Growth in Canadian crude oil production is expected to slow by about 3 percent as oil prices weigh on future developments, industry leaders said. The National Energy Board in Canada said total crude oil production should average 3.8 million barrels per day in 2015. That’s about 3.5 percent less than last year and, with oil prices expected to stay well below the $100 per barrel mark for the foreseeable future, drilling activity in Canadian basins should experience a 40 percent decline year-on-year. Bill Wall, a technical specialist at the NEB, told UPI there should be a slowdown in future production, though existing products should be sustained despite the low price for oil. “Oil sands production is expected to grow, as several projects will be ramping up or coming on stream in 2015,” he […]