Canada’s crude oil and natural gas exports hit new highs, with more potential ahead

Canada’s natural gas production and exports reached a new high in January, as did crude oil exports, according to new Statistics Canada data.

The test for any government that claims to be pro-energy is whether production and export numbers actually move.

Crude oil production was up 1.4% in January on a year-over-year basis, though down from the record high of 27.8 million cubic metres in December 2025. Exports reached a record high of 21.8 million cubic metres, a 5.8% year-over-year increase. Notably, declining exports to the U.S. (down 1.1% to 19.3 million cubic metres) were more than offset by a 129.2% rise in exports to non-U.S. customers, reaching 2.5 million cubic metres. Production of marketable natural gas rose 6.3% year-over-year in January, the third month in a row that a new record high has been reached. Total natural gas exports were up 11% year-over year to 405.5 million gigajoules, also a new record high.

These numbers are evidence that the declared pro-energy stance of the federal government is producing results. The gap between current output and Canada’s full export potential means the work is not finished.

Spencer Fernando

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