The price and availability of key commodities has a direct and profound impact on construction and operating costs for oil sands projects. This session will examine trends and forecasts in key commodities to help you adapt to market volatility.

• Examining current and forecasted market values of important materials, including steel, copper, fuels, diluent, etc.
  • How does this compare to historic trends?
• Understanding factors that drive price shifts and how to anticipate them and build them into your budgets and procurement plans
  • What are the differences between regulated and non-regulated commodities?
• Assessing the relationship between resource availability and purchase price
  • In what situation would it be beneficial to stockpile or overestimate material requirements?
  • What are the risks involved and when would they outweigh the benefits?
• What oil sands operators can do to best adapt to market changes, both expected and unexpected