Insight
Canada oil sands: stability returns in Q4 2020
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Report summary
Following improved earning in Q3, the fourth quarter of 2020 saw further improvement in global pricing and a narrowing of the WTI-WCS differential. Record production was driven by both the mining and in situ developments, with CNRL and Imperial projects leading the way. Operators ramped up production to exit the year. Curtailment ended in December and Q4 set the foundation for optimism heading into 2021.
Table of contents
- Husky and Cenovus merge
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