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  2. www.gov.nl.ca › fin › economicsOil Production Up 1.0% in April 2024 - Finance

    Oil Production Up 1.0% in April 2024. According to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), approximately 6.6 million barrels of oil were extracted from offshore Newfoundland and Labrador in April 2024, representing an increase of 1.0% compared to April 2023.

    • Labour Markets

      The labour force in Newfoundland and Labrador increased by...

    • Methodology

      Department of Finance P.O. Box 8700 Main Floor, East Block...

    • Demographic Overview

      Newfoundland and Labrador’s total fertility rate was 1.22...

    • Retail

      The highest gains were in Prince Edward Island (+13.3%), the...

    • Contact Us

      Department of Finance P.O. Box 8700 Main Floor, East Block...

  3. www.ctvnews.ca › business › wildly-swinging-oilHow Newfoundland can gain from shifting gas prices | CTV News

    Feb 21, 2023 · As the COVID-19 pandemic sent oil prices plumeting to historic lows, emails show Newfoundland and Labrador was quietly bracing for two of its offshore oilfields to be abandoned by their...

  4. www.gov.nl.ca › fin › brent-crude-trackingOil Prices – Budget Assumptions vs. Daily Brent Spot Prices

    Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration.

  5. atlantic.ctvnews.ca › n-l-expects-70-millionN.L. expects $70-million windfall from surging oil prices ...

    Mar 15, 2022 · Newfoundland and Labrador's finance minister says her department expects about $70 million more oil revenue than forecast this fiscal year, and some of the cash will be used to help vulnerable...

  6. energynl.ca › 2021 › 07Will Newfoundland offshore oil industry reboot with rising ...

    Jul 9, 2021 · Then there’s price uncertainty because the Organization of the Petroleum Exporting Countries (OPEC) is considering an increase in production. Still, Barnes said even if OPEC decides to increase production, causing a price drop, a price of around $50 to $70 a barrel is still profitable for producers.

  7. atlantic.ctvnews.ca › newfoundland-and-labradorN.L. update shows $479-million surplus | CTV News

    Oct 19, 2022 · Record oil prices are projected to bring in $375 million more in royalties this fiscal year compared to what was budgeted in April.

  8. www.cbc.ca › news › canadaDiesel jumps over 12 cents; Coady watching spikes in oil prices

    Oct 19, 2023 · Furnace oil increased by over 5.4 cents per litre, raising prices to between $1.37 and $1.55 per litre in Newfoundland. Stove oil increased by over 7.2 cents per litre across much of the...