OPEC
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OPEC+ oil targets unchanged as Russian price caps spark uncertaintyThe Saudi-led OPEC oil cartel and allied producers did not change their targets for shipping oil amid uncertainty about the impact of new Western sanctions against Russia.WorldDec 4, 2022
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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 slices oil demand growth forecast again as economic challenges mountThe group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week.WorldNov 14, 2022
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OPEC+ will slash oil production next month. Will Canadian gas prices change?OPEC+ will slash its global output by two million barrels per day in November at a time when international inventories of crude oil remain tight.CanadaOct 26, 2022
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Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cutsBiden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.WorldOct 18, 2022
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Alberta gas prices at standstill, while other major Canadian cities see price dropSeveral large metropolitan cities across Canada saw a drop in gas prices heading into the weekend but that wasn't the case in Alberta.ConsumerOct 16, 2022
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U.S., Saudi Arabia clash over reason for OPEC+ oil cutsThe IEA on Thursday added that OPEC's move could worsen demand, saying "higher oil prices may prove the tipping point for a global economy already on the brink of recession."WorldOct 13, 2022
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Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil productionBiden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut.WorldOct 12, 2022
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Biden re-thinking U.S.-Saudi relationship after OPEC+ cuts oil production: White HouseU.S. President Joe Biden was disappointed in the OPEC+ decision to cut global oil production and is rethinking the country's relationship with Saudi Arabia as a result.EconomyOct 11, 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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