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Daily Archives: Aug 18, 2016

Oilsands firms may be forced to cut production as danger of negative bitumen prices looms

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CALGARY C Oil prices have fallen so low that oilsands producers have reached danger of seeing negative prices for their bitumen. After the bust, oil boomtown Fort McMurray faces threat of ‘shrinking city’ syndrome Alberta’s oil hub Fort McMurray is understanding the painfully costly way that there is no such thing as simply going back to normal following a long ...

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