Oilsands production is projected to hit a record high this year, according to a new S&P forecast, with an anticipated 5 percent growth in northern Alberta’s production in 2025 compared to last year.
The oilsands have the potential to boost output by an additional half a million barrels per day from last year’s figures by 2030, despite global crude price uncertainties, according to the latest forecast released by S&P Global Commodity Insights.
