Oil News

• Ukraine war: Russia rejects US$60 a barrel cap on its oil, threatens to cut supply

  The office of Ukrainian President Volodymyr Zelenskyy called Saturday for a lower price cap on Russian oil than the one agreed to by Ukraine's Western supporters.

  World

  Dec 3, 2022
  
• OPEC slices oil demand growth forecast again as economic challenges mount

  The group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week.

  World

  Nov 14, 2022
  
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• COVID-19: Oil prices, jobs slashed as global coronavirus spread continues

  Oil industry analysts fear that what they thought was a contained disruption may instead lead to more travel restrictions and even less oil consumed.

  Economy

  Feb 29, 2020
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• OPEC, Russia expected to cut oil production despite pressure from Trump

  OPEC's de facto leader, Saudi Arabia, has indicated a need for steep oil output reductions beginning in January, fearing a glut.

  World

  Dec 5, 2018
• Oil prices spike to highest level since 2014 after Trump exits Iran deal

  Donald Trump on Tuesday pulled out of an international nuclear deal with Iran, making investors nervous about rising risks of conflict in the Middle East and about oil supplies in a tight market.

  Economy

  May 9, 2018
• OPEC tries to boost oil prices by extending production cuts through 2018

  The crude output cuts are intended to keep supplies tight and bolster prices.

  World

  Nov 30, 2017
• Oil prices rise amid talk of limiting production through 2018

  Oil prices lifted on the announcement that Russia and Saudi Arabia want to extend oil production cuts through the first quarter of 2018.

  Economy

  May 15, 2017
• Oil prices sink to 3-month low as global supply rises

  Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in production from its biggest member, Saudi Arabia.

  Money

  Mar 14, 2017
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• Price of oil up $1 as OPEC members cut production as promised

  Oil prices jumped more than $1 a barrel on Thursday on news that key OPEC members were cutting production as promised and on forecasts of strong demand growth in China.

  Canada

  Jan 12, 2017
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• Loonie reaches 3 week high amid upbeat global economy

  The Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Wednesday, together with gains for other commodity-linked currencies after upbeat global economic data.

  Canada

  Jan 4, 2017