Canada Explores Oil Supply Boost Amid War-Driven Market Chaos
The Canadian government and domestic oil producers are weighing the delay of critical refinery and pipeline maintenance as part of an emergency strategy to maximize crude supply amid global market volatility. The move to postpone “turnarounds”—regularly scheduled shutdowns for equipment upgrades and safety checks—could temporarily keep hundreds of thousands of barrels of oil flowing that […]
Frontera To Sell Colombian Upstream Portfolio To Parex For $750 Million
Frontera Energy (TSX: FEC) has again entered into a definitive agreement to divest its entire Colombian upstream portfolio. The deal, which sees the company transitioning toward a specialized infrastructure model, involves the sale of its Colombian exploration and production assets to Parex Resources (TSX: PXT) for an implied value of $750 million, and comes after […]
US Strikes Iranian Vessels Near Hormuz Strait, Citing Unverified Mine Threat
The US military struck and destroyed 16 Iranian naval vessels near the Strait of Hormuz on Tuesday, acting on what American officials described as intelligence indicating Iran was preparing to deploy mines in the waterway — though the mine-laying itself has not been independently verified, and the White House offered conflicting accounts of the situation […]
NDP MP Lori Idlout Defects to Liberals, Narrowing Gap to Majority
NDP MP Lori Idlout, representing Nunavut, has crossed the floor to join the Liberal Party, marking a significant shift in the Canadian political landscape. This defection brings the Liberals within striking distance of a majority in the House of Commons, with just two more seats needed to secure control. Idlout’s move, confirmed by NDP Leader […]
IEA Proposes Record-Breaking Oil Reserve Release to Stabilize Global Markets
The International Energy Agency has put forward a historic proposal for the largest coordinated oil reserve release in its history, aiming to ease mounting pressure on global energy markets. The plan, circulated during an emergency meeting of member countries, would surpass the 182 million barrels released in 2022, marking an unprecedented response to supply concerns. […]
US Faces Critical Rare Earth Shortage With Just Two Months of Military Supplies Left
The United States is grappling with a severe shortage of rare earth elements, holding just two months of supplies critical for military use, a situation that could limit Washington’s ability to sustain operations in conflicts like potential strikes on Iran. These elements, vital for missile guidance systems, fighter jets, and radar technologies, have exposed a […]
LNG Canada Boosts Output to 1.2 Million Tonnes as Iran Conflict Threatens Global Gas Supply
LNG Canada has ramped up production to 1.2 million tonnes per month at its Kitimat facility in British Columbia, marking a key step in bolstering North American gas exports amid rising geopolitical tensions in the Middle East. The facility, operated by a consortium led by Shell, hit this output level in early March 2026, with […]
U.S. Navy Rejects Hormuz Escort Requests Amid Iran Conflict, Crippling Global Oil Supply
The U.S. Navy has turned down near-daily pleas from the shipping industry for military escorts through the Strait of Hormuz, citing an unacceptably high risk of attacks since the outbreak of the U.S.-Israeli war on Iran over a week ago. This decision has stalled exports of roughly a fifth of the world’s oil supply, driving […]
First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon
First Majestic Silver (TSX: AG) (NYSE: AG) has announced assay results from their 2025 exploration drill program at the Jerritt Canyon Gold Mine in Nevada. The campaign, which included 57 drill holes totaling 18,300 meters, successfully confirmed resource continuity.
US Faces Rare Earth Shortage as China Holds Leverage Over Military Strikes on Iran
The United States has just two months of rare earth supplies left for military use, a critical vulnerability as it sustains strikes on Iran, with China positioned to wield significant influence over the duration and cost of the conflict. These elements, vital for missile guidance systems, fighter jets, and radar technologies, are predominantly sourced from […]