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Alberta Oil Output Hits Record High

Crude oil production in Alberta reached a record high in the first half of the year, at 3.6 million bpd, which was 100,000 bpd higher than the average output for the first half of 2021. CBC noted in a report on the news that production from oil sands accounted for some 85 percent of the total output during the period, according to ATB Financial.

Yet the financial services provider noted that while most of the total came from the oil sands, production from conventional resources increased more substantially. Oil sands accounted for 24,000 bpd in…

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