September 03, 2024 17:24 GMT
OIL: Alberta Oil Output Rises Above 4m b/d For the First Time Since March
OIL
Alberta’s oil output rose 115.9k b/d to 4m b/d in July, the highest since March, Alberta Energy Regulator data shows.
- Oil-sands production increased 115.6k b/d on higher mined output, offset by a drop in oil-sands well output to the lowest since January amid a curtailment of Suncor’s Firebag due to wildfire.
- Conventional oil output fell 3.9k b/d to 534.7k b/d.
- Condensate production from wells rose to 84.4k b/d, the highest since Dec. 2022.
- Total oil production for the first seven months of 2024 was 199k b/d.
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