Another year, another record for Alberta’s oil industry.
Oilsands production is on pace to reach an all-time high this year as production in northern Alberta is expected to grow by five per cent in 2025 compared to last year.
The latest forecast released Wednesday by S&P Global Commodity Insights anticipates average annual production of 3.5 million barrels per day this year. By 2030, production could reach 3.9 million barrels per day.
