Canadian Oil Release, U.S. Rig Count, Record U.S. Gas Production: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
Canada to Support IEA Oil Release with 23.6 Million Barrels - Canada will support the International Energy Agency's (IEA) crude oil release with 23.6 million barrels from domestic producers, Energy Minister Tim Hodgson said on Friday. The IEA on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles held ⁠by member nations to combat a spike in prices since the start of the U.S.-Israeli war on Iran. "We will support this collective action with 23.6 million Canadian barrels, produced by our industry and coordinated with the federal and provincial governments," Hodgson said ⁠in a statement. (Reuters)

PRODUCTION
U.S. Drillers Add Rigs for Second Week - U.S. energy firms last week added oil and natural gas rigs for a second week in a row for the first time since early February, energy services firm Baker Hughes reported. The oil and gas rig count rose by two to 553 in the week ending March 13, its highest since November 2025. Baker Hughes said oil rigs rose by one to 412 last week, their highest since early February, while gas rigs rose by one to 133, their highest since late February. (Reuters)

EIA: U.S. Natural Gas Production Hit Record High in 2025 - Marketed natural gas production in the U.S. reached a record high of 118.5 billion cubic feet per day (Bcf/d) on average in 2025, the U.S. Energy Information Administration (EIA) said on Friday. The Appalachia, Permian and Haynesville regions ⁠accounted for 81% of last year's growth and showed about 4.2 Bcf/d growth, compared with 1.1 Bcf/d for other regions, the agency said. (EIA)

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).