Canadian crude oil production has once again reached new highs and is expected to continue growing. But, in an area where steep price discounts have been a frequent problem in the past, and in a world that is seemingly awash in crude at the moment, what does that mean for Canadian crude producers, and how will all this growing supply get to market? In today’s RBN blog, the first of a series, we discuss the ongoing growth of Canadian crude supply.
The RBN Crude Oil Analytic Suite gives you access to four weekly reports covering crude oil markets, including: Crude Billboard, Crude Permian, Crude TradeView, and Crude Voyager.
Canadian crude oil and condensate production has nearly doubled since 2010, making Canada the world’s fourth-largest producer, trailing only the U.S., Russia and Saudi Arabia. In fact, the province of Alberta on its own is the world’s #4 producer. Canadian production saw another year of growth in 2025, with November and December setting new highs at 5.6 MMb/d (total across stacked layers at right end of Figure 1 below). All but 4% of this production (gold layer) came from the Western Canadian Sedimentary Basin (WCSB), where pipeline capacity constraints and steep price discounts have been a frequent problem for producers over the past couple of decades.
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About the song
“Turn Me Loose” was written by Paul Dean and Mike Reno and appears as the second song on side one of Loverboy’s eponymous debut studio album. The song is built around a bass riff and features crunchy guitar by Paul Dean and the plaintive vocals of Mike Reno. Released as the first single from the album in February 1981, it went to #6 on the Billboard Pop Rock Tracks chart and #35 on the Billboard Hot 100 Singles. Personnel on the record were: Mike Reno (lead vocals), Paul Dean (guitars, backing vocals), Scott Smith (bass), Doug Johnson (keyboards), Matt Frenette (drums), and Nancy Nash and Katie Kissoon (backing vocals).
The album, Loverboy, was recorded in 1979-80 at Little Mountain Sound in Vancouver and produced by Bruce Fairbairn. Released in the U.S. in November 1980, it went to #13 on the Billboard 200 Albums chart and has been certified 2X Platinum by the Recording Industry Association of America. Three singles were released from the LP.
Loverboy is a Canadian hard rock band formed in Calgary, AB, in 1979. After opening shows for major rock acts in Canada, the group was signed to a record deal with Columbia Records Canada in 1979 and released their debut album, Loverboy, in the U.S. in November 1980. They have released nine studio albums, four live albums, 16 compilation albums, and 29 singles and have sold more than 15 million records worldwide. Seven members have passed through the band since its formation. Bassist Scott Smith was presumed dead after a large wave swept him off his boat near San Francisco in November 2000 at 45. (His body has never been recovered.) Bassist Jim Clench died in November 2010 in Montreal at 61. After a hiatus from 1989 to 1991, Loverboy continues to tour and will be appearing at various venues in the U.S. beginning in June.
"About the Song" -- written by Mickey McMahan , RBN Director of Musicology
