Canada’s crude oil production declined to 21.7 million cubic metres (136 million barrels) in February 2026, down from 24.1 million cubic metres (151 million barrels) in January and 24.9 million cubic metres (156 million barrels) in December 2025. Equivalent product production also fell to 2.64 million cubic metres (16.6 million barrels) from 2.97 million cubic metres (18.6 million barrels) the previous month. Imports of crude oil rose to 4.13 million cubic metres (25.9 million barrels) from 3.57 million cubic metres (22.4 million barrels) in January, while exports dropped to 20.1 million cubic metres (126.7 million barrels) from 21.8 million cubic metres (137.1 million barrels). The data, released by Statistics Canada on April 29 2026, reflect a month‑to‑month change in Canada’s oil supply and disposition.
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