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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears - Business News
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Winnipeg Free Press By: The Canadian Press
CALGARY - The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the pandemic a year ago have proven false and the sector is rebounding to pre-COVID levels of production and pricing.
The Suncor mine facility along the Athabasca River is seen from a helicopter tour of the oilsands near Fort McMurray, Alta., Tuesday, July 10, 2012. The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the onset of the pandemic a year ago have proven false and the sector is quickly rebounding to pre-COVID levels of production and pricing. THE CANADIAN PRESS/Jeff McIntosh
Industry optimism rising with production but producers still cautious
Dan Healing, The Canadian Press
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CALGARY Predictions of the end of the oil industry during a global price war and the pandemic a year ago have proven false and the sector is rebounding to pre-COVID levels of production and pricing, says the head of the Canadian Association of Petroleum Producers.
Speaking at the opening of the 2021 Scotiabank CAPP Energy Symposium, CEO Tim McMillan said Tuesday oil and gas producers are becoming more optimistic as the industry looks forward to being a key part of North America s recovery from the economic slump caused by the pandemic.
Industry optimism rising with production but producers still cautious
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