Oil sands on the ropes

CANADA'S National Energy Board expects oil sands production to reach 3.3 million barrels per day by 2020, up from 2.5MMbopd in November, but crude's slide to $US35/bbl means many producers selling their oil at a loss, with some analysts predicting even more pain this year.

Oil sands on the ropes Oil sands on the ropes Oil sands on the ropes Oil sands on the ropes Oil sands on the ropes

Alberta's oil sands hold the world's third-largest oil reserves but also have some of the highest breakeven costs globally because of energy-intensive production methods, both in mining or in-situ

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