Canada's oil production drops to its lowest level since 2016 wildfires

Canada was the world’s fourth-largest producer of petroleum and other liquids in 2019, but in the first half of 2020, Canada�s production declined 20% from its 2019 average of 5.5 million barrels per day (b/d). Canada�s production of petroleum and other liquids declined as a result of low global crude oil prices, reduced demand for crude oil for refined petroleum products in Canada and the United States, and continued production curtailments imposed by the Government of Alberta—the province where more than 80% of Canada—s 2019 crude oil production was located.

Read More From {{feed_ name}}


Continue Reading

HEDGE accordingly