Canadian Crude Output ‘Remains Resilient’ To 2050; Fossil Fuel Use To Fall: CER

Canadian crude oil production growth will slow in the next 10 years, peaking at 5.8 million bbls/d in 2032 and declining slowly thereafter to reach 4.8 million bbls/d in 2050 as the country consumes markedly less fossil fuels, the Canada Energy Regulator (CER) says in an energy outlook released this morning.

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