10:34:03 EDT Tue 04 Aug 2026
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Tourmaline Oil Corp
Symbol TOU
Shares Issued 388,567,869
Close 2026-07-31 C$ 61.91
Market Cap C$ 24,056,236,770
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Globe/wire say Cenovus hears OPEC+ boosting output

2026-08-04 07:21 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Monday, Aug. 3, edition that OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels a day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts. A Reuters dispatch to The Globe reports that due to export disruptions from the Gulf, Russia and Kazakhstan caused by the Iran and Ukraine wars, successive monthly OPEC+ hikes over most of this year have remained largely on paper with little impact on the market. The September increase agreed by core OPEC+ members -- Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman -- finishes the phased rollback of a 1.65 million barrels-per-cay supply cut originally agreed in 2023, when the group still included the United Arab Emirates, which left OPEC in May. The seven members will hold their next meeting on Sept. 6. Although OPEC+ sources said ?before the meeting the group would likely pause output increases for the fourth quarter, its statement made no reference to what might be agreed for the last three months of 2026. A pause was still a feasible option, said Jorge Leon, an analyst at Rystad.

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