Oil production in Alberta in the first half of this year has surged higher than it was in 2019 before the disruption of the pandemic and the collapse of energy prices, analysts say. The vast majority of that production — 86 per cent — is accounted for by oilsands extraction. The upswing is the continuation of a long-term trend, with production now 86.2 per cent higher than it was in 2010, ATB Economics said. Alberta oil production over the first six months of 2021 was 5.7 per cent higher than during the same period in 2020, says ATB Economics. With both production and prices higher than they were in 2020, the dollar value of international crude oil exports from Alberta was up $9.7 billion — 36.8 per cent higher over the first six months of 2021, ATB Economics said.

Source: CBC News August 11, 2021 18:37 UTC