Yahoo Canada Web Search

Search results

1. www.cbc.ca › news › canadaUncertainty rattles global crude prices, puts spotlight on ...

   www.cbc.ca › news › canada

   • Cached

   Sep 11, 2024 · OPEC+ has implemented a series of output cuts since late 2022 to support the market, most of which are in place until the end of 2025. The group was due to start unwinding the most recent layer of ...

2. calgary.ctvnews.ca › opec-decision-could-affectOPEC+ decision could further impact pump prices | CTV News

   calgary.ctvnews.ca › opec-decision-could-affect

   Oct 6, 2022 · Decisions made at a conference of international oil producers are expected to affect the crude oil market and the price of gasoline at Alberta pumps, which are already back to summer peaks.

3. Videos

   • 

     5:02

     youtube.com

     U.S. oil production is a 'real problem for OPEC', says top energy analyst Paul Sankey

     Nov 30, 2023

     203.5K Views

   • 

     3:31

     finance.yahoo.com

     Oil prices: OPEC+ could deliver an August surprise, analyst says

     Jul 29, 2024

   • 

     1:07

     msn.com

     Gas Prices Plummet As Oil Market Weakens, Experts Skeptical of $2 Gas Claims

     Sep 28, 2024

   View all

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

   globalnews.ca › news › 10522634

   • Cached

   May 24, 2024 · In 2020, during COVID-19 lockdowns around the world, crude oil prices slumped. After that development, OPEC+ reduced oil production by 10 million barrels a day, which is equivalent to about 10 per ...

5. www.reuters.com › markets › commoditiesWhat is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com › markets › commodities

   May 24, 2024 · In 2020, during COVID-19 lockdowns around the world, crude oil prices slumped. After that development, OPEC+ reduced oil production by 10 million barrels a day, which is equivalent to about 10% of ...

6. oilprice.com › Energy › Oil-PricesOil Market News: Oil Prices Jump as OPEC+ Delays Output Hike

   oilprice.com › Energy › Oil-Prices

   • Cached

   Nov 4, 2024 · Canadian oil companies saw their stock prices rise today, following OPEC's decision to delay planned production increases. This move by OPEC+ has tightened global oil supply, driving up crude ...

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

   www.cbc.ca › news › canada

   • Cached

   Jun 4, 2024 · U.S. West Texas Intermediate crude futures — the North American benchmark — finished down 97 cents US, at $73.25 US. On Monday, WTI had fallen by 3.6 per cent to settle near a four-month low.

8. People also ask

   Why did OPEC reduce oil production?

   • 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. OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices.

   What is OPEC and how does it affect oil prices?

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

   See all results for this question

   How does OPEC affect global oil prices?

   • Because of its large market share, the decisions OPEC makes can affect global oil prices. Its members meet regularly to decide how much oil to sell on global markets. As a result, when they lower supply in response to falling demand, oil prices tend to rise. Prices tend to fall when the group decides to supply more oil to the market.

   What is OPEC and how does it affect oil prices?

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

   See all results for this question

   How does OPEC's decision affect the Canadian oil sector?

   • As such, when prices rise, their profitability improves more dramatically compared to larger, more established companies. Overall, today's market activity reflects the positive impact of OPEC's decision on the Canadian oil sector.

   Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike

   oilprice.com/Energy/Oil-Prices/Oil-Market-News-Oil-Prices-Jump-as-OPEC-Delays-Output-Hike.html

   See all results for this question

   Why did Canadian oil prices rise today?

   • Canadian oil companies saw their stock prices rise today, following OPEC's decision to delay planned production increases. This move by OPEC+ has tightened global oil supply, driving up crude prices and benefiting oil producers worldwide, including those in Canada.

   Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike

   oilprice.com/Energy/Oil-Prices/Oil-Market-News-Oil-Prices-Jump-as-OPEC-Delays-Output-Hike.html

   See all results for this question

   Will OPEC+ release more oil?

   • OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices. The group’s members depend heavily on oil revenue, with Saudi Arabia’s budget balancing at an oil price of between $90 and $100 a barrel, according to various estimates.

   What is OPEC and how does it affect oil prices?

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

   See all results for this question

   How will oil decisions affect gas prices in Alberta?

   • Decisions made at a conference of international oil producers are expected to affect the crude oil market and the price of gasoline at Alberta pumps, which are already back to summer peaks. Several gas stations throughout Calgary posted prices at $172.9 – almost 10 cents higher than the Alberta average, and the national average, according to CAA.

   OPEC+ decision could further impact pump prices | CTV News

   calgary.ctvnews.ca/opec-decision-could-affect-already-inflated-gasoline-prices-in-alberta-1.6098120

   See all results for this question

9. 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 · U.S. oil production has hit records as OPEC+ has cut back, with producers outside the group expected to keep leading global growth in oil supply next year, the International Energy Agency said.