The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran, the Wall Street Journal reported on Tuesday, citing officials familiar with the matter. The release would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in 2022 when Russia launched its full-scale invasion of Ukraine, WSJ said. The IEA is convening an [Read more]
Headlines
US oil prices up nearly $3 as Middle East crisis constrains supply
U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5%, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran. Brent futures start trading at 0100 GMT. WTI rebounded after both contracts plunged by more than 11% on Tuesday, the steepest percentage drop since 2022, a day after U.S. President Donald Trump predicted a quick end to the war. The U.S. and Israel pounded Iran on Tuesday with what the [Read more]
Rubellite Energy Corp. reports fourth quarter 2025 financial and operating results, 2025 year-end reserves, and provides operations update and first quarter 2026 guidance
CALGARY, AB, March 10, 2026 /CNW/ - (TSX: RBY) – Rubellite Energy Corp. ("Rubellite" or the "Company"), is pleased to report its fourth quarter 2025 financial and operating results and select information from the Company's independent year-end 2025 reserve report, evaluated by McDaniel and Associates Consultants Ltd. ("McDaniel") and provide an operations update and guidance for the first quarter of 2026. A copy of Rubellite's audited financial statements, Management Discussion and Analysis [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Mar. 6 Financial Accountant PetroChina Canada Calgary Mar. 6 Temporary Administrative Support in Grande Prairie Roska DBO Grande Prairie Mar. 4 Apprentice [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday as global oil prices plummeted after Trump's Middle East de-escalation prediction. WCS for April delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.65 on Monday. * The discount on heavy Canadian crude remains almost a dollar tighter than when the U.S.-Israeli war on Iran [Read more]
CES Energy Solutions Corp. announces record fourth quarter and full year 2025 results with record Adjusted EBITDAC and an increase to its quarterly dividend
CALGARY, AB, March 10, 2026 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce record financial results for the three and twelve months ended December 31, 2025, along with a 29% increase to the quarterly dividend from $0.0425 to $0.055 per share, which will be paid on April 15, 2026, to the shareholders of record at the close of business on March 31, 2026. Record quarterly revenue of $664.5 million, increased 10% year over year [Read more]
Peyto Reports Fourth Quarter and 2025 Annual Results
CALGARY, Alberta, March 10, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX: PEY) is pleased to report operating and financial results for the fourth quarter and 2025 fiscal year. Full Year and Q4 2025 Highlights: Delivered $245.0 million in funds from operations1,2 ("FFO"), or $1.19/diluted share, and $102.0 million of free funds flow3 in the quarter. Annual FFO totaled $860.5 million or $4.24/diluted share, and annual free funds flow [Read more]
Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say
International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January, five sources close to the negotiations told Reuters. The deals would allow both companies to boost production in coveted oil regions in the South American country, the biggest steps to date toward what U.S. President Donald Trump has said would be a $100 billion effort to rebuild Venezuela's oil industry after decades of [Read more]
LNG Canada ramps up output as Iran war threatens global gas supplies
LNG Canada, a Shell-led venture, has ramped up production and exports to Asia this month, LSEG data show, as the Iran war threatens Asian natural gas supplies which are particularly vulnerable to global disruptions. The LNG project in Kitimat, British Columbia, which began operations in June 2025, has exported five cargoes in the first 11 days of March, already exceeding half its total February volume, the data shows. A sixth shipment is due to depart on Tuesday. All cargoes have been sent to [Read more]
US natgas output to hit record high in 2026, while demand declines, EIA says
U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its short-term energy outlook on Tuesday. EIA projected dry gas production will rise from a record 107.7 billion cubic feet per day (bcfd) in 2025 to 109.5 bcfd in 2026 and 112.3 bcfd in 2027. The agency also projected domestic gas consumption will fall from a record 91.9 bcfd in 2025 to 91.4 bcfd in 2026 before rising to 92.1 bcfd in 2027. The March [Read more]
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