But analysts say companies hit hard by low crude prices so far this year are being cautious and will choke back oil output again if recent higher prices prove unstable.
Meanwhile, the world supply of oil is falling thanks to production cuts agreed upon by OPEC and Russia as well as voluntary cuts by producers in Canada and the United States. Oil producers are indicating that they are bringing back online some of the 875,000 barrels a day of announced volume curtailments in Canada, he said.
Ah yes the return of demand with oil supplies overflowing, magically the price is up again. More oils than we could ever hope to consume but there still value in them barrels.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite starts week higher, U.S. stock markets closed for holidayCanada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. I hope you can donate money to this breeder. Very sad news
Source: CTVNews - 🏆 1. / 99 Read more »
Economic shock from COVID-19 to lead to higher indebtedness, Poloz saysCanada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday. Not meaning to pick on CTV or the author, but how does this obvious fact make a headline, let alone a full story? What does ANYONE with some common sense think is going to happen? Come on and all journalists/reporters. If you want more respect from the public, DO BETTER! We have flattened the curve to deal with any stress with the hospitals. Now we must get the country back to work. The experiment must end.
Source: CTVNews - 🏆 1. / 99 Read more »
Air Canada, Transat deal faces intense EU antitrust scrutinyEuropean regulators say the deal may result in higher prices and less choice for flights between Europe and Canada Who saw that coming? apart from everyone
Source: nationalpost - 🏆 10. / 80 Read more »
Afternoon blahs? Blame lunchStudy finds cognitive function worsens in women who eat a meal heavy in palm oil compared to sunflower oil
Source: globeandmail - 🏆 5. / 92 Read more »
Escape: Three sizzling foreign-language dramas on NetflixThree European productions can take the viewer to crime, sex and mayhem
Source: globeandmail - 🏆 5. / 92 Read more »
1/2 Of Canadians Say Governments Hiding Full Truth On COVID-19 Crisis: PollThe survey from Leger and the Association for Canadian Studies also asked about conspiracy theories. Only half? Horse shit! Half of the world would love to have a government that cares like Canada FFS! We are in a propaganda war.. losing it badly...
Source: HuffPostCanada - 🏆 61. / 53 Read more »