This report examines the short-and medium-term economic and profitability outlook for Canada’s Oil Extraction Industry.
Canada’s Oil Extraction Industry: Industrial Outlook Summer 2013
Canada’s Oil Extraction Industry: Industrial Outlook Summer 2013
Industry Economic Analysis
$1,425.00
- Production—Despite concerns about transportation capacity, price differentials, and environmental impacts, oil sands production continues to expand.
- Prices—The rapid diffusion of tight oil technologies across the United States has changed the price outlook. Increased production in the United States and the oil sands will put downward pressure on prices in the short term.
- Global Markets—Global oil markets have exhibited increased volatility and uncertainty this year as conflicts in the Middle East and North Africa and other geopolitical events have shaken oil-producing countries.
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