Crude Oil Production in Canada increased to 5047 BBL/D/1K in March from 5042 BBL/D/1K in February of 2026. Crude Oil Production in Canada averaged 2488.74 BBL/D/1K from 1973 until 2026, reaching an all time high of 5232.00 BBL/D/1K in November of 2025 and a record low of 955.00 BBL/D/1K in April of 1982. source: U.S. Energy Information Administration

Crude Oil Production in Canada is expected to be 5210.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Crude Oil Production is projected to trend around 5320.00 BBL/D/1K in 2027 and 5450.00 BBL/D/1K in 2028, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 4240.00 3410.00 CAD Million May 2026
Capital Flows -6052.00 3590.00 CAD Million Mar 2026
Crude Oil Production 5047.00 5042.00 BBL/D/1K Mar 2026
Current Account -7184.00 -1009.00 CAD Million Mar 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 77100.00 76400.00 CAD Million May 2026
Exports by Category
Exports by Country
External Debt 4839196.00 4778430.00 CAD Million Mar 2026
Foreign Direct Investment 22000.00 26033.00 CAD Million Mar 2026
Gold Reserves 0.00 0.00 Tonnes Mar 2026
Imports 72860.00 73000.00 CAD Million May 2026
Imports by Category
Imports by Country
Oil Exports 15009.60 15863.30 CAD Million May 2026
Terms of Trade 106.70 106.20 points May 2026
Terrorism Index 1.33 1.87 Points Dec 2025
Tourist Arrivals 1886926.00 1662215.00 Apr 2026
Weapons Sales 312.00 237.00 SIPRI TIV Million Dec 2025


Canada Crude Oil Production
Actual Previous Highest Lowest Dates Unit Frequency
5047.00 5042.00 5232.00 955.00 1973 - 2026 BBL/D/1K Monthly
NSA