Oil sands to continue to grow but heightened energy security concerns have not yet boosted outlook

S&p global commodity insights 10-year forecast expects oil sands production in 2030 to be 3.5 million barrels per day—17 percent higher than current levels calgary, ab , july 27, 2022 /prnewswire/ -- while the russian invasion of ukraine has increased the incentive to raise canadian oil sands production in the short-term, it has not fundamentally altered the production outlook over the longer-term, according to the latest forecast by the s&p global oil sands dialogue. the updated 10-year forecast expects canadian oil sands production to reach 3.5 million barrels per day (mmbd) in 2030, an increase of about half a million barrels per day compared to 2021 production levels, according to the s&p global commodity insights forecast.
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