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Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
Aug 16, 2023 · Canada imported its lowest amount of crude oil * in more than 30 years in 2022, continuing a trend that started in 2020 during the COVID-19 pandemic. Crude oil imports decreased 1% to 467,000 barrels per day (b/d) in 2022, down from 473,000 b/d in 2021 and 227,000 b/d less than 2019 before the pandemic. While Canadian refineries’ demand for ...
Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.
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.
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Jul 14, 2022 · On a daily production-demand basis, the global oil market stood roughly in balanced territory as of June 2022 (Chart 2) thanks in large part to growing output in non-OPEC countries. These gains have offset the struggles of OPEC to boost its output.
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Sep 30, 2022 · On a day when the benchmark price for a barrel of oil lost about a dollar, gasoline prices skyrocketed in parts of the country on Thursday, with Thunder Bay seeing average prices jump by as...
