Search results
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
Jun 28, 2018 · High oil prices tend to push up inflation, while higher interest rates do the opposite. Central banks generally tweak interest rates to keep inflation within a desirable, moderate rate that...
Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
Dec 12, 2023 · Analysts say there are a number of factors at play here, namely geopolitical instability, fears of a global recession and hesitation around whether there will be follow through on oil output...
Jul 14, 2022 · Greater downside risk to prices is in 2023. The greater potential for an oil price undershoot is not so much over the next few months, but in 2023. For example, the EIA’s price forecast of nearly $100 next year imbeds the assumption that global growth would run at a healthy 3.4% next year.
Oct 21, 2021 · Rising oil prices won’t solve Canada’s oil and gas problems. Oil and natural gas prices have risen considerably over the past nine months. The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021.
Oct 5, 2022 · The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and...
