Those producers indeed ramped up their production in March 2026, shortly after the U.S.-Iran conflict caused oil prices to soar in late February. Canadian oil producers collectively produced 151.3 million barrels in March, according to Statistics Canada data, up sharply from 136.2 million barrels the month before. That production tapered off in April 2026, the latest month for which the agency has data, but the federal government expects output to continue to climb.
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