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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.
2 days ago · An increase in OPEC crude output is negative for oil prices. OPEC May crude production rose +60,000 bpd to 26.96 million bpd, a 5-month high. Higher than-expected Russian crude output and exports ...
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.
2 days 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.
Jun 2, 2024 · The Organization of the Petroleum Exporting Countries (OPEC+) on Sunday agreed to extend output cuts through next year, likely keeping prices high through the November presidential election.
- Bradford Betz
Jun 21, 2024 · Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.
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Jun 3, 2024 · Oil prices have responded in a downward spiral due to the fact that the majority of the total cuts from both categories come from the voluntary scheme. Total cuts are 3.66 million barrels per...
