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Canada’s oil sands surge as U.S. shale growth plateaus

October 31, 2026 by
Canada’s oil sands surge as U.S. shale growth plateaus
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Canada’s oil sands are seeing renewed growth as U.S. shale output plateaus, with production hitting record highs following the Trans Mountain pipeline expansion. Improved heavy-oil pricing and rising U.S. investor interest are driving a resurgence among major oil sands producers through 2030.

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