Insight

Canada's oil sands: production returning in Q3 2020

Get this report

$1,350

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

06 November 2020

Canada's oil sands: production returning in Q3 2020

Report summary

Following a brutal Q2, with negative pricing due to coronavirus and oversupply concerns, Q3 saw much needed albeit only moderate improvement in oil price. On the heels of billions of capex cuts and hundreds of thousands of barrels being taken offline from production curtailments, the third quarter trended in the right direction. Price realisations improved by massive percentages, and production began to come back online as the new normal became clearer. The end of Q3 is not as rosy as the start, as differentials have widened slightly, and benchmark prices exited below their August highs. Q4 will be telling as curtailment ends in Alberta and producers are able to go full steam ahead to ramp up their projects in 2021.

Table of contents

  • Executive summary
  • Benchmark crude prices
  • Monthly production trends
  • Other news

Tables and charts

This report includes 8 images and tables including:

  • Benchmark pricing
  • Benchmark price performance
  • Historical WCS pricing
  • Realised pricing
  • In situ projects producing >35 kb/d
  • In situ projects producing <35 kb/d
  • Monthly production for select projects shows ramp ups starting in May and June
  • Mining project production

What's included

This report contains:

  • Document

    Canada's Oil Sands Q3 2020.xlsx

    XLSX 417.18 KB

  • Document

    Canada's oil sands: production returning in Q3 2020

    PDF 1.11 MB