Part 9/10:
Implications for Canadian Oil Producers
In this shifting landscape, Canadian oil producers face both challenges and opportunities. Johnston suggests that despite near-term price slumps and reduced global demand growth, Canadian production remains competitive if access to export infrastructure—such as pipelines—is maintained and expanded.
Key pipeline projects, including those to the West Coast, are critical for enabling Canadian producers to reach more profitable markets. The potential revival of pipeline initiatives like Keystone XL, although uncertain, reflects ongoing efforts to diversify export routes. Ensuring reliable access remains crucial for producers seeking to capitalize on future market rebounds.