Canada Oil Sands Output to Reach Record High of 3.5 Million Bpd in 2026
Canada's oil sands production is expected to reach a record high of 3.5 million barrels per day in 2026, according to S&P Global Energy.
This represents an increase of approximately 100,000 barrels per day from 2025 levels, or about 3% growth.
The projected rise is largely attributed to the optimization of existing operations rather than new construction projects.