As reported by the Alberta Energy Regulator (AER), Alberta’s oil production was 4.0 MMb/d in July 2024, a record for the month (rightmost stacked bars in chart below), 105 Mb/d higher than a year ago and the first time since March that output was at or better than 4 MMb/d. This was an increase of 116 Mb/d from June, driven by a recovery in the output of synthetic crude oil of 138 Mb/d after the completion of maintenance turnarounds at Canadian Natural Resources’ Horizon upgrader (capacity 250 Mb/d) and Suncor’s Base Plant upgrader (capacity 350 Mb/d) in June. July’s total crude output was just 183 Mb/d below the individual monthly record set in December 2023 at 4.19 MMb/d.
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- Analyst Insight
Alberta Sets New Crude Oil Production Record for June; Year-on-Year Growth Powers Ahead
Alberta's crude oil production set a record for the month of June driven by more growth in bitumen and synthetic crude oil.
- Analyst Insight
Alberta Sets New Crude Oil Production Record for May; Year-on-Year Growth Plowing Ahead
Despite heavy turnaround work in the oil sands, Alberta set another record in terms of May oil production, led, as usual, by the oil sands.
- Analyst Insight
Alberta’s Crude Oil Production Rebounds Strongly in June
Alberta's June production roared back from two-year lows in May thanks to big gains in synthetic and non-upgraded bitumen output.
