Insight
Canada's oil sands: policy changes drive the Q3 news
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Q3 marked the end of the price rally seen in H1 2019, but the main story of Q3 was government policy changes. Curtailment limits have eased, but the programme has been extended into 2020. To provide relief, the Alberta government has increased threshold production amount, added a special production allowance and announced production from new conventional oil wells drilled in 2020 will be excluded from curtailment. The newly elected minority Federal Liberal government confirmed its support for the TransMountain Pipeline expansion. The Alberta government announced its new carbon program, and Suncor made a big investment announcement that will help it meets it's emission goals.
Table of contents
- Executive summary
-
Benchmark crude prices
- WCS prices
- Bitumen and SCO realisations
- Curtailment update
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In situ production
- Mining production
- Crude by rail
- Other significant events
Tables and charts
This report includes the following images and tables:
- Benchmark pricing
- In situ projects producing >35 kb/d
- In situ projects producing <35 kb/d
- Benchmark price performance
- Historical WCS prices
- Realised pricing
- Mining project production
- Crude by rail
What's included
This report contains:
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