Canada’s oil industry will remain constrained from 2019 through 2035 and overall
growth is expected to be lower than previously forecasted, according to a recent study
by the Canadian Association of Petroleum Producers. The 2019 Crude Oil Forecast,
Markets and Transportation report said the growth will remain limited because of pipeline
constraints, a lack of market diversity and
inefficient regulations.
CAPP projects Canada’s oil production
will increase by 1.27 MMbo/d to 5.86 MMbo/d by 2035. The increase represents a 1.44%
annual increase,......
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