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Missing 3-year-old boy found dead in creek in Mississauga, Ont.: police
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
The OPEC oil producers' cartel and allied non-member countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand for fuel continue to recover from the worst of the coronavirus pandemic.
The group fended off pressure from the U.S. to move faster in restoring production cuts made during the pandemic and potentially ease costs at the pump for American drivers.
The group, known as OPEC+, agreed at an online meeting to stick with earlier plans to add back 400,000 barrels per day from Oct. 1. The cartel and its allies are gingerly restoring deep cuts made last year, when lockdowns and travel restrictions caused demand for fuel and prices to crater.
Prices fell ahead of the meeting but trimmed losses afterwards. Oil was off 0.4 per cent at US$68.26 per barrel on the New York Mercantile Exchange, while Brent crude, an international benchmark, traded down 0.4 per cent at US$71.36 per barrel. Prices have recovered from a slump to just above US$62 for New York Mercantile Exchange crude on Aug. 20.
The OPEC+ decision tracks with a plan forged in July to add back 400,000 barrels a day each month until last year's cuts are restored next year. Key OPEC member Saudi Arabia has urged a cautious, step-by-step approach. The group has started meeting monthly to keep close watch on the market and production levels amid uncertainty about whether the more contagious delta variant of the coronavirus will present further economic setbacks in different parts of the world.
Adding too much oil to the market could cause prices to slip, as they briefly did in August, while holding back production costs members money for their state budgets.
The Biden administration has urged OPEC to increase production faster, saying that higher gasoline costs risk harming the ongoing global recovery.
The average U.S. price for a gallon of gas at the pump was US$3.17 on Wednesday, according to motoring federation AAA. That compares to US$2.32 per gallon a year ago. The cost of crude oil accounts for about half the price of gasoline at the pump.
Analysts said gas prices might rise after refineries in the United States shut down during Hurricane Ida, but they so far have remained relatively steady.
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Against the rainy Paris night sky, Celine Dion staged the comeback of her career with a powerful performance from the Eiffel Tower to open the Olympic Games.
Premier Danielle Smith said Friday afternoon in Hinton while weather conditions are cooler, the Jasper fire is still considered out of control and that Jasper residents can expect to be away from their homes 'for several weeks.'
An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O'Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday.
A Winnipeg senior is getting soaked with a six-figure water bill.
Nearly two weeks after Donald Trump's near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president's ear, moving to clear up conflicting accounts about what caused the former president's injuries after a gunman opened fire at a Pennsylvania rally.
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
A powerful Mexican drug cartel leader who eluded authorities for decades was duped into flying into the U.S., where he was arrested alongside a son of Joaquin "El Chapo" Guzman, according to a U.S. law enforcement official familiar with the matter.
The lawyer for a former judge whose claims to be Cree were questioned in a CBC investigation says his client is not considering legal action against the broadcaster after the Law Society of British Columbia this week backed her claims of Indigenous heritage.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
A Saskatchewan-born veteran of the Second World War was recently presented with France's highest national order.
A local First Nations elder and veteran is helping to bring the Ojibwe language to a well-known film for the first time.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.