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  1. 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.

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

    Current Maximum Petroleum Products Pricing for Base Zone: June 27, 2024. Media Release. Reg Self-Serve. Base Zone. 180.1. Diesel. Base Zone. 182.5.

  3. www.cbc.ca › nl-oil-prices-march-25/2022/1In 2nd surprise price increase of the week, diesel, furnace ...

    Mar 25, 2022 · The northeast Avalon is set at $1.65 per litre, central Newfoundland is $1.69, Corner Brook area is $1.66, Stephenville is $1.69 and the Northern Peninsula is $1.67. Stove heating oil increased by...

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

    Brent crude oil prices increased in May 2024, averaging US$81.75/barrel, up 8.3% from US$75.47/barrel in May 2023. The estimated value of Newfoundland and Labrador’s crude oil output is in Canadian dollars; the average Canada-US exchange rate in April 2024 stood at 73.1 cents/US dollar, compared to 74.2 cents/US dollar in April 2023.

  5. energynl.ca › 2021 › 01What's on the horizon for Newfoundland and Labrador's 2021 ...

    • Thousands of Jobs
    • Crucial Six Months
    • The Refinery

    Charlene Johnson, president of Newfoundland and Labrador Oil and Gas Industries Association (Noia), says she hated seeing thousands of people in the province lose their jobs. “I have heard heartbreaking stories from people who lost a well-paying job and remain unsure of what lies ahead for their family,” she told The Telegram. “Christmas looks very...

    See full list on energynl.ca

    Barnes expects the next six months will say a lot about the short-term future of the sector, including whether Cenovus Energy will try to resume construction on the West White Rose project in 2022. He believes Equinor will make a decision on its Bay du Nord project and anticipates companies with exploration opportunities will decide whether to secu...

    See full list on energynl.ca

    As for the Come By Chance refinery, which remains in warm-idle mode, Parsons understands it’s a hard market in general for oil refineries. He is optimistic and hopeful about the refinery’s future given multiple parties are inquiring about NARL. “Right now, I do think we’re moving towards a positive outcome,” he said. “But it’s not our asset to sell...

    See full list on energynl.ca

  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.

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

    Sep 12, 2022 · The oil sector has paid, on average, $1.3 billion each year to the province since 2004, but that amount has been trending down in recent years, coming in at $532 million in 2020-21. At a time when the world recognizes the need to end the reliance on fossil fuels, Newfoundland and Labrador is planning to double offshore oil production by 2030.