The outlook for production growth in the Canadian oil sands region of Alberta has turned positive again following the oil price drop from $147 per barrel to $30/bbl between July and December 2008. Higher prices prompted predictions of a huge increase in future production growth for such resources, but these estimates were scaled back after the oil price fell from its 2008 peak.
Output will still reach the peaks predicted during the last boom in 2008, but it may simply take longer to get there. A
The week on Risk.net, July 7-13, 2018Receive this by email