Industry Lens: Oil and Gas Extraction—August 2026

Industry Lens: Oil and Gas Extraction—August 2026

Industry Economic Analysis
15 min read

Author: Jake Lenarduzzi

$985.00

This report examines the short- and medium-term economic and profitability outlook for Canada’s oil and gas extraction industry.

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Steady Flow Amid Changing Tides

Canada’s oil and gas industry, while remaining a cornerstone of the national economy, is operating within an increasingly volatile and developing backdrop. Adaptability, efficiency, and innovation will be essential to sustaining long-term growth.

With the continuing geopolitical tensions in the Middle East and ongoing trade uncertainty with the United States, what will be the key drivers of the oil outlook over the forecast period? Are prospects for the natural gas market similar, or are factors at play that present opportunities for growth? Where are investment dollars being deployed in this sector, and what are the implications for employment in the industry?

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