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 2014
Canada’s Oil Extraction Industry: Industrial Outlook Summer 2014
Industry Economic Analysis
$895.00
- Light Oil Production—The ongoing development of unconventional formations has helped to offset the decline in conventional production, supporting overall light oil output.
- Prices—International energy prices are expected to weaken in the short term as the continued growth in North American output creates slack in global energy markets.
- Pipelines—With the Keystone XL project held up by the U.S. government and proposals for pipelines to the B.C. coast hurt by a lack of public support, the industry will have to find alternative methods to access international oil markets.
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