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IPFS News Link • Oil

Oilsands Prospects

• arclein

First, and by a long shot the most important, is the sustained decline in global crude oil price outlooks. Even if we had seamless market access, the long term expected market value of oilsands production has dropped significantly from 2014 levels. Market access is the second big factor. In a low price environment, additional uncertainty and/or increased transportation costs matter a lot.