Heavy Oil Investing News » ECRB has lowered Oil Sands Production Forecast

ECRB has lowered Oil Sands Production Forecast

June 19, 2009 @ 7:09 pm In Heavy Oil Company News

In its June report on Alberta's 2008 reserves and supply-demand outlook for 2009-18, Alberta's Energy Resources Conservation Board lowered its forecast of bitumen output to 2.7 million b/d in 2018. Last year's report showed production reaching 3.2 million b/d in 2017.

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