Connect with us


Best Canadian Prime Day deals: These day one deals are still hot – Android Central



Oh, Canada, Amazon’s massive two-day sale is finally actually here, and day one is drawing to a close! After being pushed back just a few months, the annual Prime Day sale is taking place on Oct. 13 and 14. Prime Day is generally a great opportunity to snag low prices worthy of Black Friday, though you do need an Amazon Prime membership if you hope to take advantage of the discounts being offered during the sale. From Amazon Echo speakers and Fire TV Edition smart TVs to laptops, furniture, fashion, and more, Prime Day is unleashing deals in nearly every category on the site.

Source: Amazon

We’ve already seen a ton of great deals go flying by, but a lot of deep discounts on our favorite tech are still available on day one of Prime Day. If you’re feeling a bit overwhelmed, you’re not alone; that’s why we’ve put together this curated list of the best Canada Prime Day deals still out there for you to grab before the sale ends. You can also check out our U.S. Prime Day deals guide for more ways to save.

Prime Day Deals 2020: Save on 4K TVs, Echo, Instant Pot & more

If you’re not an Amazon Prime member already, there’s still a way you can shop the sale without shelling out for a Prime membership. Just start a free 30-day trial and you’ll score all the same benefits that a regular Prime member receives, from access to the Prime Day sale to free two-day shipping, the Prime Video streaming service, and much more.

This list is being updated with new Prime Day deals all the time, so check back often.

Spotlight deal

Bose QuietComfort 35 | $130 off at Amazon

Bose headphones are truly great, but they’re usually stupid expensive. However, thanks to Prime Day, the coveted QuietComfort 35 (Series II) over-ear cans are $130 off the regular price. That brings them down to $269, which is far, far more palatable than the usual $399. If you’ve been drooling over these for a while, now just might be the time to invest in superior audio, battery life, and noise cancellation.

Amazon device deals

Love reading? Well, you should. That counts whether it’s digital or not. And if you do go the digital way, the Kindle Paperwhite is a fantastic way to carry around thousands of books in a slim, waterproof device. It has 8GB of storage, a glare-free display, and eInk technology for a close real-book experience. At just more than $100 thanks to a Prime Day deal, it’s a great time to up your reading game.

$105 at Amazon

Amazon’s Echo Show 8 is the little smart display you never knew you needed. Featuring a bright and colorful 8-inch display, perfect for your office or kitchen, the Echo Show 8 displays photos, recipes, and that awesome Prime Video show you’ve been meaning to watch. At $90, this is $70 off for Prime Day — and for $10 more, you get the Echo Show 8 bundled with an Amazon Smart Plug.

$90 at Amazon

Amazon’s Echo Show 5 is one of the best bedside or office clocks you can find. It’s got a big, bright 5-inch display, a camera for video calls, and best of all, it can show all of your photos through Amazon Photos when you want to take a look at something that isn’t work. At $60, it’s $40 off for Prime Day — and for $85, you get a Blink Mini as part of an awesome bundle.

$60 at Amazon

$25 for one of the most useful smart speakers on the planet? Yes, please. Amazon’s 3rd Gen Echo Dot is $45 off for Prime Day, and it’s the cheapest and easiest way to add Alexa to every room.

$25 at Amazon

$190 for a speaker may seem like a lot, but you’ve clearly never listened to the Amazon Echo Studio. Featuring room-filling 3D sound that pairs perfectly with Amazon’s new Prime HD music service, the Echo Studio is one of the best smart speaker deals we’ve seen in Canada.

$190 at Amazon

Trust me, if you haven’t already upgraded to a smart doorbell, you’re going to want to do that… right now. Not only does it make it convenient to answer your door from anywhere in the world — or just upstairs if you’re being lazy — but it works as a great security camera, too. At $95, this 2nd Gen Ring Doorbell is $35 off for Prime Day.

$95 at Amazon

You want a mesh router. Seriously. The Eero mesh router system is among the best out there, but Canadians have always paid too much for it — until now. On Prime Day, the Eero Mesh 3-pack is $244, which is worth every penny, especially if you work from home like so many of us do these days. TRUST ME ON THIS ONE.

$244 at Amazon

Headphone deals

If you care more about portability than isolation (but still need some of that good stuff), the Sony WF-1000XM3 is your best bet. At $228, these are over $70 off their retail price, and they’re some of the best-sounding, and noise-isolating, wireless earbuds we’ve ever used.

$228 at Amazon

I know what you’re thinking, but hear me out. Yes, $350 for a pair of earbuds is a lot, but trust me, Canada, when I say that these are the best-sounding wireless earbuds you can buy today. Sennheiser’s Momentum TW2 also have incredible noise-canceling and ample battery to boot. Don’t sit on this deal.

$350 at Amazon

Samsung’s latest true wireless earbuds are a steal at $200 — yes they’re that good — so at $150 for Prime Day, they’re extra enticing. Enjoy them in black, white, or this lovely blue colorway.

$143 at Amazon

Beans, beans, good for the heart. You’ve heard the saying, but have you heard these incredible earbuds? Featuring a bean-shaped design that molds into your ear, these are probably the most comfortable wireless earbuds you’ll ever wear. Plus, they feature noise-canceling. At $200, these are a great deal.

$190 at Amazon

Some of our favorite earbuds that you’re most likely to overlook are the Soundcore Liberty Air 2. Not only are the Liberty Air 2 an incredible value, but they’re also just darn good earbuds. Premium drivers allow for excellent sound given the price, there’s Bluetooth 5.0 for great wireless performance, and there’s 28-hour total battery life. For Prime Day only, they can be yours for $50 off!

$90 at Amazon

What’s that? You’d never pay this much for a pair of headphones? Let me dispel that notion for you because Sony’s WH-1000XM4 noise-canceling headphones are the best in the industry, period. If you’re working from home and need to cut out noise from shouting kids or the leaf-blower next door, these are your best friend — and well worth the investment.

$428 at Amazon

If you don’t need the latest and greatest from Sony — and let’s be honest, you probably don’t — these noise-canceling headphones will do the trick. Still considered some of the best-sounding cans on the market, you save over $120 for Prime Day by going with the 2018 model.

$328 at Amazon

Sony’s headphones are top-notch, but they’re not the only company making killer cans. The Bose QC35 II are some of the most iconic headphones in recent years, and they’re discounted by $130 during Prime Day. We’re big fans of the QC35 II, as they offer amazing sound, a super comfortable fit, and some of the best noise-canceling money can buy. Don’t miss out on this one.

$269 at Amazon

Not everyone needs expensive headphones, but everyone deserves great sound. Sony’s WH-CH710N are over-ear headphones that sound great and feature smart noise cancellation. Normally $250, these are on sale for $128 for Prime Day, just an astoundingly good deal that you shouldn’t pass up!

$128 at Amazon

Phones, Tablets & Accessories deals

The Galaxy S20 is one of the best Android phones of the entire year, and thanks to Prime Day, buying one in Canada just got a bit more affordable. You can currently pick up the S20 for $990, and while that’s still a lot of money, it’s a generous $330 off what it usually costs. You’re getting a stunning 120Hz AMOLED display, blazing-fast performance, and great cameras.

$990 at Amazon

Phones are not cheap in Canada — if you’ve bought one over the past few years, you know that — so a Galaxy S10 at $755 is actually kind of a bargain. It’s last year’s flagship, but that’s OK because it’ll still get three years of software updates, and it’s got that iconic Samsung design that everyone knows and loves.

$755 at Amazon

It doesn’t get much better than this in terms of cheap Android tablets. Samsung’s Galaxy Tab A8 has an 8-inch display, all-day battery life, and a reliable, sturdy plastic body, and it’s on sale for just $150 — $50 off — for Prime Day.

$142 at Amazon

We’ve all been there. You’ve had your phone for a while, it’s loaded up with a bunch of apps and movies, and you’re quickly running out of space. If your phone supports expandable storage, pick up this 128GB MicroSD card from Samsung during Prime Day. It’s high-quality, has a ton of room, and is really affordable being $13 off its normal price.

$23 at Amazon

Can’t seem to keep your phone charged through a full day? Taking a trip where you can’t plug in? Anker’s PowerCore+ has a 26,800mAh capacity that’s good for laptops, tablets, and phones. The best part is that it’s small enough to tuck into a sleeve or bag pocket without adding much bulk. It’s down to just $90 thanks to a $60 rebate for Prime Day.

$90 at Amazon

There’s no denying the importance of a good Bluetooth speaker. Whether you want to jam out to music in your backyard or catch up on podcasts while your shower, it’s an invaluable tool. During Prime Day, one of our favorite ones — the Anker Soundcore — is on sale for $15 off. It’s compact, comes in fun colors, and sounds way better than the low price would suggest.

