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CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

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However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge.

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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

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Canadian Oil Sands Trust, the largest stakeholder (36.74%) in the Syncrude oil sands project, announced plans to increase the synthetic crude oil production capacity at Syncrude Mildred Lake upgrader to 425,000 barrels per day by 2020 from 350,000 now. Marcel Coutu, Canadian Oil Sands’ President and CEO.

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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

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On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Additionally, it was a week-over-week number which makes it all the more impressive.

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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

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In the absence of the pipeline, alternate transportation routes would result in oilsands production growth being more or less unchanged, IHS CERA found. Critics cite the steep crude oil price discounts for Canadian producers in the past year as further evidence that rail is not economic. Earlier post.). Earlier post.).

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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., Source: EIA.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. That portion of the pipeline has already been built. million bpd.

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