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Paramount Resources Ltd. Announces Fourth Quarter and Annual 2025 Results, Increased 2026 Production Guidance and Expanded Land Positions
CALGARY, AB, March 3, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its fourth quarter and annual 2025 financial and operating results, highlighted by fourth quarter sales volumes of 46,973 Boe/d (53% liquids) and adjusted funds flow of $140 million, annual capital expenditures of $789 million and strong reserves growth. The Company is also pleased to announce that it is increasing 2026 production guidance due to the performance of [Read more]
A full Strait of Hormuz blockage and 20% fall in supply could push oil over $100/bbl, Commerzbank says
If the Strait of Hormuz were completely blocked, causing supply to fall by 20%, the oil price would likely rise to over $100 per barrel, Commerzbank said in a note on Tuesday. The bank also added that a prolonged conflict could lead to supply difficulties and bottlenecks for aluminium, with a corresponding impact on prices. (Reporting by Anjana Anil in Bengaluru) [Read more]
Netanyahu says US-Israeli war on Iran ‘not going to take years’
Israeli Prime Minister Benjamin Netanyahu said the war against Iran was "not going to take years", as the conflict widened with Israel again attacking the Iranian-backed Hezbollah militia in Lebanon and Iran striking Gulf states that host U.S. bases. U.S. President Donald Trump, who launched strikes on Iran together with Israel on Saturday, initially projected the war to last four to five weeks, but has since sought to justify a broad, open-ended war. In the meantime, Iran has launched [Read more]
Goldman Sachs raises gas price forecasts on Qatar LNG disruption
Goldman Sachs raised its TTF gas price forecast for the second quarter of this year to 45 euros per Megawatt-hour (MWh) from 36 euros per MWh previously, it said in a note dated on Monday. The bank, citing disruptions to Qatar's liquefied natural gas (LNG) production, also raised its April 2026 TTF gas price forecast to 55 euros per MWh from 36 euros per MWh previously. "We also raise our prompt Apr 26 JKM gas price forecast to $20/mmbtu from $11.90," Goldman said. (Reporting by Noel [Read more]
Exxon, TotalEnergies output at risk from Iran war, analysts say
Exxon Mobil, TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the U.S.-Israel war with Iran, analysts said in research notes on Sunday and Monday. The U.S. and Israel's strikes on Iran on Saturday, which killed Iran's supreme leader Ayatollah Ali Khamenei, have roiled the energy sector. The conflict has forced the shutdown of some oil and gas fields in the region and effectively halted shipping through the Strait of Hormuz, an [Read more]
India most vulnerable to prolonged disruptions to Mideast oil, analysts say
India, a fast-growing oil consumer, is the country most vulnerable to crude supply shocks if the Middle East conflict leads to a prolonged disruption in shipments from the region, mainly because of its thin reserves, analysts said. Both China and India, Asia's top energy consumers, source around half of their crude imports from the Middle East, but India has far less oil in storage than its neighbor and is more dependent on that region's crude now than in the last three-plus years. "China [Read more]
US LNG exports grew in February, new output could help fill Qatar supply gap
U.S. exports of liquefied natural gas rose more than 17% last month from a year earlier as Venture Global's Plaquemines plant in Louisiana ramped up production and Cheniere brought on more units at its Corpus Christi facility, preliminary data from financial firm LSEG showed. The U.S. is the world's largest LNG exporter, and there are already signs of even higher output to come in March, positioning it well to fill supply gaps at a time when LNG exports from Qatar have been disrupted due to [Read more]
Discount on Western Canada Select narrows by almost $1 a barrel on Middle East output concerns
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed by almost $1 a barrel on Monday, as the Iran war disrupted Middle Eastern output. WCS for April delivery in Hardisty, Alberta, settled at $12.70 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.65 on Friday. * Global oil and gas prices surged on Monday following Israeli and U.S. strikes on Iran and retaliation by Tehran that forced shutdowns [Read more]
US will take action to mitigate oil price spike for Americans, Rubio says
The U.S. will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, Secretary of State Rubio said on Monday. Speaking to reporters at Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Energy Secretary Chris Wright would announce the plans on Tuesday. "Starting tomorrow, you will see us rolling out those phases to try to mitigate against that... We anticipated this could be an issue," Rubio said. President Donald Trump is [Read more]
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