Why oil prices are falling and what it means for the economy Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January ...

Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil.

Pumpjacks draw out oil and gas from well heads near Calgary in April 2023. Canada has the third-largest oil reserves in the world and is the world's fourth-largest oil producer.