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‘We are not going to carry the industry on our back’: Cenovus urges oilpatch to cut output to ease glut

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Oilsands producer preparing to throttle back production and cut investment spending in the face of crippling discounts

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Cenovus says entire industry needs to mull production cuts to ease oil glutWhile it’s scaling back production, Cenovus is also preparing to ramp up its oil-by-rail capacity
Source: nationalpost - 🏆 10. / 80 Read more »

A divided oilpatch reacts as Notley cuts output and industry shares painChris Varcoe: We haven’t seen such intense politicization of energy policy in Canada since the 1980s LessThanOneYearLeft TeamJackwagon BecauseIts a GongShow TrudeauJr PeterPanPM AtwalKhadrBoyleISISIran Sockboy UsefulIdiot2TheWorld PeopleKind MagicKingdom yes the big foreign owners who also refine it in the states can't make such egregious profits. how much are they responsible for the supressed prices
Source: nationalpost - 🏆 10. / 80 Read more »