As reported by the Alberta Energy Regulator (AER), Alberta’s oil production was 3.68 MMb/d in May 2024, a record for the month (rightmost stacked bars in chart below) and 254 Mb/d higher than a year ago. This was a decrease of 244 Mb/d from April, driven mostly by a downturn in the output of synthetic crude oil of 206 Mb/d. May production of synthetic was handicapped by turnaround work at Canadian Natural Resources’ Horizon upgrader (capacity 250 Mb/d) which spanned May and June, as well as Suncor’s Base Plant upgrader (capacity 350 Mb/d), which also spanned May and June.
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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 Production Record for April, With Acceleration in Year-on-Year Growth
Alberta's crude oil production growth continues to impress, running near 200 Mb/d on a year-over-year basis; growth could well top 250 Mb/d for 2024..
- Analyst Insight
Alberta Sets New Crude Oil Production Record for July; Year-on-Year Growth Decelerates
Alberta's oil output recovered to 4 MMb/d in July, led by gains in synthetic crude oil;. With turnarounds complete in the oil sands, August crude production might possibly set an all-time record north of 4.2 MMb/d.
