Dateline City:
WASHINGTON, D.C.
Costs were moderating prior to 2014-2015 oil price collapse. But realities of lower oil price could see shift in oil sands’ relative competitiveness with other key sources of supply.
(December 16, 2015) – Following years of cost escalations that coincided with rapid production growth, oil sands costs are falling. However, their competitive position as a major source of global supply growth may still shift, a new IHS (NYSE: IHS) report says.
While oil sands were already competitive with other key sources of supply in the medium to high cost range, lower oil prices are poised to reset costs globally and could alter the relative competitive position for new investments in the Canadian oil sands going forward, the report says.
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