OPEC
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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
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Gas prices are high today, but OPEC forecasts cooling oil demand next yearOPEC said its 2023 forecasts assume there will be no escalation of the war in Ukraine and that risks such as rising inflation do not take a heavy toll on global economic growth.WorldJul 12
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U.S. applauds OPEC decision to keep pumping more oil amid economic uncertaintyThe Biden administration, under pressure due to sharply higher inflation on a range of consumer goods, also took aim at possible price gouging by gasoline sellers.WorldJan 4
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OPEC+ sticks to oil output plan despite Omicron uncertaintyOfficials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-Omicron pattern of steady, modest monthly increases in oil releases.EconomyDec 2, 2021
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OPEC+ ignores Biden’s plea for faster oil output as energy prices soarAfter the OPEC+ decision, the White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.EconomyNov 4, 2021
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The world is suffering from a shortage of vinyl records and massive price shocksIf you've been shopping for records recently, you may have suffered some serious sticker shock. Market forces are conspiring to choke the vinyl resurrection.EntertainmentOct 10, 2021
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Will Canadians see cheaper gas prices this fall? Here’s what analysts sayOn Wednesday, the most expensive gas was in British Columbia, which averaged around $1.54 per litre, while the cheapest was in Saskatchewan with prices floating around $1.31.ConsumerSep 1, 2021
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Stocks sink on fears COVID-19 Delta variant will stunt economic recoveryInvestors pummeled the stocks of companies, such as airlines, sensitive to the reopening of the economy.MoneyJul 19, 2021
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OPEC oil alliance at impasse over production levelsTalks among members of the OPEC cartel and allied oil-producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.WorldJul 5, 2021
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Kenney unconcerned with OPEC demand drop, says ‘real world’ needs oil and gasJason Kenney told reporters Tuesday there will be a supply crunch once global demand recovers after the COVID-19 pandemic and Alberta 'will be there.'CanadaSep 15, 2020
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