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
-
In situ production
- Mining production
- Crude by rail
- Other significant events
Tables and charts
This report includes the following images and tables:
-
Benchmark pricingIn situ projects producing >35 kb/dIn situ projects producing <35 kb/d
-
Benchmark price performanceHistorical WCS pricesRealised pricingMining project productionCrude by rail
What's included
This report contains:
Other reports you may be interested in
Insight
Canada upstream in brief
Our view on the key events as they unfold, covering oil sands, unconventional plays, western Canada, Arctic, and offshore East Coast.
$700
Insight
US upstream in brief: first oil announced at Alaska Pikka field
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Insight
The 'Gulf state model': Can the region be the next big destination for CCUS? Part 1
What is the Gulf state model?
$1,250
