So, while the cheers go up in corporate and government offices across the land consider this:

OPEC is an international oil cartel. It artificially manages its resources in order to fix the price everyone pays. 
 Under legislation in Canada, the U.S., the U.K. an the EU, the largest consumers of OPEC oil, this activity is illegal. And yet, these same governments and their domestic-based energy companies, are cheering the news that OPEC will cut production in order to hike prices.
Governments love it because their share of every litre of gas you pay for goes up. Energy sector types love 'cause profits roll. But you and I, well, we're shafted as usual. By who? By the same globalized forces that have been making our lives miserable for a long time. 
In my neighborhood gas was hovering around the 90 cent mark last night. This morning even the 'cheapy' stations have hiked their prices to 102 cents a litre.

Cheer on. The crooks win again.