ATB Economics | May 12, 2021

After pulling back in January and February, the volume of daily oil production in Alberta increased by 1.5 per cent in March, averaging 3.62 million barrels per day.

This is the best March on record with year-over-year production up by 1.2 per cent compared to March 2020 and by 4.4 per cent compared to March 2019.

Average daily oil production got as low as 2.89 million barrels in May 2020.

Even with the pandemic still in play in Alberta and around the world, strong oil prices (WTI futures have been above $US60 per barrel since mid-April) and the economic recovery in the U.S. should continue to push up…

ATB Economics | February 18, 2021

Oil production in Alberta getting back on track

When billions of dollars and thousands of jobs are on the line, “it could’ve been worse” is not what you want to hear. But when it comes to Alberta’s total oil production in 2020, it could’ve been worse.

Between the pandemic, an oil price war, prices slipping into negative territory, ongoing pipeline challenges, lockdowns, travel restrictions and a second wave of the virus, the fact…