Alberta’s July Oil Production Hit Record High, Marking 9th Year of Growth

Alberta’s crude oil production reached a historic high in July, marking the highest level ever recorded for the month of July and continuing a nine-year trend of annual increases, according to ATB Financial. Total oil production reached 4 million barrels per day in July, the Crown corporation reported on Sept. 3. This marks a doubling of Alberta’s production over the past 14 years, from 2 million barrels per day in 2010. The province’s average oil production for the first seven months of the year stands at 3.9 million barrels per day, a 5 percent increase from the previous record set last year, according to the report....