The industry group representing Canada's oil and natural gas producers predicted in its annual growth forecast that output will grow by 28% to 4.9 million barrels per day (bpd) by 2030.
This was lower than their previous forecast of 5.3 million bpd by 2030 made a year ago. The lowered expectation comes amid a two-year rout in global oil prices that has hammered Canadian oil companies which have slashed billions in capital spending.
Capp