$35 at Amazon

Sticking with Bluetooth speakers, another fantastic option comes in the form of the JBL Boombox. It’s much larger and more expensive than the Anker speaker, but there’s a good reason for that: it has much more impressive audio. You can easily fill an entire room (and then some) with the Boombox, which JBL describes as having “monstrous sound.” You also get a built-in carrying handle, 24-hour battery life, and a hefty $190 discount during Prime Day.

$360 at Amazon

You can have an amazing smartphone and tablet, but without a reliable Wi-Fi router, they aren’t much use. This Prime Day, give your home network the upgrade it needs with the Google Nest Wifi Router. It looks great, offers 2200 sq ft of coverage, and supports 2.4 and 5GHz bands. If you pick up the Nest Wifi during Prime Day, it can be yours for $49 off its retail price.

$180 at Amazon

Laptop & PC Component deals

Prime Day is a great opportunity for picking up a new laptop, as evident by this sale for the ASUS ZenBook Flip 14. This is a flagship laptop in every regard, with top specs including a 14-inch Full HD display, a 360-degree hinge, and an AMD R7-3700U processor with 12GB of RAM. It normally costs $1,049, but right now, it can be yours for only $879.

$879 at Amazon

This desktop PC has inside a 10th Gen Intel Core i3-10100 CPU, 8GB of DDR4-2666MHz RAM, and a 512GB M.2 PCIe NVMe SSD for fast read and write speeds. This is a great productivity machine for the home, and it even comes with a keyboard and mouse. This is always a top budget PC option, but right now you can save $144 for Prime Day.

$479 at Amazon

An all-in-one PC is great for those who don’t have a ton of office or family room space thanks to all performance hardware being built in behind the display. This IdeaCentre from Lenovo has a 32-inch FHD display with a slim bezel, and it includes an AMD Ryzen 3 4300U CPU, 8GB of DDR4 RAM, and a 256GB M.2 SSD. This is a great PC for homework and light productivity, all for $175 off.

$699 at Amazon

Whether it be large applications or hefty game files, having a powerful and roomy storage solution is a must for your computer. The Crucial MX500 fits the bill perfectly, and it’s on sale with a $63 discount during Prime Day. This model has 2TB of space and read/write speeds of 560/510Mbs, respectively.

$248 at Amazon

SSDs like the MX500 are great if you want fast speeds, but large storage amounts come at a big cost. If you’d rather focus on tons of room and are OK with slower read/write performance, check out the BarraCuda Pro from Seagate. This hard drive offers 10TB of storage and snappy 7200rpm performance, all for $142 off during Prime Day.

$378 at Amazon

Maybe one day we’ll be able to actually download RAM to our computers, but until that day comes, we have to keep buying physical options like a bunch of shmucks. If you need to up your PC’s memory, Crucial has you covered with this 32GB kit. It’s split between two 16GB sticks, is dead-simple to install, and allows for crazy multitasking performance. If you buy during Prime Day, you’ll save $69. Nice.

$117 at Amazon

You can have an ultra-powerful processor, graphics card, and RAM setup, but none of that matters if your CPU overheats when you need it the most. There are a lot of options out there for keeping your system cool, and for Prime Day, you can pick up Corsair’s liquid cooling setup for nearly $48 off its regular price. In addition to keeping your CPU as cool as a cucumber, it also has RGB lights. Because of course it does.

$143 at Amazon

Wearables deals

You don’t need me to introduce you to the Fitbit Versa 2, but here’s what I’ll say: if you don’t want an Apple Watch, but value all those delicious health stats, this is your best bet. Sure, there’s a Versa 3, but it’s $300 and only has a handful of upgrades. The Versa 2 is actually better in a few ways — that side button actually works, for instance — and it’s $50 off for Prime Day.

$180 at Amazon

If Wear OS is more your game than Fitbit or Apple Watch (likely if you have an Android smartphone), Fossil’s Gen 5 Carlyle at $255 for Prime Day is one hell of a deal. Available in several colors and strap styles, this is one of the best smartwatches available right now.

$255 at Amazon

An old standby, the Samsung Galaxy Watch is still one of the best smartwatches on the market today. Its rotating circular bezel makes it intuitive to move around the Tizen-powered OS, and the number of apps, from fitness to payments, make this an excellent deal at $70 off for Prime Day.

