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

   www.gov.nl.ca › fin › brent-crude-tracking

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   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.

2. www.pub.nl.ca › PP_petroleumproductsBoard of Commissioners of Public Utilities

   www.pub.nl.ca › PP_petroleumproducts

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   117.08. Excluding Applicable Taxes. Propane. Base Zone. 101.9. Excluding Applicable Taxes. Current Maximum Pricing: Motor Fuel - Heating Fuel. Maximum Pricing All Zones. 2022-23 Petroleum Products Pricing Review.

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4. www.nationalobserver.com › 2022/09/12 › analysisWhy Newfoundland and Labrador is going all-in on offshore oil

   www.nationalobserver.com › 2022/09/12 › analysis

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   Sep 12, 2022 · A map of all oil exploration, production and significant discovery licences off the coast of Newfoundland and Labrador, along with areas open for bidding on offshore oil projects. Learn more about this map — and the province's offshore oil plans — here .

5. www.gov.nl.ca › budget › 2021The Economy - Government of Newfoundland and Labrador

   www.gov.nl.ca › budget › 2021

   The The price of Brent crude oil averaged US$41.96/barrel in 2020, down 34.7% from an average of US$64.30/barrel in 2019. The 2020 Calls for Bids in the eastern Newfoundland region resulted in a successful bid on one parcel of land totalling $27 million. Mineral shipments were valued at $4.4 billion in 2020, an increase of 17.3% over 2019.

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6. www3.eia.gov › energyexplained › oil-and-petroleumOil prices and outlook - U.S. Energy Information ...

   www3.eia.gov › energyexplained › oil-and-petroleum

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   Aug 16, 2023 · Rising prices indicate that additional supply is needed, and falling prices indicate there is too much supply for current demand. Futures markets also provide information about the physical supply and demand balance as well as the market's expectations. The outlook for crude oil prices is uncertain

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

   energynl.ca › 2021 › 07

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   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.

8. People also ask

   How much does oil cost in Newfoundland & Labrador?

   • The price of Brent crude oil, a benchmark for Newfoundland and Labrador oil, averaged US$41.96/barrel in 2020, down 34.7% from an average of US$64.30/barrel in 2019 (see chart). As of May 7, 2021, Brent prices stood at US$68.73/barrel.

   The Economy - Government of Newfoundland and Labrador

   www.gov.nl.ca/budget/2021/wp-content/uploads/sites/5/Economy-2021.pdf

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   What happened to oil production in Newfoundland & Labrador?

   • The estimated value of total production fell by 29.4% to $5.8 billion. The price of Brent crude oil, a benchmark for Newfoundland and Labrador oil, averaged US$41.96/barrel in 2020, down 34.7% from an average of US$64.30/barrel in 2019 (see chart).

   The Economy - Government of Newfoundland and Labrador

   www.gov.nl.ca/budget/2021/wp-content/uploads/sites/5/Economy-2021.pdf

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   Why is Newfoundland investing so much in offshore oil?

   • To understand why the province is investing so heavily in offshore oil at a time when the world recognizes the need to end the reliance on fossil fuels, it helps to rewind to March 2020. As COVID-19 was spreading, an oil price war between Saudi Arabia and Russia hit Newfoundland and Labrador hard.

   Why Newfoundland and Labrador is going all-in on offshore oil

   www.nationalobserver.com/2022/09/12/analysis/why-newfoundland-and-labrador-going-all-offshore-oil

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   How much did crude oil cost in 2020?

   • The price of Brent crude oil averaged US$41.96/barrel in 2020, down 34.7% from an average of US$64.30/barrel in 2019. ► The 2020 Calls for Bids in the eastern Newfoundland region resulted in a successful bid on one parcel of land totalling $27 million.

   The Economy - Government of Newfoundland and Labrador

   www.gov.nl.ca/budget/2021/wp-content/uploads/sites/5/Economy-2021.pdf

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9. www.pub.nl.ca › PP_petroleumproductsListBoard of Commissioners of Public Utilities

   www.pub.nl.ca › PP_petroleumproductsList

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   Detailed breakdown of maximum prices for all zones. Zone 1 Zone 1a Zone 1ANE Zone 1ANW Zone 1AS Zone 2 Zone 3 Zone 3a Zone 3b Zone 3c