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May 3, 2023 · One Canadian energy strategist said he thinks weak demand is behind the plummeting price of oil. As crude dropped below $US70 per barrel on Wednesday, Michael Tran, managing director of Global Energy Strategy at RBC Capital Markets, told BNN Bloomberg he doesn’t see the trend being driven by recession fears, but rather weaker demand as people ...
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.
Apr 10, 2024 · Canada. Sep 20, 2023. Alberta on track for $2.4B surplus despite wildfires, lower oil prices. Oil royalties shrunk due to lower-than-forecast prices, with the impact softened by a smaller...
Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives...
Jan 16, 2024 · Oil fell as risk-off sentiment in equities markets outweighed Red Sea shipping dangers. West Texas Intermediate crude is stuck in a narrow trading range even after Houthi attacks on merchant ships in the Red Sea gave prices a boost earlier in the session.
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.
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Nov 21, 2023 · Oil declined after two days of gains as traders tempered expectations that OPEC+ will intervene in the market to bolster prices, with healthy supplies and ebbing geopolitical risks also adding to the retreat.
