News Energy Manufacturing Oil & Gas General
April 14, 2020  

Canadian oilpatch cutbacks to continue despite OPEC deal

Doesn’t match the reduction in demand caused by measures taken to deal with the COVID-19 pandemic.

News Energy Manufacturing Oil & Gas General
April 13, 2020  

Deal to cut global oil production finalized, welcomed in Canada

Agreement between OPEC, Russia and other countries follows a glut that sent prices plunging.

News Energy Manufacturing Oil & Gas Economy General Production
March 5, 2020  

OPEC looks to cut production as virus outbreak hits demand

Stalled air travel and manufacturing all but stopped in China, sapping demand for fuel following plunging crude prices.

News Energy Oil & Gas General
September 12, 2019  

OPEC, allies weigh further oil production cut in December

Global oil prices fell on the news as forecasts predict a coming economic slowdown and a renewed supply glut.

News Energy Manufacturing Oil & Gas Economy General
September 11, 2019  

Global demand for oil has slowed, says latest OPEC estimate

Economic growth reduced to 3% for 2019 and 3.1% for 2020, down 0.1% in each year.

News Oil & Gas General
November 13, 2018  

Abu Dhabi summit: Oil production cuts may be necessary

Trump’s sanctions on Iran are affecting the market.

News General
March 27, 2017  

OPEC, non-cartel nations may extend oil cut another 6 months

Depends on the status of supply and demand, including global inventories.

News Energy Manufacturing Oil & Gas Business Operations General Operations Production Sustainability
December 13, 2016  

OPEC production jumped before deal on cuts, IEA says

Energy agency says next few weeks will be crucial in determining if production cuts are being implemented.

News Energy Manufacturing Oil & Gas General
December 1, 2016  

OPEC agrees to cut output in bid to push up oil price

But longer term, analysts say it’s highly unlikely oil will return to $100 a barrel.

News Manufacturing Oil & Gas General
October 11, 2016  

OPEC must enact cuts for sustained oil price rise: IEA

Production from the Organization of the Petroleum Exporting Countries hit a record high in September.

News Energy Government Manufacturing Oil & Gas Business Operations Economy General
September 29, 2016  

Possible OPEC output deal drives up oil prices by 5%

Excess supply has forced producers to work hard to bring costs down.

News Aerospace Manufacturing General Technology
May 26, 2015  

UAE aims for the stars with new space agency plans

Oil-rich OPEC member looks to diversify its economy and create skilled jobs for a growing youth population.

News Energy Oil & Gas Economy General Sustainability
February 10, 2015  

OPEC lowers forecast for Canadian crude production

Output is expected to average 4.35 million barrels a day, 20,000 barrels lower than an earlier prediction.

News Energy Manufacturing Oil & Gas Economy General
January 13, 2015  

OPEC not shifting strategy to shore up crude prices

UAE energy minister says any change in strategy won’t be considered until June meeting.

News Energy Government Oil & Gas Business Operations Economy General
December 10, 2014  

Prentice says low oil prices punch $7B hole in Alberta budget

Premier reiterates plan to look for in-house savings.