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Story perspectives

Oil Prices Drop Amid OPEC Cuts and Canadian Surge

9/29/2025

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Story summary
  • Oil prices slip to Brent $69.45 and WTI $65.05.
  • OPEC+ cuts and weak growth push a surplus by 2026.
  • Canada posts a record 6.5 million barrels per day in July 2025; Enbridge and Pembina's $12 billion merger.
  • Liquefied natural gas (LNG) projects are backed by the government. NRG Energy and Constellation Energy show growth and favorable ratings.