Canadian oil production kept its momentum into 2025, with crude oil and equivalent product output rising for the 16th consecutive year, according to data released by Statistics Canada. In January, Canada produced 150 million barrels (bbl) of crude oil, a 9.4% increase compared to the same month in 2024. Production of equivalent products, which includes natural gas liquids and other petroleum products, also rose nearly 14% year over year to 17.77…
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