Forget Opec: This Is An Even Bigger Catalyst For Oil Stocks

Last week, the biggest news out of the oil patch was that OPEC agreed to hike its output by 1 million barrels per day (BPD) starting next month. That announcement drove oil prices higher because OPEC didn't boost production as much as some thought it might. However, while that news grabbed headlines, an under-the-radar report about issues at Suncor Energy's (NYSE: SU) Syncrude oil sands facility in Canada could have an even bigger impact on oil prices in the U.S.

Topics:  suncor energy's nyse   su syncrude   u.s    on wednesday   syncrude canada   july   suncor   images   opec   bpd   suncor energy   suncor    canada   bigger   oil   news   production   reported   month   prices   facility   
BING NEWS:
  • OPEC's Optimism Clashes With IEA's Conservative 2025 Oil Growth Projections
    IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.
    01/15/2025 - 5:47 am | View Link
  • OPEC Projects Robust Oil Demand Growth For 2025 And 2026
    OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD growth ...
    01/15/2025 - 3:39 am | View Link
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