Canada’s Heavy Oil Not A Threat To Middle East Producers, Says FACTS

...udy: “In the reference case, current production of 1mn b/d will rise to 2.2mn b/d by 2017. That is an addition of less than 100,000 b/d per annum. The reference case is based on WTI at $25/B and a natural gas price of $4.25/mn BTU. In the reference case the 1.2mn b/d of increase by 2017 will be di...