As reported by the Alberta Energy Regulator (AER), Alberta’s oil production was 3.8 MMb/d in September 2024 (rightmost stacked bars in chart below), slightly behind the production level of one year ago, and 224 Mb/d lower than August. The September decline was driven primarily by a pullback of 171 Mb/d in the output of synthetic crude oil (SCO, red bars). Turnaround work at Shell’s Scotford Upgrader and Suncor’s Base Plant during the month were the likely drivers of the downturn in SCO production. A small pullback of 5 Mb/d in the output of non-upgraded bitumen (green bars) placed it below 2 MMb/d for the first time since January.
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- 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.
- Analyst Insight
Alberta October Crude Oil Production Reaches Second Highest Level on Record
Alberta's oil output reached its second highest level on record in October 2024 at 4.18 MMb/d, just behind the record of 4.19 MMb/d set in December 2023.
- 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?
