WorldOil Canadian producers see markets stabilizing, offering hope for a rebound While global oil prices remain near multi-decade lows, the heads of two major Canadian crude producers see reasons for hope that the market will rebound in the months ahead. Oil selling below $10/bbl at key American hubs Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. Consumption drop most dangerous for U.S., Russian, Canadian crude Oil demand is getting hammered at a faster pace than anyone had predicted and landlocked crude production in the U.S., Russia and Canada is most vulnerable, according to Goldman Sachs Group Inc. 2020 Forecast - Canadian EandP Canada re-adjusts to low prices, limited access Cost of Trudeau’s pipeline wager balloons 70% to $9.5 billion The cost to build Justin Trudeau’s governmental oil-pipeline project just got a few billion dollars more expensive. Canada’s biggest oil trade show reinvents itself amid new energy landscape Every year, the Global Energy Show brings together more than 50,000 industry professionals, government officials and companies to have forward-thinking conversations about creating a prosperous and sustainable future for upcoming generations. Coronavirus impedes Alberta’s drive to reach oil markets in Asia The coronavirus is hampering the Canadian oil industry’s efforts to build relations with crude buyers in Asia. Hedge fund that won big shorting U.S. shale is bullish on Canada After big wins shorting U.S. shale, a hedge fund is turning its sights on the beaten-down Canadian oil sector. Canadian crude weakness returns after Alberta eases output limits Alberta’s government has loosened output limits imposed at the start of 2019 to counter a glut caused by a lack of pipeline capacity and too much oil production. Before the cuts, Western Canadian Select’s discount to WTI has grown as wide as $50 a barrel. Canadian crude-by-rail shipments ready to surge, spurring new investment Crude-by-rail capacity in Alberta is expected to grow by 100,000 bpd in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday.