S&P Global sees Canadian oil sands output averaging record 3.5 million bpd in 2026

• S&P Global projects Canadian oil sands output averaging 3.5 million b/d in 2026, up 100,000 b/d, setting a record.
• Forecast sees production reaching 3.9 million b/d in the early 2030s, then roughly plateauing under the base case.
• Near-term growth remains driven by optimization of existing facilities, though new-build projects could lift the longer-term trajectory.
• Analysis estimates nearly 500,000 b/d of additional capacity could advance beyond the current outlook if investment conditions improve.
• Key signal expected Nov. 15, 2026, from a final Canada-Alberta implementation agreement tied to the oil sands industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. S&P Global Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609291000PR_NEWS_USPR_____NY59150) on September 29, 2026, and is solely responsible for the information contained therein.