Oil Forecast

• Oil market could shift into surplus at the start of 2024, IEA says

  The International Energy Agency joins the Organization of the Petroleum Exporting Countries in raising its oil demand growth forecast for 2023.

  World

  Nov 14, 2023
  
• Crescent Point raises production guidance as shut-in production restarts

  Crescent Point Energy Corp. raised its production guidance for the year as it said it restarted production that was shut in when energy prices crashed due to the pandemic.

  Canada

  Sep 1, 2020
  
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• New pipelines and better prices expected to drive higher Canadian crude output

  The Canadian Energy Research Institute predicts Canadian crude oil production will jump to 7.2 million barrels per day by 2038, aided by thirsty markets that will drive global oil prices above US$100 per barrel by 2030.

  Canada

  Jun 19, 2018
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• Oil prices hit 18-month high as OPEC output deal kicks in

  Oil prices hit 18-month highs on Tuesday buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut.

  Money

  Jan 3, 2017
• OPEC, non-OPEC agree first global oil pact since 2001

  OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut.

  Dec 10, 2016
• OPEC oil output hits record numbers amid deal to cut supply

  OPEC's oil output set another record high in November ahead of a deal to cut production.

  Canada

  Dec 5, 2016