$230 at Amazon

For those looking for a smartwatch that’ll be a serious workout companion, the Garmin Forerunner 645 Music is a fantastic pick. It tracks a wide variety of exercises, lasts up to seven days on a single charge, has built-in GPS, and can store up to 500 songs for offline playback. It also has one of the most impressive Prime Day discounts at $280 off.

$300 at Amazon

Gaming deals

The Nintendo Switch is one of the most versatile consoles ever, and if you still haven’t picked one up, now’s the time to act. Just for Prime Day, you can get a Nintendo Switch bundled with Pokémon Let’s Go in either the Pikachu or Eevee variant while saving some cash in the process.

Once you have a Nintendo Switch, you’ll need a convenient way for charging your Joy-Con controllers. This charging dock from Power A is excellent, giving you a sleek and compact dock for charging up to four Joy-Cons at once. During Prime Day, it can be yours for $10 off its retail price.

$20 at Amazon

Want to take your gaming to the next level? The Razer Kraken headset is exactly what you need. Available in a ton of fun colors, the Kraken delivers immersive 7.1 surround sound, custom 50mm drivers, and has a super comfortable design for long gaming sessions. If you’re interested, it can be yours at a 42% discount during Prime Day.

$70 at Amazon

Speaking of Razer, PC gamers will want to check out this deal on the DeathAdder gaming mouse. It’s one of the best value mice on the market, with top features including a high-precision 400 DPI sensor, mechanical switches, and a rubberized scroll wheel. You also get five programmable buttons to do whatever you want with. Pick it up now at a 25% savings!

$30 at Amazon

Moving away from accessories, what about a legit gaming laptop? If you’re ready to start your gaming journey on the right foot, check out this Prime Day deal on the Acer Nitro Ultra. It’s a 15.6-inch gaming laptop with ample specs — like an Intel i7 processor, NVIDIA GTV 1650 graphics card, and 12GB of RAM. Not only does it look stunning, but it’s on sale now with a steep $351 discount.

$1,199 at Amazon

This is a laptop with a lot of power at a great price thanks to AMD Ryzen powering it. Get inside a Ryzen 7 3750H CPU, 16GB of DDR4 RAM, 512GB M.2 PCIe SSD, and NVIDIA RTX 2060 GPU for some stellar FHD performance on the 15.6-inch display. It’s also tested to ensure it can put up with some serious use and abuse.

$1,299 at Amazon

Television deals

Do you want a huge TV? You get a huge TV. LG’s 75-inch behemoth LED TV has a 4K UHD resolution, up to a 120Hz refresh rate (great for gaming), HDR10, and all the smart accouterments you expect, letting you stream your favorite content without any additional hardware. This is an expensive TV that’s seen a huge $750 discount for Prime Day.

$1,249 at Amazon

One of the most stunning TVs in recent years is The Frame from Samsung. It’s designed to look like a picture frame, and if you ask us, it looks like nothing else currently available. Along with its good looks, The Frame also delivers a 65-inch 4K display, QLED technology, and four HDMI ports for all of your devices. It’s more affordable than ever during Prime Day, seeing a generous $480 savings.

$1,918 at Amazon

If you want a Samsung TV but can’t justify the high cost of The Frame, another great option that’s more mainstream is the RU7100. All of the core features are here, including a 58-inch screen, 4K resolution, and a 120Hz refresh rate. Thanks to Samsung’s smart TV interface, you have easy access to Netflix, Hulu, Amazon Prime, and tons of other apps. Get it now for $52 off its retail price during Prime Day!

$648 at Amazon

Kitchen & Lifestyle deals

If your coffee maker is starting to become more calcium build-up than actual coffee maker, it might be time for an upgrade. Cuisinart makes some fine kitchen hardware, and this 10-cup Brew Central drip maker is no exception. It’s stainless steel, it’s programmable, and the pot is insulated. What more do you want?

$104 at Amazon

Don’t lie to yourself — having to vacuum your home is not fun. With the iRobot Roomba 981, you can maintain a clean and tidy apartment/house without having to lift a finger. The Roomba 981 has strong suction power, safely navigates around furniture, and works with both Alexa and the Google Assistant. With a $250 discount for Prime Day, you deserve to treat yourself.

$550 at Amazon

Oh, I’m sorry, you don’t have an Instant Pot yet? Seriously, do yourself a favour and give in to this delicious and essential home cooking product. This 7-in-1 Instant Pot does pressure cooking, sauteing, steaming, rice cooking, and much more — seriously, it’s incredible. At $90, this is $40 off its regular price for Prime Day.

