Search results
Demand Forecast 2021-2022. Canadian Oil Sands Production Exceeds Pre-Pandemic Levels. Canadian oil sands production has fully recovered from last year’s "COVID-19 Shock"—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic levels.
Strong global oil demand growth is here to stay in 2022. See evidence of continued long-term oil demand over the next several years and learn more about why Canada's sustainable sector should be a go-to supplier of choice!
Nov 23, 2022 · Following a trend of higher prices, Statistics Canada’s latest Annual Capital Expenditures Survey data indicates that Canadian oil and gas investment levels in 2022 are likely to be one-third higher than the 2020 lows.
- End-use energy intensity trends by end-use subsector, Global Net-zero scenario. Description: This line chart shows energy intensity trends by end-use subsector in the Global Net-zero scenario from 2021 to 2050 (indexed to 100).
- Kaya identity, or trends in key drivers of GHG emission levels, Global Net-zero scenario. Description: This line chart shows trends in the main drivers of greenhouse gas (GHG emissions), or Kaya identity in the Global Net-zero scenario.
- 2050 GHG emissions, Global Net-zero scenario. Description: Net zero GHG emissions by 2050 means that any remaining emissions across the economy are offset by an equal number of removals.
- Bioenergy demand by type and end-use sector, Global Net-zero scenario. Description: This stacked bar chart shows bioenergy demand in Canada’s four end-use sectors for the Global Net-zero scenario.
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Feb 16, 2023 · One by one, oil companies in Canada and around the world are releasing their latest financial results, which show 2022 was the most profitable year in the history of the oilpatch.
People also ask
Is strong global oil demand here to stay in 2022?
Will oil demand grow in 2022?
Will world oil demand increase in 4q22?
Is global oil demand expected to increase by 2026?
Oct 8, 2020 · Canada is projected to remain the second-largest tight oil producer behind the U.S., with supply growing to peak output around 0.6 million bpd, OPEC said. The growth will be slower than previously expected due to ongoing pipeline constraints. Story continues below.
