Canada welcomes oil cut deal, says it is committed to achieving price certainty


FILE PHOTO: Canada’s Minister of Natural Resources Seamus O’Regan speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada December 10, 2019. REUTERS/Blair Gable

OTTAWA (Reuters) – Canada on Sunday formally welcomed a deal by OPEC and allies to cut oil output by a record amount, saying Ottawa was committed to achieving price certainty and economic stability.

“This is good. We welcome any news that brings stability to global oil markets,” Natural Resources Minister Seamus O’Regan said in a statement emailed to Reuters.

Reporting by David Ljunggren; Editing by Peter Cooney


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