Canada's Oil Sands: highlights from Q1 2015 results
Amidst low oil prices, Canada's oil sands production continues to climb. Growth in the in situ sector continued with production increasing by 33,000 b/d quarter-on-quarter. Production at the mining sites expanded by 141,000 b/d from the previous quarter's levels. Despite strong production gains, the headline story over the quarter was the low oil price, with the Synthetic Crude Oil (SCO) realised price falling 32% quarter-on-quarter.
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Prices stabilise and begin to recover, WCS better than most