Canadian oil output to hit new heights within two years: Report ...Middle East

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Canadian oil output to hit new heights within two years: Report
Article content CALGARY — The coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report. The report by Deloitte Canada said the extra capacity created by the currently ongoing pipeline expansion is expected to boost Canadian production by about 375,000 barrels a day over the next two years. Article content That represents an eight per cent increase from the previous production high set in November 2022, and a nearly nine per cent increase from the 4.18 million barrels per day (bpd) of oil that Canada produced in June of this year — the most recent month for which statistics are available

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