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Oil sands join shale in complicating OPEC's efforts to ease crude glut

OPEC is facing a double challenge in its efforts to rebalance the oil market as Canadian oil sands operators increase drilling activity in tandem with US shale drillers, with some of them producing above capacity despite low prices. IHS Energy predicted that the oil sands will be the No. 2 contributor to global oil supply growth over the next two years, second only to shale.

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