OPEC

• OPEC+ agrees to higher oil production ‘to support oil market stability’

  After the Iran war choked off about a fifth of the world's oil supply for several months, the world's largest alliance of oil-producing nations agreed to increase its quota.

  World

  Jul 6
  
• The UAE has quit OPEC. What does it mean for the future of oil?

  The kingdom took a “policy-driven” decision to leave the bloc, said the country’s energy minister Suhail bin Mohammed al-Mazrouei.

  World

  Apr 28
  
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• OPEC secretary-general takes aim at net-zero targets calling them ‘detached from reality’

  The Secretary General of OPEC told the Global Energy Show in Calgary that energy demand is expected to increase by 24 per cent by the year 2050.

  Economy

  Jun 10, 2025
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• Alberta’s energy industry, government watch nervously as oil prices hit 4-year low

  With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

  Economy

  May 5, 2025
• Canada’s energy industry faces ‘maelstrom’ of uncertain global economy

  After a week of economic turmoil, Canada's energy industry – and the governments that rely on it for revenue – will be watching the markets closely in the coming days.

  Consumer

  Apr 6, 2025
• 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
• Russia, Saudi Arabia cut oil supply again to raise price

  Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up price to boost income from the fossil fuel.

  World

  Jul 3, 2023
• How much will gas cost this summer? Here’s what Canadians can expect

  Gas Buddy is warning that while prices for gasoline have dropped the last week, recent decisions to cut the supply of oil could place upward pressure on prices.

  Canada

  Jun 6, 2023
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• ‘Alberta should be a little worried’: Saudi Arabia responds to uncertain outlook for oil demand

  Alberta experts react to Saudi Arabia's announcement to cut oil output to limit supply as OPEC+ tries to boost drooping oil prices.

  Economy

  Jun 4, 2023
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• Oil prices could hit US$100 a barrel this year, industry experts say

  A surprise production cut of more than a million barrels per day unexpectedly announced by OPEC+ on Sunday sent oil futures surging.

  Money

  Apr 4, 2023