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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InPlay Oil Corp. Confirms Monthly Dividend for March 2026
CALGARY, AB, Feb. 26, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on March 31, 2026, to shareholders of record at the close of business on March 16, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil [Read more]
Iran conflict disrupts global shipping as tankers are stranded, damaged
Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, a seafarer killed and 150 ships stranded around the Strait of Hormuz. Shipping through the strait between Iran and Oman, which carries around one fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were hit as Iran retaliated to U.S. and Israeli strikes. The [Read more]
Venture Global’s quarterly core profit nearly triples on higher LNG sales volumes
Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied natural gas in a single year, powered by the startup of production from new plants. Commercial activity in the sector has gained further momentum after U.S. President [Read more]
South Bow plan to revive parts of Keystone XL needs Trump approval, US oil pipeline links
A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada's crude exports to the U.S. by more than 12%, if it gets a green light from U.S. President Donald Trump and additional links to U.S. refining hubs are built. The new proposal involves a different route through the U.S. than the previous Keystone XL pipeline project cancelled by former U.S. President Joe Biden in 2021 after years of Indigenous and environmental [Read more]
Major Saudi refinery, Kurdish and Israeli oil, gas fields shut amid Mideast strikes
Saudi Arabia shut its biggest domestic oil refinery on Monday after a drone strike, a source said, as Israeli and U.S. strikes and Iranian retaliation forced shutdowns of oil and gas facilities across the Middle East. A wave of attacks on the region stretched into a third day, resulting in the precautionary suspension of most oil production in Iraqi Kurdistan and at several major Israeli gas fields, throttling exports to Egypt. State oil giant Saudi Aramco's 550,000 barrels per day (bpd) [Read more]
Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil. Crude futures surged more than 8% on Monday to multi-month highs in the first trading after the U.S. and Israel launched attacks on Iran and killed its Supreme Leader Ali Khamenei, with Tehran striking back against Israel and at least seven other countries. [Read more]
Dire straits for global oil trade
A look at the day ahead in European and global markets from Wayne Cole. Suddenly, everyone's an expert on crude shipping through the Strait of Hormuz. Marine Traffic shows the red dots of tankers piling up each side of the vital waterway that carries a fifth of the world's seaborne oil trade, a similar amount of liquefied natural gas and apparently a third of its fertiliser. Much of the oil flows to Asia, and particularly China which was the main buyer of Iranian crude. The strait isn't [Read more]
OPEC+ crude output boost ignored with duration of Hormuz disruption key: Russell
The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a month from now is little more than a symbolic gesture in the face of a widening conflict in the Middle East, which is already leading to serious supply disruptions. But there was little the eight members of the OPEC+ group undertaking voluntary production [Read more]
Oil jumps as US-Iran conflict escalates, disrupts shipping
Oil prices surged more than 8% to their highest in months on Monday as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region. Brent crude futures struck a high of $82.37 a barrel and was at $79.34, up $6.47, or 8.88%, by 2305 GMT. U.S. West Texas Intermediate crude jumped $5.36, or 8%, to $72.38 a barrel after touching a high of $75.33 earlier. Israel launched a new wave of strikes on Tehran on Sunday and Iran responded [Read more]
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