Canadian oil sands are gradually approaching record production

MOSCOW (MRC) -- Canada's oil sands are inching toward record production, as the country's biggest producers squeeze more bbl out of existing assets, but they are holding back on big spending despite some of the highest oil prices in seven yr., said Reuters.The oil sands, which make up the bulk of Canada's production, are on track to reach 3.5 MM barrels per day (bpd) by year-end, surpassi

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