USD/CAD trims intraday gains, pulls back towards 1.3150 amid oil rally
USD/CAD trims some of its intraday gains, although the decline remains muted. Rising oil prices underpin the loonie and act…
OPEC
OPEC+: Sees risk of bigger surplus in 2022
The oil market is expected to see a larger-than-expected surplus this year, OPEC+ said in a report released today, as…
USD/CAD pulls back from multi-week highs and heads towards 1.3000
A combination of factors causes some intraday selling around USD/CAD on Monday. Rising oil prices underpin the loonie and put…
Oil prices increase by 1%
Oil prices rose 1% as expectations that OPEC would cut output if needed to support prices, combined with the conflict…
Oil prices will continue to rise as Saudi Arabia considers cutting oil output – Commerzbank
Oil prices have risen sharply this week following verbal intervention from Saudi Arabia. Commerzbank economists they believe that the price…
Emirates joins Saudi Arabia in possible oil production cuts
The United Arab Emirates aligns with Saudi Arabia's thinking on crude oil markets and supports its recent comments, a source…
OPEC: ‘Sees’ production cut if Iran returns to markets
The OPEC production cuts are not immediate, OPEC sources told Reuters, adding that the cuts are expected to coincide with…
Saudi Energy Minister: Oil Decoupling From Fundamentals May Force OPEC To Act
In response to written questions from Bloomberg News, the Saudi Arabian Minister of EnergyPrince Abdulaziz bin Salman said OPEC and…
OPEC: We want to expand cooperation with Russia
OPEC wants to ensure that Russia continues to participate in the organization's oil production deals beyond 2022, new OPEC secretary-general…
WTI fluctuates around $87.80 due to US reserves and the Iran nuclear deal
WTI trims part of its losses on Tuesday, rising 0.80% in the American session. US EIA stockpiles shed 7.06 million…