Canadian oil cuts (Bloomberg)3 Dec 2018 09:18
... Canada’s largest producing province ordered unprecedented output curbs. Futures shrugged off Qatar’s departure from OPEC.
After their worst month in a decade, prices in New York and London advanced more than 5 percent on Monday. Although Moscow and Riyadh have yet to confirm any fresh cuts, the agreement by the Russian and Saudi leaders over the weekend opens the door for a deal at the OPEC meeting this week in Vienna. Alberta’s decision to curtail production by 325,000 barrels a day put a rocket under oil’s rally, ...