800,000 bpd of Canadian oil production could be shut

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Thu, Feb 5, 2009
Heavy Oil Market News
Post by Melissa Pistilli, Heavy Oil Senior Reporter

Analysts at Merrill Lynch said earlier this month that 800,000 bpd of Canadian oil production could be shut in if oil prices fall below $38 per barrel, with 800,000 more to follow if price drop below $30.

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