Canadian oil sands output to slow post 2020, as project pipeline slows

Production from Canada’s Alberta oil patch will start to slow from 2020, as few new projects are sanctioned and export infrastructure bottlenecks prevent new production from reaching export markets. New analysis by market intelligence firm Wood Mackenzie (WoodMac) expects commercial projects to approach 3.5-million barrels a day of production in 2020. Production growth after 2020 slows as a result of delays in sanctioning new projects and expansions owing to low oil prices.