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  2. May 31, 2024 · The oil industry in Canada has direct operations in seven of Canada's thirteen provinces and territories, including offshore. Since the 1990s, oil production has more than doubled in...

  3. Canada Crude Oil: Production was reported at 1,232.263 Barrel/Day th in Dec 2022. This records an increase from the previous number of 1,185.118 Barrel/Day th for Dec 2021.

    Balance Of Payments
    Last
    Frequency
    Range
    3,241.000 May 2024
    monthly
    Jan 2011 - May 2024
    484,262.000 2023
    yearly
    1999 - 2023
    127,461.000 2023
    yearly
    1999 - 2023
    64,456.000 2023
    yearly
    1999 - 2023
    • Crude oil price. The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) from January 2019 to February 2021.
    • Production and employment. Chart 2 presents monthly production and employment in the oil and gas extraction industry and in all industries as a whole from January 2019 to April 2021.
    • Crude oil and merchandise exports. The global value chain and, therefore, merchandise exports have been greatly affected by the pandemic because of declining demand.
    • Capital expenditures. Capital expenditures in oil and gas extraction are highly related to crude oil price. Lower oil prices will drive down the profit level of oil and gas extraction and ultimately discourage investment in the industry, and this will affect its production capacity in the long term.
  4. Canada produces 4,596,724.82 barrels per day of oil (as of 2016) ranking 5th in the world. Canada produces every year an amount equivalent to 1.0% of its total proven reserves (as of 2016).

  5. Mar 9, 2022 · The consolidated energy statistics table (25-10-0079-01) presents monthly data on primary and secondary energy by fuel type in terajoules (crude oil, natural gas, electricity, coal, etc.) and supply and demand characteristics (production, exports, imports, etc.) for Canada.

  6. SPOTLIGHT: OIL AND GAS. GHG emissions from oil and gas production have gone up 25% between 2000 and 2019, largely from increased oil sands production, particularly in situ extraction. During this period, oil sands production emissions more than tripled while conventional oil and natural gas emissions decreased by 14%.

  7. Canada - Crude Oil Reserves (Million barrels) Date Crude Oil Reserves; 2021: 170,300.0: 2020: 169,862.0: 2019: 167,401.3: 2018: 170,540.0

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