Producers Lower Canada's Oil Forecast, Cite Price Drop, Doubts About Oil Sands

摘要

The Canadian Association of Petroleum Producers revised its long-term oil production growth forecast downward, citing a sharp drop in world oil prices and the lack of new pipeline capacity, primarily from the Albert oil sands to U.S. markets, according to its new report. New pipeline capacity is key to growth, CAPP vice president for markets and oil sands Greg Stringham told Bloomberg BNA June 9.