S&P Global sees Canadian oil sands output averaging record 3.5 million bpd in 2026

Bitget2026/09/29 14:02

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S&P Global projects Canadian oil sands output averaging 3.5 million b/d in 2026, up 100,000 b/d, setting a record.
Forecast sees production reaching 3.9 million b/d in the early 2030s, then roughly plateauing under the base case.
Near-term growth remains driven by optimization of existing facilities, though new-build projects could lift the longer-term trajectory.
Analysis estimates nearly 500,000 b/d of additional capacity could advance beyond the current outlook if investment conditions improve.
Key signal expected Nov. 15, 2026, from a final Canada-Alberta implementation agreement tied to the oil sands industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. S&P Global Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609291000PR_NEWS_USPR_____NY59150) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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S&P Global sees Canadian oil sands output averaging record 3.5 million bpd in 2026

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