Canadian Oil Sands Buck Price Decline With Plans for 2026 Growth
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Heavy haulers at the Athabasca oil sands near Fort McMurray, Alberta, Canada.Canadian oil sands producers lead by Cenovus Energy Inc. plan to expand production next year despite an impending supply glut that threatens to deepen the slump in crude prices. All four of Canada’s biggest oil companies including Cenovus, Canadian Natural Resources Ltd., Suncor Energy Inc. and Imperial Oil Ltd. are forecasting higher output in 2026, according to guidance midpoints.