OPEC

• OPEC+ oil targets unchanged as Russian price caps spark uncertainty

  The 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.

  World

  Dec 4, 2022
  
• Saudi Arabia says OPEC+ sticking with oil output cuts despite reports

  Saudi Arabia said that OPEC+ was sticking with oil output cuts, denying a report it was considering boosting output, according to state news agency SPA.

  World

  Nov 21, 2022
  
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• OPEC slices oil demand growth forecast again as economic challenges mount

  The group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week.

  World

  Nov 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.

  Canada

  Oct 26, 2022
• Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cuts

  Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.

  World

  Oct 18, 2022
• Alberta gas prices at standstill, while other major Canadian cities see price drop

  Several large metropolitan cities across Canada saw a drop in gas prices heading into the weekend but that wasn't the case in Alberta.

  Consumer

  Oct 16, 2022
• U.S., Saudi Arabia clash over reason for OPEC+ oil cuts

  The 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."

  World

  Oct 13, 2022
• Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil production

  Biden 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.

  World

  Oct 12, 2022
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• Biden re-thinking U.S.-Saudi relationship after OPEC+ cuts oil production: White House

  U.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.

  Economy

  Oct 11, 2022
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• OPEC and allies trim oil outputs as recession fears drive down prices

  Oil 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.

  Canada

  Sep 5, 2022