IHS Markit: Canadian oil sands production growth to slow

Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit. The business information provider expects average year-on-year supply additions will be less than 100,000 b/d in the coming decade. By contrast, growth over the current decade averaged additions of more than 150,000 b/d.