23 Aug, 23

Canada’s Oil Production Set For 8% Rise Over Two Years

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Tie-backs to existing oil sands facilities or expansion of operational sites by some of the biggest Canadian oil firms are expected to boost Canada’s crude oil production by 8% by 2025, analysts have told Reuters. Analysts at RBN Energy see Canadian crude oil production rising by 175,000 barrels per day (bpd) in 2023 and by another 200,000 bpd next year. “Companies can finally say things have recovered enough in the industry that we can maintain returns to shareholders and put some money into production growth,” RBN Energy analyst…

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