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S&P Global Commodity Insights Raises 10-year Production Outlook for Canadian Oil Sands

S&P Global Commodity Insights Raises 10-year Production Outlook for Canadian Oil Sands
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Canadian Oil Sands Set for 15% Output Boost Says S&P Global

Canadian Oil Sands Set for 15% Output Boost Says S&P Global
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S&P Global Commodity Insights raises 10-year production outlook for Canadian oil sands

Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue, expects Canadian oil sands production to reach.

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S&P Global Commodity Insights Raises 10-year Production Outlook for Canadian Oil Sands for First Time in More than Half Decade

S&P Global Commodity Insights Raises 10-year Production Outlook for Canadian Oil Sands for First Time in More than Half Decade

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Enbridge will continue operating Line 5 until a court stops them

CALGARY It’s nearly 70 years old and has been carrying crude from Western Canada, through the U.S., to Eastern Canada but one U.S. governor wants that halted. Michigan Gov. Gretchen Whitmer told Calgary-based Enbridge to shut down operations on Line 5 as of May 12. That has not happened because the company says the state doesn t have the authority. We will not stop operating the pipeline unless we are ordered by a court or our regulator to do so, which we view as highly unlikely, a statement from Enbridge read on Monday. “Line 5 is operating safely, reliably and is in compliance with the law.

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