Oil Price
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Oil market could shift into surplus at the start of 2024, IEA saysThe International Energy Agency joins the Organization of the Petroleum Exporting Countries in raising its oil demand growth forecast for 2023.WorldNov 14, 2023
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Oil price falls, weighing down TSX in late-morning tradingThe S&P/TSX composite index was down 56.87 points this morning at 18,964.05.MoneyOct 4, 2023
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Businesses, consumers feeling the pinch with Metro Vancouver gas over $2/LThe price of gas in Metro Vancouver appears set to stick above $2 per litre for the foreseeable future, and businesses and consumers are already feeling the pinch.MoneyAug 28, 2023
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Metro Vancouver gas prices headed for a fall spike, analyst saysA sustained rally in the price of oil is likely to push gas prices in the region as high as $2.15 or $2.20 by mid-September, according to one industry analyst.ConsumerAug 9, 2023
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Metro Vancouver gas prices top $2 per litre, and could go higher stillGas prices as high as $2.05 per litre were observed in many parts of the region on Monday, which petroleum industry analyst Dan McTeague said was due to rising crude oil prices.ConsumerJul 31, 2023
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Fuel tax relief program extended until end of year, Alberta premier saysPremier Danielle Smith says the program, which saves Albertans 13 cents per litre at the pumps, was set to expire at the end of this month.ConsumerJun 19, 2023
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Saudi Arabia, other OPEC+ nations will further slash oil productionSaudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move.EconomyApr 2, 2023
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Oil and gas industry earned US$4T last year, says IEA chiefThe global oil and gas industry's profits in 2022 jumped to some US$4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency says.WorldFeb 14, 2023
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Saudi Arabia says OPEC+ sticking with oil output cuts despite reportsSaudi Arabia said that OPEC+ was sticking with oil output cuts, denying a report it was considering boosting output, according to state news agency SPA.WorldNov 21, 2022
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OPEC and allies trim oil outputs as recession fears drive down pricesOil prices have gyrated in recent months: Recession fears have pushed them down, while worries of a loss of Russian oil because of sanctions pushed them up.CanadaSep 5, 2022
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