Oil Prices Today

• Oil and gas industry earned US$4T last year, says IEA chief

  The 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.

  World

  Feb 14, 2023
  
• Trump says it ‘looks’ like Iran is behind Saudi oil attack: Here’s what we know

  The U.S. president's comments are just another episode exacerbating tensions between the U.S. and Iran.

  World

  Sep 17, 2019
  
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• Gas prices in Canada will feel slight impact from Saudi attack, for now: analysts

  Saudi Arabia is racing to restore production, but analysts say global impacts could broaden as more time passes.

  Economy

  Sep 16, 2019
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• 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
• Canada 150: How oilsands changed Alberta and Canada forever

  Almost a century ago, men and money laboured mightily to turn black, sandy gunk into something that people would pay for. Eventually, an industry was founded. The result changed Alberta — and Canada — forever.

  Canada

  May 9, 2017
• 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
• Oil prices could finish 2016 on triumphant note despite year of political shock

  Oil prices made fresh gains on Friday and were heading for their biggest annual percentage rise since 2009.

  Money

  Dec 30, 2016
• Oil prices soar to 18-month high as global producers agree to cut output

  Oil rose to an 18-month high Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

  Canada

  Dec 12, 2016
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• 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
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• Canadian dollar hits three-week high as oil surges

  The Canadian dollar strengthened against its firmer U.S. counterpart on Wednesday as oil prices jumped on prospects of an OPEC output cut.

  Canada

  Nov 30, 2016