New Canadian oil sands projects are more costly to shut down than continue running

Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in the short-term. A number of projects which were already under construction in 2014 when crude oil prices collapsed will begin production in the next two years, making up most of the increases, the EIA said in a report Thursday.

Production of petroleum and other liquids in Canada, which totaled ...

Legal Notice