7 d. ago OPEC+ Oil Quota Violators Update Pledges for Compensation Cuts

OPEC+ nations that have persistently exceeded oil production quotas provided updated plans to make additional cutbacks in compensation.

Other

1 week ago Saudi Aramco Oil Sales to China Set to Fall Sharply in April

Saudi Aramco is set to supply the lowest amount of oil to China in several months, even as the OPEC+ cartel gears up to boost output.

Other

2 w. ago Rogers to lock out former Shaw employees after they formed a union

Rogers Communications threatened 26 former Shaw employees with a lockout after they unionized in February.The telecom giant sent notice to IBEW Local 213 that it would initiate a lockout at 12:01 a.m. PST on March 19, 2025. The company is pushing for the employees, who are technicians located in the Kootenays region of B.C., to sign a collective agreement that would cut total compensation.Robin Nedila, Assistant Business Manager at IBEW Local 213, said that the union held a ratification vote on a previous offer from Rogers with cuts, which was unanimously rejected. Rogers then provided another offer with slight tweaks."The monetary package [Rogers] has on the table now is still facing cuts across the board… anywhere from four per cent to 25 for hourly employees," Nedila said.In a follow-up email, Nedila noted that unit-based employees would see more cuts, as high as 48 per cent, due to Rogers forcing them to change classifications. The proposed agreement w...

Other

2 w. ago Trade War Threatens Oil Demand as OPEC+ Boosts Supply, IEA Says

Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said.

Economics

2 w. ago OPEC+ Oil Production Surges as Kazakhstan Further Breaches Quota

OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.

Other

3 w. ago Oil Extends Losses as OPEC+ Signals Output Hike Ahead of Tariffs

Oil extended losses from the lowest in almost three months after OPEC+ signaled plans to revive halted production, just as the Trump administration threatens trade wars on multiple fronts.

Economics