IHS Markit: Canadian oil sands production exceeds pre-pandemic levels, but lower than prior projections
Green Car Congress
JUNE 24, 2021
Canadian oil sands production has fully recovered from last year’s “COVID-19 Shock”—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic levels. However, lingering COVID impacts, pipeline constraints and uncertainties related to an accelerating energy transition have reduced the longer-term growth projection for oil sands. —Kevin Birn, vice president and head of Canadian oil market for IHS Markit.