cutting output at two of its oilfields, two sources said on Monday, after the vital Strait of Hormuz was choked by the U.S.-Israeli war on Iran and subsequent attacks on the waterway. It was not immediately clear at which fields and by how much production was being curtailed. Aramco, which has been rerouting some of its crude cargoes to the Red Sea port of Yanbu, declined to comment. Several of Saudi Arabia's neighbours, which have also been subject to [Read more]
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