CAPP cuts Canada crude output estimate

摘要

Calgary—The growth in Canada’s heavy and light oil production by 2030 has been revised down 1.1 million b/d, primarily due to the near 50% drop in global prices in the past several months, a senior official at the Canadian Association of Petroleum Producers said Tuesday. “Low prices seem to have taken a toll, and output by 2030 will now be 5.3 million b/d, compared with a forecast of 6.4 million b/d we made last June,” said Greg Stringham, CAPP’s vice president for oil sands and markets. “Over the shorter to medium term of five to 15 years, the pace of growth remains consistent. But then we see signs of a slowdown.”