How Canada’s oil sands transformed into one of North America’s lowest-cost plays
Oil & Gas 360º
JULY 16, 2025
They directed their capital to cheaper oil production, and favored U.S. Since then, new technology and cost-cutting efforts have driven meaningful improvement in the industry’s competitiveness that make oil sands among the cheapest producers, according to a dozen industry insiders and a Reuters analysis of the latest U.S.
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