The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday as the International Energy Agency proposed a record release of oil reserves to try to rein in energy prices. WCS for April delivery in Hardisty, Alberta, settled at $13.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.75 on Tuesday. * Oil prices settled up nearly 5% on Wednesday as fresh attacks on ships in the Strait [Read more]
Headlines
Saturn Oil & Gas Inc. Announces 2025 Results and Reserves, With $110 Million of Debt Repayment, Record Q4 Production Ahead of Guidance and 50% Free Funds Flow Yield
43,657 boe/d production in Q4/25 exceeded guidance by over 1,100 boe/d(2) and was 6% higher than Q3/25 Repaid $110 million of debt to exit 2025 with $761.5 million of net debt(1) Adjusted funds flow(1) ("AFF") of $464 million ($2.40/share) in 2025 increased 22% year-over-year Record $223 million ($1.15/share) of annual free funds flow(1) drove 50% free funds flow yield(1) at year-end, with over $33 million returned to shareholders in 2025 via ongoing share buybacks $5.47/share of [Read more]
Birchcliff Energy Ltd. Announces the Filing of its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2025 and Provides Operational Update
CALGARY, Alberta, March 11, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements (the “financial statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2025 (collectively, the “Annual Filings”). The AIF contains the reserves data and other oil and gas information as required by [Read more]
Freehold Royalties Announces 2025 Results and 2026 Guidance
CALGARY, Alberta, March 11, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces fourth quarter and year-end results for the period ended December 31, 2025. 2025 Highlights Completed the previously announced termination of the long-standing management agreement with Rife Management Ltd. (formerly Rife Resources Management Ltd.). Achieved record annual production of 16,294 boe/d, a 9% increase from 2024; Total annual crude oil and natural [Read more]
Only Trump can approve possible US participation in oil release, says Burgum
U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency's move to release 400 million barrels of oil, but said only President Donald Trump could approve participation by Washington in such a move. Burgum, speaking to CNBC, also said U.S. oil companies would soon announce increased production amid price spikes triggered by the Iran conflict. "I think what you're hearing out of the IEA today is reasonable on their part, but clearly, whether the U.S. [Read more]
Trump to invoke emergency law for California oil producer Sable, Bloomberg News reports
U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Shares of Sable rose 16.3% to $16.75 in afternoon trading. Trump is preparing to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable, the report added. The planned order would also pave the way [Read more]
Iran has laid about a dozen mines in Strait of Hormuz, sources say
Iran has deployed about a dozen mines in the Strait of Hormuz, two sources familiar with the matter said, in a move likely to complicate the reopening of the narrow waterway, an important route for shipping oil and liquefied natural gas. Exports of oil and LNG through the strategic chokepoint along Iran's coast have effectively been halted by the war launched 12 days ago by the United States and Israel, helping to drive a surge in world energy prices. Iran’s military command on Wednesday [Read more]
US companies to increase oil production amid Iran conflict, Interior Secretary Burgum says
U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. "I think you're going to see them all announcing that they've increased production, you know, here in the United States in response to the price signals and in response to the need that we have right now," Burgum told CNBC during an interview. (Reporting by Jasper Ward in Washington; Editing by Chris Reese) [Read more]
Canada looks for ways to increase oil production to curb price spikes from Iran war
Canada will look at ways to increase its crude production to help global efforts to stabilize oil prices in the face of the Iran war, Natural Resources Minister Tim Hodgson said on Wednesday. The Canadian government is talking to the country's oil producers about delaying planned maintenance projects at oil sands facilities in order to temporarily increase output, Hodgson told reporters in Ottawa. It is also asking Canadian refineries that are using imported oil to use more domestic oil, in [Read more]
US gasoline prices surpass $3.50 a gallon at the pumps as Iran war rages on
The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as the Israel-U.S. war with Iran stokes supply concerns. Disruptions to Middle Eastern oil exports through the Strait of Hormuz have caused a surge in fuel prices across the globe that is threatening to pinch consumers' wallets and derail global economic activity. That could pose the biggest risk for U.S. President Donald [Read more]
- « Previous Page
- 1
- …
- 51
- 52
- 53
- 54
- 55
- …
- 3636
- Next Page »