Pipeline Capacity Will Provide Temporary Relief: Canada’s Five-Year Energy Outlook—February 2024

An oil rig in the prairies on a clear day

Pipeline Capacity Will Provide Temporary Relief: Canada’s Five-Year Energy Outlook—February 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 a softening global economy, new pipeline capacity and proposed greenhouse gas emissions caps.

After a year of disruptions from unplanned shutdowns and wildfires, will Canadian oil and gas production get back on track in 2024? How are Canadian producers adjusting their investment plans for the approaching completion of the Trans Mountain pipeline and new emissions rules? And how might recent attacks on shipping in the Red Sea affect prices?

This briefing looks at the major factors impacting the Canadian oil and gas sector and provides a forecast for prices and production in the medium term.

Read the issue briefing to get our full analysis.

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