Canada’s IEA Supply Pledge Faces Oil Sands Production Hurdles

The Canadian government’s promise to boost oil supply by 23.6 million barrels in the coming months faces significant hurdles because of the industry’s seasonal production cuts for maintenance, a scarcity of pipeline space and the looming threat of wildfires.

The International Energy Agency on Thursday confirmed that Canada’s commitment toward a global initiative to supply 400 million additional barrels would come from production increases. The country would be the third-largest contributor to the IEA’s program, with the additional crude equal to about 130,000 extra barrels a day if rolled out over six months.