Oil-Pump

The World Heavy Oil Congress is kicking off in Edmonton this morning.

But, as CBC reports, organizers of the three-day conference expect 20% fewer attendees due to slumping oil prices and sentiment. The theme of the event is “Producing More With Less,” and CBC notes that oil producers, in the near term, are expected to focus on technology that’ll help cut production costs.

Read more.

Also read:

There’s more to oil sands development than oil prices

Can central Canada prop up Alberta?

Commodity index plunges to recessionary lows

Has the crude price bottomed?

Originally published on Advisor.ca

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