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4 days ago · 2024-06-26. Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.
Jun 11, 2024 · The Canadian oil and gas extraction companies’ total assets were $452.9 billion in 2021. This was a 2.6% increase from 2020. Total capital assets were also up by 1.2% to $380 billion in 2021. As the net income increased, the shareholder’s equity rose by 4.4%. in 2020.
- There were over 174,300 people working in the Canadian oil and gas industry in March 2023. The majority of the oil and gas industry jobs are in Alb...
- Much of Canada’s oil production is centered in the western parts of the country. Alberta is the biggest oil producer in Canada and produces 82.4% o...
- How much you can earn varies hugely depending on the job title. At the lower end of the payscale are jobs just as driller offsider with an average...
- There are some women working in the oil and gas industry in Canada, but they only represent one-fifth of the total workforce. Many of the roles hel...
- Canada has some of the largest reserves of oil and gas in the world and the country will continue to produce both in the future and the industry is...
- 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.
Nov 23, 2022 · From the early 2000s to 2008, concerns of supply shortage led to rising oil and gas prices globally and in North America. With rising prices, Canadian oil and gas investment levels hit a then-high of $50 billion in 2008. The sector made up 18% of total industrial investment in Canada that year. i By 2009, the economic slowdown caused by the ...
May 31, 2024 · The oil sands extraction industry ‘s GDP stands at nearly 40 billion Canadian dollars, which is equal to approximately 1.7 percent of Canada’s total economic contributions. Together with ...
Sep 27, 2022 · In 2021, oil prices reached their highest level since 2015. As a result, the industry looked to recover the losses that were incurred during the COVID-1 9 pandemic. Total gross revenue in the oil and gas extraction industry increased 85.7% to $174.0 billion in 2021 from $93.7 billion in 2020.
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May 24, 2022 · In the last year, gas prices have jumped by more than 50 per cent, pushing the cost of a litre to more than $2 in many parts of the country. At the same time, inflation — which is sitting at 6.8 ...