$86 at Amazon

The most in-demand camping product of 2020, the LifeStraw personal water filter makes it safe to drink from more natural water sources while camping or canoeing. Perfect for those chilly Canadian fall camping trips.

$19 at Amazon

Check it out

Free Amazon Prime Trial

Try out Amazon Prime for free and gain access to all of Prime Day’s deals in the process! This 30-day trial grants you access to all of Prime’s perks, from free two-day shipping to the Prime Day sale, Prime Video streaming service, and more.

Free 30-day trial

Other great Canada Prime Day deals

When is Prime Day 2020?

While it usually takes place during the summer, this year’s Prime Day is scheduled for October 13 and 14. However, we’re already seeing some deals go live early! Most of the discounts are exclusively available to Amazon Prime members, though of course, you can start a free 30-day trial to gain access to any of the deals you’re interested in.

When do Prime Day deals start?

Now! Though technically Prime Day doesn’t begin until midnight PT on October 13, we’re already seeing early offers go live at Amazon, both on Amazon devices and products by other brands. It’s officially time to start Prime Day shopping!

Should you shop Prime Day 2020 deals or wait for Black Friday 2020?

Since Black Friday is taking place so close to Prime Day this year, we’re expecting Amazon to really go all out once the sale begins. If the store wants to entice shoppers to start their holiday shopping in October rather than November, they have to offer prices that are better than what we expect to see on Black Friday. Then again, buying early is always a better idea than buying later in the year no matter the current price. You never know when the item you’re planning to buy might become hard to buy or back-ordered, so it’s generally not recommended to wait when it comes to these end-of-the-year sales.

We may earn a commission for purchases using our links. Learn more.

Let’s block ads! (Why?)

Source link


Alberta to stop limits on oil production in December after nearly two years – Business News –



Alberta’s oil curtailment quotas are set to end in December, nearly two years after the previous NDP government introduced them to support oil prices, the UCP government announced Friday.

The curtailments, reset monthly, are no longer necessary because 16 per cent of Alberta’s crude oil production is off-line, down from 22 per cent at the start of the COVID-19 pandemic, the government said in a news release.

It added it will retain the regulatory authority to reintroduce the measures if necessary in 2021.

“Maintaining the stability and predictability of Alberta’s resource sector is vital for investor confidence as we navigate the economic conditions brought on by the pandemic, the commodity price crisis and the need for pipelines,” said Energy Minister Sonya Savage.

“This purposeful approach serves as an insurance policy, as it will allow Alberta to respond swiftly if there is a risk of storage reaching maximum capacity while enabling industry to produce as the free market intended.”

The province quoted Genscape in noting that there were about 20 million barrels of oil in storage as of Oct. 16, down from nearly 40 million when the curtailment program began.

High inventory levels are blamed on the inability of the pipeline system to match the province’s growing oil production levels, mainly from new and expanded oilsands projects.

The program has been controversial from the start, with oil producers such as Cenovus Energy Inc. largely in favour of it while oil producers that also own refining operations, such as Imperial Oil Ltd., adamantly opposed.

“We have always maintained that a market-based approach is best and support the government’s move to end the current program,” said Husky Energy Inc. spokeswoman Dawn Delaney on Friday.

In a report, RBC analyst Greg Pardy said the end of the program is beneficial for producers including Cenovus, Suncor Energy Inc., Canadian Natural Resources Ltd. and others that have been forced to choke back production at their facilities.

Suncor, for example, has not been able to maintain full production at its Fort Hills oilsands mine after expanding its capacity to 194,000 barrels per day in 2018. Earlier this year, it shut down one of its two extraction trains because of low oil prices.

However, a rebound in production could result in widening of the price discount on western Canadian crude versus U.S. benchmarks, Pardy warned, noting that lower oilsands output so far this year has reduced the discount on western Canadian Select bitumen-blend oil.

The province’s allowable production quota was gradually raised from 3.56 million barrels per day in January 2019 to 3.81 million bpd by year-end, a level maintained through the first 11 months of 2020.

The province says production was actually 3.1 million bpd in August and it’s not expected to exceed export capacity before mid-2021.

The government’s move to stop the program makes sense given the impact of the COVID-19 pandemic on the oil market, said Ben Brunnen, vice-president of fiscal and economic policy for the Canadian Association of Petroleum Producers.

“This enables companies now to be making decisions from a production perspective based on market fundamentals as opposed to government-mandated limitations,” he said.

But he added it’s unfortunate the government felt obliged to intervene in the market in the first place.

