Canadian Oil Production Seen Doubling by 2020

Canada’s oil production could double by 2020 as new projects in the country’s oil sands more than replace declining conventional output, the Canadian oil industry’s biggest lobby group said Wednesday.

Oil production in Canada, the biggest supplier to the US market, is expected to grow to 4.9 million barrels a day by 2020 from last year’s daily average of 2.5 million barrels, the Canadian Association of Petroleum Producers (CAPP) said in its annual production forecast.

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