Crude Oil Forecast, Markets and Transportation
Canadian oil production is projected to grow steadily by an annual average of four per cent or 175,000 barrels per day over the period to 2030 as companies continue to develop the oil sands in response to strong demand indications from North American and global energy markets. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation, total Canadian crude oil production will increase to 6.4 million barrels per day by 2030 from 3.5 million barrels per day in 2013.
- Issues:
- Infrastructure, Energy, Natural Resources
- Region:
- North America
- Country:
- Canada
- Year Published:
- 2014
- Institution:
- Canadian Association of Petroleum Producers (CAPP)