Canada’s oil production will rise for the next decade and then start declining as countries strive to curb greenhouse gas emissions, potentially reducing revenues from the country’s biggest export.
Output at the world’s fourth-largest oil producer will climb to 5.8 million barrels a day by 2032, from 5 million this year, and then decline to 4.8 million barrels daily in 2050, according to a report issued Thursday by the Canada Energy Regulator.
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December 10, 2021 at 12:27AM
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Canada's Oil Output May Start Declining in 2032, Regulator Says - Bloomberg
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