The relatively modest jump in oil prices in the wake of the U.S.-Israel warwith Iran suggests investors are betting that the disruption to oil supplies from the Middle East will be short-lived. But that optimism may be misplaced. While the region's oilfields have so far escaped damage by the third day of the conflict, the inability to ship fuel out of the Gulf is already straining a tightly interconnected global energy system. Every day of disruption compounds pressure on producers and consumers [Read more]
News
US not currently discussing sale of oil from SPR, source says
Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attacks on Iran is 'not currently being discussed', a U.S. source said on Monday. "Oil markets remain well supplied", the source said. The SPR, held on the coasts of Louisiana and Texas, is the world's largest emergency oil stockpile, currently hold more than 415 million barrels of crude. Former President Joe Biden ordered the biggest sale ever from the reserve, 180 million barrels over six months, after [Read more]
Mideast Gulf ship insurance costs soar as US-Iran war escalates, say sources
The insurance cost of shipping goods through the Middle East Gulf has surged as much as five times in the past 48 hours since the U.S. and Israeli began airstrikes on Iran, with most underwriters not offering cover for any sailings through the Strait of Hormuz, insurance industry sources said on Monday. War risk premiums have risen up to 1% of the value of a ship, from around 0.2% last week before the latest operations began, the sources said, adding that rates excluded the Strait of [Read more]
Iran conflict poses new risk to US economic resilience
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump's decision to launch open-ended attacks against Iran with the stated goal of toppling the Middle Eastern country's long-ruling Islamist government. With counter-strikes underway throughout the region and Trump saying the conflict could go on for weeks at least, analysts focused on a long list of imponderables as oil prices jumped over [Read more]
Qatar’s role in the global gas market
By Marwa Rashad LONDON, March 2 - Qatar, one of the world's largest liquefied natural gas producers, halted LNG and related output on Monday after strikes on facilities in Ras Laffan. The country accounts for about 20% of global LNG exports, all of which transit the Strait of Hormuz, according to analysts. Here are some key facts: ** State-owned QatarEnergy shipped 80.97 million metric tons of LNG in 2025. ** It plans to expand output capacity to 142 million tons per annum (mtpa) by [Read more]
From oil spikes to equity swings: How the Mideast conflict is driving markets
An escalating conflict in the Middle East rattled global markets on Monday, as the prospect of a long-drawn fight drove energy prices higher and hammered travel stocks and regional assets. Israel attacked Lebanon in response to strikes by Hezbollah, while Tehran fired missiles and drones at Israel, Gulf states and a British air base in far-away Cyprus. U.S. President Donald Trump said the military campaign against Iran could continue for the next four weeks, according to an interview on [Read more]
Canada secures 30 new critical minerals partnerships and unlocks $12.1 billion in mining project capital
TORONTO, March 2, 2026 /CNW/ - Canada has what the world wants, and we are stepping up as a trusted partner in critical minerals production. Defence and clean technology supply chains depend on stable access to mineral supply, yet markets are increasingly shaped by concentration and geopolitical risks. In this environment, Canada is being looked to not only as a resource superpower but as a supplier that brings stability, sustainability and transparency to markets. Today, during the [Read more]
Notice of Cochin Pipeline Open Season
PKM Cochin ULC ("Cochin Canada") and Pembina Cochin LLC ("Cochin U.S.", and together with Cochin Canada, "Cochin") are commencing a binding Open Season ("Open Season") to obtain commitments for the transportation of light condensate on the U.S. Segment and the Canadian Segment of the Cochin Pipeline. The Open Season begins March 2, 2026, at 8 a.m. Mountain Standard Time ("MST") ("Open Date") and will close on March 31, 2026, at 5 p.m. MST ("Close Date") THE Cochin Pipeline The Cochin [Read more]
Alliance Pipeline announces a binding open season for firm service in Alberta’s Industrial Heartland
CALGARY, AB: (March 2, 2026) Alliance Pipeline Limited Partnership (“Alliance”), fully owned and operated by Pembina Pipeline Corporation, announced today a binding open season (“Open Season”) for expansion capacity commitments of up to 350 mmcf/d of incremental natural gas delivery in Alberta’s Industrial Heartland (“Firm Heartland Service”) that will remain open until April 20, 2026. The Open Season is on the Canadian segment of the Alliance system in northwest Alberta for the Firm [Read more]
QatarEnergy halts LNG production after military attacks on facilities
QatarEnergy has stopped production of liquefied natural gas (LNG) and related products following military attacks on its operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said on Monday. The state-owned energy firm did not provide details on the extent of the damage or how long the suspension would last. QatarEnergy said it would continue to provide updates as more information becomes available. Qatar is one of the world’s largest exporters of LNG, [Read more]
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