Are Canadian oil sands setting a new crude oil floor price?
Canadian oil sands are set to have a greater role in the global energy mix, but whether they will set the floor for world oil prices will depend on a variety of factors
Canadian oil sands production is set to double in the next decade, cementing its place as a leading source of marginal oil. Its growing market share of the 53% of global supply produced by non-Organisation of Petroleum Exporting Countries (Opec) is likely to give it an increasingly pivotal role in future global oil markets. However, pricing bottlenecks, concerns about environmental regulatory
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