Page 6 - ஒன்றுபட்டது மாநிலங்களில் வளைகுடா கடற்கரை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Premium Content Wall Street Is Warming Up To Canada’s Oil Sands By Haley Zaremba - Dec 17, 2020, 12:00 PM CST Things are looking up for the Canadian oil sands. After years of strife and faltering profits, battered by environmental regulations and domestic pipeline shortages as well as the flood of cheap shale oil and gas coming out of the United States thanks to the West Texas shale revolution, 2021 is on track to be a much, much better year for Canadian oil.  While pretty much any and every oil-producing nation in the world has had a less-than-stellar year, to put it mildly, few have had it as bad as Canada. The already-bruised sector was absolutely battered by the novel coronavirus. On that infamous day in “Black April” that the West Texas Intermediate crude benchmark shocked the world by plunging into negative oil prices, essentially paying buyers to take crude off their hands, Canadian oil actually dipped below zero first. 

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