Canada’s Oil Sands Production Set for Record High in 2025 ...Middle East

Despite lower oil prices, Canada’s oil sands production is expected to reach an annual all-time high of 3.5 million barrels per day (bpd) this year, thanks to optimization and efficiency at producing assets, S&P Global Commodity Insights said on Tuesday in its latest outlook. Output from Canada’s oil sands will continue to rise beyond this year, according to S&P Global Commodity Insights’ 10-year production outlook. This year, production is set for a record annual average of 3.5 million bpd, up by 5% compared to the 2024…

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