EconomicCanada·Unpinned23 Oct 2026
Investment risks and the feasibility of new oil refineries in Alberta
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As of 2025, Canada produced 5.35 million barrels of crude oil per day, while its 16 domestic refineries processed approximately 1.6 million barrels daily at 90 percent capacity. Despite record diesel prices prompting public questions regarding increased domestic refining, the Canada Energy Regulator stated that existing facilities produce the majority of…
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