“CAPP supports transparent and unconstrained market access to ensure all of Alberta’s oil production is delivered to desired markets at market clearing prices,” he said.

The government says it extended what was intended to be a short-term measure because of ongoing delays to pipeline projects that would increase the province’s export capacity.

Pardy said the completion of pipelines including Keystone XL, the Trans Mountain expansion, and Enbridge Line 3 “should enhance the province’s permanent ability to balance production and takeaway capacity, helping to ensure Alberta’s resources are exported at full value.”

Let’s block ads! (Why?)

Source link

Continue Reading


Le Chateau closing all 123 stores, including Thunder Bay location –



THUNDER BAY — The city is losing another long-standing national clothing outlet. 

The Montreal-based company on Thursday announced its intention to seek protection under the Companies Creditors Arrangement Act and plans to close all 123 of its locations, including one at Intercity Shopping Centre. The company cited the challenges of the pandemic and the second wave of COVID-19 hitting many communities as an underlying factor. 

“Its already evident impact on consumer demand for Le Chateau’s holiday party and occasion wear, which represents the core of our offering, has diminished Le Château’s ability to pursue its activities. Regrettably, these circumstances leave the Company with no option other than to commence the liquidation process,” reads a statement posted on the company’s corporate website. 

About 1,400 people are expected to lose their job as a result. 

Stores are expected to remain open through the liquidation process. 

The mall has been hard hit in recent years, losing anchor tenants Lowe’s and Sears. Marshalls did take over a portion of the former Sears location. 

Le Chateau says it looked into means of refinancing or finding a third party to operate th company, but was unsuccessful. The company has been in business since 1959. 

Let’s block ads! (Why?)

Source link

Continue Reading


Alberta ends OPEC-style curbs after COVID-led oil sands retreat – BNN



Alberta’s two-year experiment with OPEC-style crude production curbs is coming to an end after a COVID-driven collapse in demand led the province’s battered oil-sands industry to idle more output than required.

A cap on production that’s currently at 3.81 million barrels a day will no longer be in effect in December, with output below the limit for several months, the provincial government said in a release on Friday. An increase in pipeline capacity this year also means the province is no longer struggling to store stranded crude.

“Current forecast show that inventories are expected to remain low, with sufficient export capacity to allow the system to operate efficiently on its own well into 2021,” the Alberta government said in the statement.

Home to the world’s third-largest crude reserves, the Canadian oil sands have been hit hard by this year’s virus-driven market crash after years already struggling with insufficient pipeline capacity and competition from U.S. shale.

Alberta imposed output limits on large oil producers at the beginning of 2019 after a storage glut formed due to a pipeline shortage, causing local oil prices to plummet. The move was controversial: welcomed by some oil-sands companies such as Cenovus Energy Inc., while criticized by others including Imperial Oil Ltd.

Oil’s crash prompted local producers to shut almost a million barrels a day of production earlier this year.

The government said experts don’t expect production in Western Canada to be above pipeline capacity before the middle of 2021 at the earliest, and storage levels are expected to remain low. As of the end of last week, inventories were at about 20 million barrels, according to data-provider Genscape Inc. When production limits were introduced in 2019, inventories had been approaching 40 million barrels.

The lifting of quotas could widen heavy Canadian crude’s discount to benchmark West Texas Intermediate futures to US$14 to US$16 a barrel as an incremental 120,000 to 150,000 barrels a day of crude production comes online, Manav Gupta, an analyst at Credit Suisse Group AG, said in a note. The discount has been near US$10 for the past several months.

A challenge for Alberta has been limited pipeline space for export capacity. While no new export pipelines have been built since the quotas were imposed, three major projects are under construction and existing pipelines are shipping out more oil than in the past. TC Energy Corp.’s Keystone pipeline will be able to export an additional 50,000 barrels a day next year using so-called drag resistance agents.

In addition, oil companies have secured long-term contracts to ship crude by rail. While exports on trains collapsed to an eight-year low in July, the rebounded 30% in August to more than 51,000 barrels per day in August 2020, government data show.

The government will continue to monitor inventories and may resume monthly oil production limits “if emerging market conditions make it absolutely necessary,” the provincial government said. If forecasts show inventories approaching maximum capacity in the upcoming four to six months, the government will implement output limits again. In this scenario, the industry will receive 30 to 60 days of advance notice so companies can plan their production.

Let’s block ads! (Why?)

Source link

Continue Reading