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1. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   Jun 4, 2024 · In Canada, the downward trend in oil prices weighed on the TSX, where the energy index of companies was down more than two per cent. TC Energy shareholders approve spinoff, creation of South...

2. www.theglobeandmail.com › business › industry-newsOil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com › business › industry-news

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   Jun 4, 2024 · Oil prices fell more than $1 a barrel 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.

3. simplywall.st › markets › caCanadian (TSX) Oil and Gas Industry Analysis - Simply Wall St

   simplywall.st › markets › ca

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   1 day ago · Investors are pessimistic on the Canadian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 16.9x.

4. www.bnnbloomberg.ca › oil-price-news-oil-slumps-asOil price news: Oil slumps as OPEC’s surprise plan to raise ...

   www.bnnbloomberg.ca › oil-price-news-oil-slumps-as

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   Jun 2, 2024 · Analysts had been torn on whether the decision would be bearish for crude, or whether the group would still be able to diligently manage the market. Oil has dropped over the past two months as geopolitical risks ebbed and demand showed signs of weakening.

5. www.theglobeandmail.com › business › industry-newsOil hits four-month low as OPEC+ decision fails to allay ...

   www.theglobeandmail.com › business › industry-news

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   Jun 3, 2024 · Oil prices tumbled more than $2 a barrel on Monday to their lowest in nearly four months, as investors worried about the demand outlook and took a complicated OPEC+ output decision as a sign...

6. finance.yahoo.com › news › oil-prices-slip-despiteOil hits four-month low as OPEC+ decision fails to allay ...

   finance.yahoo.com › news › oil-prices-slip-despite

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   Jun 3, 2024 · NEW YORK (Reuters) -Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher supplies...

7. People also ask

   Why did oil prices fall more than $1 a barrel?

   • Oil prices fell more than $1 a barrel 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. Extending losses from a four-month low reached on Monday, Brent crude futures settled down 84 cents, or 1.07 per cent, at $77.52 a barrel.

   Oil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-fall-on-concerns-of-supply-rising-later-in-2024/

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   Will OPEC cuts boost oil prices in 2025?

   • Continuation of the voluntary cuts at their full extent will keep the oil market tight to the end of September and potentially boost prices by as much as $10 a barrel, JPMorgan Inc. analysts said in a note. “However, pressure on prices could build after that, as supply outside of OPEC rises and demand slows in 2025,” according to the bank.

   OPEC+ Extends Cuts But Lays Out Plan to Bring Barrels Back - Yahoo Fin…

   finance.yahoo.com/news/opec-outline-deal-extending-key-093323429.html

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   Why did oil prices fall early on Monday?

   • Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT.

   Oil prices slip despite OPEC+ production cut extension

   finance.yahoo.com/news/oil-prices-slip-despite-opec-003706635.html

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   How has the Canadian oil and gas industry changed over the past 12 months?

   • In the last week, Oil and Gas has been flat. As for the the longer term, the industry is up 20% over the past 12 months. Looking forward, earnings are forecast to grow by 6.9% annually. Has the Canadian Oil and Gas Industry valuation changed over the past few years?

   Canadian (TSX) Oil and Gas Industry Analysis - Simply Wall St

   simplywall.st/markets/ca/energy/oil-gas

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   Will a voluntary oil cut increase oil prices in 2025?

   • The alliance said in a statement that it also agreed to prolong that accord to the end of 2025. Continuation of the voluntary cuts at their full extent will keep the oil market tight to the end of September and potentially boost prices by as much as $10 a barrel, JPMorgan Inc. analysts said in a note.

   OPEC+ Extends Cuts But Lays Out Plan to Bring Barrels Back - Yahoo Fin…

   finance.yahoo.com/news/opec-outline-deal-extending-key-093323429.html

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   What if oil prices drop?

   • “If we do see a significant drop in oil prices, then you will have to question the soundness of global economy,” Flynn said. “Then it will look like the Federal Reserve has done too much.” On top of this, supply is rising from non-OPEC producers such as the U.S.

   Oil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-fall-on-concerns-of-supply-rising-later-in-2024/

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8. finance.yahoo.com › news › opec-outline-dealOPEC+ Plan to Restore Output Spurs Debate on Oil Trajectory

   finance.yahoo.com › news › opec-outline-deal

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   Jun 3, 2024 · (Bloomberg) -- OPEC+ set out a timetable for gradually unwinding some of its oil production cuts, sparking a debate about whether the market will be able to absorb those extra barrels.

   • Video Duration: 3 min

   • Author: Grant Smith, Salma El Wardany,Nayla Razzouk