The Cenovus Christina Lake oilsands facility
Canadian producers positioned to ride out the downcycle
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
Canadian oil and gas companies have shifted strategy and emerged as extremely competitive entities over the past several years. Canadian Natural Resources Ltd. (CNRL), Cenovus Energy and Suncor Energy, in particular, have shown high resilience to low oil prices, allowing them to acquire additional assets on the cheap on the downcycle but capping oil production growth in Canada at a moderate pace. “Canadian oil producers are relatively well positioned to navigate higher volatility and lower crude price periods versus the global competition,” Travis Wood, managing director for energy at Canada’s National Bank Capital Markets, told Petroleum Economist. The major reasons for Canada’s relative ad
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23 February 2026
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
