Canada’s Oil Extraction Industry: Industrial Outlook Winter 2016

The Conference Board of Canada, 15 pages, April 28, 2016
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This report examines the short-and medium-term economic and profitability outlook for Canada’s Oil Extraction Industry.

Document Highlights

Crude Oil Prices—WTI prices are forecast to increase gradually and reach US$65 a barrel by 2020.

Canadian Export Pipeline Infrastructure—Failure to access new and existing markets in a timely and cost-effective manner may result in lower realized prices.

Profits—Profitability for the industry plunged in 2015 and will remain elusive in 2016.

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