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Aug 28, 2024 · The data sources and calculations used are described in the Excel file on the first worksheet. Forecasted values are no longer available in this publication. For the latest projections of crude oil and natural gas production in Canada please visit the Canada’s Energy Future main page.
- Energy Production
- Energy Transportation and Trade
- Energy Consumption and Greenhouse Gas (GHG) Emissions
- Energy Authorities
Crude Oil
1. Canada produced 5.1 million barrels per day (MMb/d) of crude oil in 2023, an increase of 1.9% from 2022 (Figure 1). Canada was ranked as the fourth largest oil producer in the world in 2023.Footnote 1Since 2013, Canada’s crude oil production has increased by 41%. 2. Canadian oil production mainly comes from western Canada, which accounted for about 96% of total production in 2023. The remainder was produced mostly in Newfoundland and Labrador. 3. Alberta was Canada's largest producer of oi...
Refined Petroleum Products
1. RPPs are a range of products that are refined from crude oil, like gasoline, diesel, heating oil, and jet fuel. RPPs are the second largest type of energy consumed by end users in Canada. 2. Canada has 17 refineries with a total capacity of approximately 1.93 MMb/d as of 2024. Alberta has the largest share of refining capacity (30%), followed by Ontario and Quebec (21% each), New Brunswick (17%), Saskatchewan (8%), British Columbia (B.C.) (4%), and Newfoundland (1%). 3. In 2023, Canadian r...
Natural Gas/Natural Gas Liquids
1. In 2023, Canada was the fifth largest natural gas producer in the world.Footnote 9 Production averaged 17.9 billion cubic feet per day (Bcf/d) in 2023, a 3.6% increase from 17.3 Bcf/d in 2022 (Figure 1). 2. Most of the natural gas produced in Canada comes from Alberta and B.C. These provinces accounted for 98% of Canada’s total production in 2023. Smaller amounts of natural gas were produced in Saskatchewan, Ontario, the Northwest Territories (NWT), and New Brunswick. Nova Scotia stopped p...
Crude Oil and Liquids
1. Canada’s large pipeline system serves both domestic refineries and export markets (Figure 3). The CER regulates all interprovincial and international crude oil pipelines. 2. Total crude oil exports in 2023 were 4.0 MMb/d, 3% higher than 2022. Nearly all these volumes are exported to the U.S. The total value of Canada’s crude oil exports in 2023 was over $130 billion, an 11% decrease from 2022’s record high of $150 billion due to lower crude oil prices.Footnote 30 3. In 2023, Canada exporte...
Natural Gas
1. In 2023, Canada exported an average of 8.1 Bcf/d of natural gas and imported 2.5 Bcf/d. The net export value of natural gas in 2023 was $10.1 billion.Footnote 40 2. Canada has a vast network of natural gas pipelines (Figure 4). Natural gas generally flows from producing areas in the Western Canada Sedimentary Basin (WCSB) to consuming markets in western Canada, central Canada, and the U.S. TC Energy’s Canadian MainlineFootnote 41 is the primary long-haul natural gas pipeline in Canada. It...
Liquefied Natural Gas
1. LNG CanadaFootnote 49 in Kitimat, B.C., and Woodfibre LNGFootnote 50 in Squamish, B.C., are the only proposed LNG export facilities in Canada that have started construction. The first shipments from LNG Canada are expected by the middle of 2025.Footnote 51 2. The Saint John LNG terminalFootnote 52in New Brunswick, formerly known as Canaport, is Canada’s only LNG import terminal since 2009. The Saint John LNG import terminal can deliver up to 1.2 Bcf/d of natural gas to markets in the Marit...
Total Energy Consumption
1. Total end-use energy demand in Canada was 11,059 petajoules (PJ) in 2020. The largest sector for energy demand was industrial at 53% of total demand, followed by transportation at 20%, residential at 14%, and commercial at 13% (Figure 5). 2. In 2020, natural gas was the main energy consumed in Canada, accounting for 4,164 PJ, or 38%, of consumption. Refined petroleum products and electricity accounted for 4,077 PJ (37%) and 1,990 PJ (18%), respectively (Figure 6).
Refined Petroleum Products
1. Total demand in Canada for RPPs in 2020 was 4,077 PJ. The primary products consumed were gasoline and diesel. Other products include heavy fuel oil, asphalt, and lubricants. 2. Per capita consumption of motor gasoline in 2022 was 1,035 litres. Motor gasoline consumption was highest in Saskatchewan at 1,878 litres per capita, and lowest in Nunavut at 565 litres per capita. 3. Per capita consumption of diesel in 2022 was 772 litres. Diesel consumption was highest in the Northwest Territories...
Natural Gas
1. Canada consumed an average of 11.9 Bcf/d of natural gas in 2023. Alberta used the most natural gas at 6.9 Bcf/d, followed by Ontario at 2.8 Bcf/d, and B.C. at 0.6 Bcf/d. 2. Canada’s largest consuming sector for natural gas was the industrial sector, which consumed 9.0 Bcf/d in 2023. The residential and commercial sectors consumed 1.5 Bcf/d and 1.4 Bcf/d, respectively.
May 31, 2024 · The oil industry in Canada has direct operations in seven of Canada's thirteen provinces and territories, including offshore. Since the 1990s, oil production has more than doubled in Canada ...
Mar 7, 2024 · In 2024, we estimate that Canadian oil production could advance by 6–10%, roughly equivalent to 300–500k/bpd. The band is fairly wide to incorporate lingering uncertainties, but even on the low end, this would match average annual growth in the booming years between 2010–2015.
Oct 12, 2023 · The country produces about 4.8 million barrels per day (bpd) of crude and that figure could climb by about 500,000 bpd to about 5.3 million bpd by the end of 2024, according to S&P...
Mar 7, 2024 · Based on the latest available international data (2022), Canada remained among the top four oil producers worldwide. The overall increase in 2023 was largely driven by production from the oil sands (+2.1%).
Jul 28, 2021 · The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) Note from January 2019 to February 2021.
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related to: How much oil is produced in Canada?Capitalize on Canada's clean energy incentives & grow your business In Canada. Contact us! With abundant renewable energy resources, Canada is committed to develop a greener future.
