Canadian oil sands output poised for growth despite oil prices

Canadian oil sands producers report projects already under construction will boost total oil sands output for about 5 years regardless of crude oil prices, although companies are trying to cut costs through layoffs or by deferring new investments. While it's unlikely any new oil sands projects will be announced until oil prices recover, production increases on existing projects have helped offset new project deferrals.

160404ogjddi P01
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in Unconventional Resources