Alberta’s crude oil output in February 2025 reached a record high for the month at 4.02 MMb/d (rightmost blue column and text in chart below), 0.06 MMb/d above one year ago (itself the prior record holder for February) and down 0.18 MMb/d from January. The latest reading for February marks the fifth consecutive month for Alberta’s oil output being greater than 4 MMb/d and stands 0.24 MMb/d below December 2024’s record for any month at 4.26 MMb/d.
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- Analyst Insight
Alberta September Crude Oil Production Falls to Five Month Low; Inventory Cover At 15-Year Low
Alberta's oil output declined in September, pushed lower by a pullback in the production of synthetic crude oil as a result of turnaround work.. The province's inventory cover remains at a 15 year low.
- Analyst Insight
Alberta Crude Oil Production Pushes to Record High in November
Alberta reached record oil output at 4.20 MMb/d in November 2024 driven by increases in synthetic crude oil and conventional light crude oil. Is another record on the way for December?
- Analyst Insight
Alberta Sets New Crude Oil Production Record for August; Inventory Cover Hits 15-Year Low
Alberta's oil production set a new record for August. The province's days of oil inventory cover hit its lowest since at least 2010 thanks to expanded exports into the Trans Mountain pipeline.
