S&p global commodity insights raises 10-year production outlook for canadian oil sands for first time in more than half decade

Latest forecast expects oil sands production in 2030 to be 3.7 million barrels per day—half a million barrels per day higher than current levels calgary, ab, may 25, 2023 /prnewswire/ -- higher crude prices and continued optimization improvements have driven the first upward revision to the s&p global commodity insights 10-year oil sands production outlook in more than half a decade. the new forecast, produced by the s&p global commodity insights oil sands dialogue, expects canadian oil sands production to reach 3.7 million barrels per day (mbd) by 2030—half a million barrels per day higher than today.
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