Canadian Association of Petroleum Producers

The latest forecast from the Canadian Association of Petroleum Producers (CAPP) was published a couple of weeks ago. In spite of lower crude prices CAPP continue to forecast growth in Canadian crude output to 2030 – albeit at a slower pace than previously expected. Continued growth means that takeaway constraints getting Canadian crude to market remain a key challenge – even though increased use of crude-by-rail has taken up some of the slack. Today we conclude our review of the 2015 CAPP outlook.

The latest forecast from the Canadian Association of Petroleum Producers (CAPP) was published last week (June 9, 2015). This annual survey of Canadian crude production, transportation and market demand differs from many forecasts because it is based on surveys of producers and refiners rather than price projections and models. In spite of lower crude prices CAPP continue to forecast growth in Canadian crude output to 2030 – albeit at a slower pace than previously expected.  Today we review CAPP’s production and North American market demand forecasts.