Canada's oil sands production has come roaring back, and according to IHS Markit, output is returning to pre-pandemic levels after a particularly difficult year that involved not only the Covid-19 pandemic but also a major pipeline defeat in the Keystone XL cancellation. Canada's oil sands production has now fully recovered, according to IHS Markit—and then some.
The pandemic has, however, dimmed the future prospects for the oilsands. Canada's oil sands production should reach 3.6 million bpd in 2030, according to the latest IHS Markit forecast.…Canada's Oil Sands Production Is Roaring Back
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