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Canadian oil sands production to hit record 3.5M bpd in 2026, with growth potential from new projects.

Market News
29 Sep 2026
PRNewsWire
View Source
Bullish
Canadian oil sands production to hit record 3.5M bpd in 2026, with growth potential from new projects.

Canadian oil sands production is projected to reach a record 3.5 million barrels per day in 2026, a 3% increase from 2025, and could grow to 3.9 million bpd by the early 2030s. Most near-term growth will come from optimizing existing facilities, but renewed interest in new construction projects could further boost long-term output. Factors such as expanded pipeline capacity, extended carbon pricing, and supportive government policies are driving optimism. However, new projects require significant investment and time, with final growth depending on shareholder appetite and upcoming government agreements.

Canadian oil sands production growth is projected to continue, reaching a record 3.5 million barrels per day in 2026. For readers following energy markets, here is Pluang's snapshot as of Sep 29, 2026 20:51 WIB: Among 38 priced Energy-sector US stocks, 8 rose and 29 fell. Notable prices include EQNR at USD 41.52 with 94% sell order activity, RIG at USD 5.19, and E at USD 54.70 with a balanced buy/sell split.

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