Alberta’s crude oil output in December 2024 reached a record high for any month at 4.26 MMb/d (pink dashed rectangle in chart below), pulling out ahead of the previous record holder set one year ago at 4.19 MMb/d (black dashed rectangle). The latest record breaker represents an increase of 0.06 MMb/d over November (itself a record holder for that month) and 0.07 MMb/d higher than one year ago. The December landmark was driven by a record for synthetic crude oil production of 1.42 MMb/d, surpassing the prior record also set one year ago at 1.40 MMb/d. Output of bitumen in the month at 2.18 MMb/d was a little behind the current record month of October 2024 at 2.25 MMb/d. Industry expectations are that new production records for this category will be set in 2025.
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Alberta Crude Oil Sets January Production Record
Alberta set a new crude oil production record for January at 4.19 MMb/d and nearly 400 Mb/d higher than one year ago.
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Alberta’s Crude Oil Production Sets New Record in July
July chalked up a new record for Alberta's crude oil production driven by record bitumen output.
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Alberta Crude Oil Sets March Production Record
Alberta's output of crude oil set a new record for March at 4.19 MMb/d. Record production of bitumen was partly offset by a sharp fall in synthetic output.
