Short-Term Oil and Gas Prospects Remain Upbeat: Canada’s Five-Year Energy Outlook—April 2024

Short-Term Oil and Gas Prospects Remain Upbeat: Canada’s Five-Year Energy Outlook—April 2024

Canadian
8 min read

Author: Maxime Arseneau

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on energy. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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This quarter, we look at the effects of federal climate policies, the extension of OPEC+ production cuts, and a mild winter on Canada’s energy sector.

How have Ukraine’s strikes on Russian refineries in March affected oil prices? What is the medium-term outlook given that a few pipeline projects will be completed in the short term? This research looks at the major factors impacting the Canadian oil and gas sector and provides a forecast for prices and production in the medium term.

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