Canadian oil sands production expected to reach all-time highs this year despite lower oil prices

S&p global commodity insights raises 10-year oil sands production outlook for 4th consecutive year calgary, ab , june 24, 2025 /prnewswire/ -- s&p global commodity insights has raised its 10-year production outlook for the canadian oil sands. the latest forecast expects oil sands production to reach a record annual average production of 3.5 million b/d in 2025 (5% higher than 2024) and exceed 3.9 million b/d by 2030—half a million barrels per day higher than 2024.
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