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1. globalnews.ca › news › 9227198OPEC+ will slash oil production next month. Will Canadian gas ...

   globalnews.ca › news › 9227198

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   Oct 26, 2022 · Canadians wanting cheaper gas prices will see less oil on the marketplace next month thanks to a significant production cut by an alliance of oil-exporting nations.

   • Gas prices in Canada could rise further as OPEC+ sharply cuts ...

     How OPEC's move could impact Canadian gas prices. Gasoline...

2. www.cbc.ca › news › canadaOil surges to 7-year high after OPEC+ decides on cautious ...

   www.cbc.ca › news › canada

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   Oct 4, 2021 · Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels...

3. Videos

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     Oil prices spike as OPEC+ producers announce cuts

     Apr 3, 2023

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     Will the OPEC+ oil output cut make inflation worse? | Counting the Cost

     Apr 8, 2023

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     What is OPEC? | CNBC Explains

     Jun 20, 2018

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4. globalnews.ca › news › 10522634What is OPEC and how does it affect oil prices?

   globalnews.ca › news › 10522634

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   May 24, 2024 · After that development, OPEC+ reduced oil production by 10 million barrels a day, which is equivalent to about 10 per cent of global production, to try to bolster prices.

5. globalnews.ca › opec-meeting-oil-prices-productionGas prices in Canada could rise further as OPEC+ sharply cuts ...

   globalnews.ca › opec-meeting-oil-prices-production

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   Oct 5, 2022 · How OPEC's move could impact Canadian gas prices. Gasoline prices in Canada continue to creep higher ahead of the Thanksgiving long weekend – and further impact may be felt as a result of...

6. www.ctvnews.ca › business › some-opec-members-willOPEC+ members to cut oil exports to try to boost prices | CTV ...

   www.ctvnews.ca › business › some-opec-members-will

   Nov 30, 2023 · The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and...

7. energynow.ca › 2023 › 06What is OPEC+ and How Does it Impact Oil Prices?

   energynow.ca › 2023 › 06

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   Jun 1, 2023 · On April 2, OPEC+ agreed to deepen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, until the end of 2023, which helped to push up oil prices by about $9 a barrel to above $87 per barrel over the following days, but Brent prices have since lost those gains.

8. People also ask

   How will OPEC+ affect Canadian gas prices?

   • Canadians wanting cheaper gas prices will see less oil on the marketplace next month thanks to a significant production cut by an alliance of oil-exporting nations. In November, OPEC+ will slash its global output by two million barrels per day at a time when international inventories of crude oil remain tight.

   OPEC+ will slash oil production next month. Will Canadian gas prices

   globalnews.ca/news/9227198/opec-oil-production-cuts-canadian-gas-prices/

   See all results for this question

   How does OPEC affect oil prices?

   • On April 2, OPEC+ agreed to deepen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, until the end of 2023, which helped to push up oil prices by about $9 a barrel to above $87 per barrel over the following days, but Brent prices have since lost those gains. How do OPEC decisions affect the global economy?

   What is OPEC+ and How Does it Impact Oil Prices?

   energynow.ca/2023/06/what-is-opec-and-how-does-it-impact-oil-prices/

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   Will OPEC+ cut oil production?

   • WATCH: OPEC+ sharply cuts oil production, U.S. disappointed by "shortsighted decision" – Oct 5, 2022 Canadians wanting cheaper gas prices will see less oil on the marketplace next month thanks to a significant production cut by an alliance of oil-exporting nations.

   OPEC+ will slash oil production next month. Will Canadian gas prices

   globalnews.ca/news/9227198/opec-oil-production-cuts-canadian-gas-prices/

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   Will OPEC cuts affect gasoline prices?

   • The impact of the production cut on oil prices – and thus the price of gasoline made from crude – will be limited somewhat because OPEC+ members already can’t meet their quotas. Still, the move could result in higher pump prices for North American drivers.

   Gas prices in Canada could rise further as OPEC+ sharply cuts oil

   globalnews.ca/news/9177617/opec-meeting-oil-prices-production/

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   Why did OPEC cut oil production by 2 million barrels a day?

   • Energy ministers cut production by a larger-than-expected 2 million barrels per day starting in November after gathering for their first face-to-face meeting at the Vienna headquarters of the OPEC oil cartel since the start of the COVID-19 pandemic.

   Gas prices in Canada could rise further as OPEC+ sharply cuts oil

   globalnews.ca/news/9177617/opec-meeting-oil-prices-production/

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   Will OPEC's joint oil production policy affect global oil prices?

   • Members of the The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia will meet next week (June 2, 2024) to discuss their joint oil production policy, which could have a impact on global oil prices. Jakub Porzycki/NurPhoto via Getty Images

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

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9. www150.statcan.gc.ca › n1 › pubThe oil and gas sector in Canada: A year after the start of ...

   www150.statcan.gc.ca › n1 › pub

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   Jul 28, 2021 · Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand.