Canada oil sands: minding maintenance in Q2 2023
The second quarter saw continued decreases in commodity benchmarks while WCS differentials shrunk. We address several topics facing oil sands operators and track the production performance of mining and in situ projects. Why did WCS prices behave differently to Brent and WTI? How much did planned maintenance impact Q2 production levels? What are operators doing with free cash flow? What progress industry is taking on addressing emissions reduction?