The Zacks Oil and Gas - Exploration and Production - Canadian industry faces mixed dynamics. Weaker Chinese consumption, a critical factor in global oil pricing, has prompted OPEC+ production cuts. If China's demand remains subdued, oversupply could further pressure prices. Additionally, the rise of renewables and EVs presents long-term challenges, with technology advancements steadily reducing fossil fuel dependence. Yet, Canada’s energy infrastructure received a boost from the Trans Mountain Pipeline Expa ...