Oil’s great day takes turn for worse as Alberta oilsands output gears back up

, Bitcoin Tips

The IEA on Thursday raised its 2016 global oil demand growth forecast to 1.2 million barrels per day (bpd) from its April forecast of 1.16 million.

Oil slipped below $46 a barrel in New York amid signs Canadian oil-sands production is coming back online after wildfires forced operations to shut.

Enbridge Inc. expects to restart its Athabasca crude pipeline in Alberta this weekend. Canadian Natural Resources Ltd. restored normal production rates at its Horizon oil-sands site.

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One Comments

  • lussana.com.br 06 / 04 / 2017 Reply

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