The Financial Post reports in its Friday edition that Alberta's oil production rose to a record 4.32 million barrels a day in July as oil sands companies boosted output from well sites to fill the expanded Trans Mountain pipeline. A Bloomberg dispatch to the Post says output from the oil sands also climbed to a record of 3.67 million barrels a day, Alberta Energy Regulator data released Tuesday show, driven by a jump in production from wells that use steam to loosen and extract bitumen from underground. July's output was the highest in data dating back to 2010. Oil sands producers including Cenovus and Canadian Natural Resources are increasing output after last year's expansion of the Trans Mountain pipeline added almost 600,000 barrels a day of export capacity and supported local crude prices. Alberta's oil sands are the top source of crude from Canada, the world's fourth-largest producer. Total Alberta oil production was up 154,000 barrels a day in the first seven months of the year versus a year earlier, data show. Even with the pipeline surplus, Alberta Premier Danielle Smith has continued to complain that Ottawa is not moving fast enough on a new pipeline from the oil sands across British Columbia to the coast.
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