Russian President Vladimir Putinsaid on Wednesday that it could be beneficial for Russia to halt gas supplies to Europe right now amid a spike in energy prices triggered by the Iran crisis, rather than wait for a European ban on remaining purchases. He pointed to new markets opening up for Russian gas, such as China, and linked any such decision to Europe's "misguided policies". Following are some key facts about Russian sea-borne liquefied natural gas and pipeline gas [Read more]
Headlines
Global economy faces inflation and growth test amid escalating conflict in Iran – Goldman
A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows. Under its baseline forecast, Goldman expects oil prices to increase a bit further before moderating to $76 per barrel on average in the first quarter of 2026 and $65 in the fourth quarter. In an upside scenario, it expects oil prices to rise to about $100 per barrel, [Read more]
Tourmaline sells Alberta natural gas assets for $765 million
CALGARY - Tourmaline Oil Corp. says it has sold natural gas assets in northwestern Alberta for $765 million. The Calgary-based company says the buyer of the Peace River High assets is a "Canadian senior producer" but did not disclose its identity. The Competition Bureau said in an online notice in late January that it did not plan to challenge a transaction between Tourmaline and Canadian Natural Resources Ltd., one of Canada's top oil and gas producers, but provided no further [Read more]
Canadian Natural Resources Limited Announces Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - March 5, 2026) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 6.4% increase to its quarterly cash dividend on its common shares to $0.625 (sixty-two and one half cents) per common share, up from the previous quarterly cash dividend of $0.5875 (fifty-eight and three quarter cents) per common share. The dividend will be payable on April 7, 2026 to shareholders of record at the close of business on [Read more]
Oil and gas leads Canada in environmental protection spending
Producers and pipeline operators invested $17.9 billion from 2019 to 2023 By Deborah Jaremko on March 2, 2026, 12:37 pm MST Photo courtesy Canada's Oil Sands Innovation Alliance New numbers show Canada’s oil and gas sector remains far ahead of other industries when it comes to environmental protection spending. Statistics Canada reports that oil and gas producers and pipeline operators spent $4.3 billion on environmental protection in 2023 — the highest total among the 20 [Read more]
Jet fuel’s huge price surge points to coming pain from Iran war: Russell
The explosion in jet fuel prices in Asia is an early indicator that the economic pain of the war in the Middle East is about to become reality for energy consumers. Jet fuel prices in Asia's trading hub Singapore rocketed 72% to $225.44 a barrel on Wednesday, a record high, on worries about future supplies given the disruption of about 20 million barrels per day (bpd) of crude oil and refined product shipments through the Strait of Hormuz. The spot price of jet kerosene has now gained 140% [Read more]
BP’s foreign staff evacuated from Iraq oilfield after drones landed in field, sources say
Foreign staff were evacuated from Iraq's giant Rumaila oilfield, run by British energy major BP, after two unidentified drones landed inside the field on Thursday, three Iraqi oil industry sources told Reuters. "We are taking all necessary steps to support our partners and ensure the safety of our people," a BP spokesperson told Reuters. "We are continuously assessing the situation, have been communicating with those people under our duty of care and will address them directly should there [Read more]
InPlay Oil Corp. Announces 2025 Financial, Operating and Reserves Results Highlighted by Light Oil Production Growth of 131% and Total Proved and Probable Reserve Replacement of 1,084%
CALGARY, AB, March 5, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2025, along with the results of its independent oil and gas reserves evaluation effective December 31, 2025 (the "Reserve Report") prepared by GLJ Ltd. ("GLJ"). InPlay's audited annual financial statements and notes, and Management's Discussion and Analysis ("MD&A") [Read more]
Canadian Natural Resources beats profit estimates on higher production
Canadian Natural Resources surpassed analysts' expectations for fourth-quarter profit on Thursday, benefiting from higher oil production. Canadian oil sands producers, including Canadian Natural Resources, weathered a global sector downturn, hit by U.S. tariff uncertainty and rising OPEC+ supply, thanks to years of investment that kept their costs among the lowest in North America. The country's largest oil and gas producer said its output rose to 1.66 million barrels of oil equivalent per [Read more]
Canadian Natural Resources Limited Announces 2025 Fourth Quarter and Year End Results
Calgary, Alberta--(Newsfile Corp. - March 5, 2026) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's fourth quarter and year end 2025 results, "The year 2025 was the best operational year in the Company's long history of maximizing value for our shareholders. We set several production records, lowered our operating costs and capital expenditures came in under our forecast. We grew organically and completed several accretive acquisitions, including [Read more]
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