Oil Markets

• Oil market remains strong despite negative sentiment: OPEC

  OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth.

  Economy

  Nov 13, 2023
  
• OPEC, allied nations agree to extend oil production cut until end of July

  The curbed output represents some 10 per cent of the world's overall supply.

  Economy

  Jun 6, 2020
  
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• OPEC, oil nations agree to record-setting oil production cut amid coronavirus pandemic

  Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers.

  Canada

  Apr 12, 2020
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• Global deal in the works to pump less crude oil, stabilize market

  Oil prices have more than halved since the start of the year amid a pricing war between Saudi Arabia and Russia.

  Economy

  Apr 9, 2020
• Ottawa is open to proposals for B.C. refinery amid rising gas prices: Trudeau

  The prime minister says he knows B.C. residents are struggling and the federal government is open to ideas that would make life more affordable for Canadians.

  Canada

  Jul 19, 2019
• Gasoline prices in most of Canada set to rise this weekend: energy analyst

  Dan McTeague, a senior petroleum analyst at GasBuddy.com, says gasoline prices are at near-18-month lows because of global oil prices that have tumbled over the past two months on worries of an economic downturn, a U.S.-China trading tiff and concerns that members of the OPEC oil cartel won't live up to production cuts.

  Economy

  Dec 27, 2018
• Anxiety in the air as Davos World Economic Forum kicks off

  A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets.

  Money

  Jan 20, 2016