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Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. 2022-23; 2021-22; 2020-21; 2019-20; 2018-19; 2017-18; 2016-17; Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration
The Economy 2018 5 Consumer prices rose by 2.4% as gasoline and fuel oil prices put upward pressure on the overall price level. Employment fell by 3.7% to average 224,100, reflecting lower construction activity on several major projects. The unemployment rate averaged 14.8%, an increase of 1.4 percentage points compared to
forecast real GDP decline for calendar year 2018 to 2.8% (bottom table). Instead of the 2.8% real export rise projected in April, the government now expects a 1% decrease as a two-month labour stoppage resulted in reduced iron ore output (chart). Oil production, lifted in the first full year of operation at the
Newfoundland and Labrador Hydro 2018 Reliability and Resource Adequacy Study. Current Maximum Petroleum Products Pricing for Base Zone: July 4, 2024. Media Release. Reg Self-Serve.
Mar 11, 2020 · Newfoundland and Labrador is the dominant producer of crude oil outside of western Canada, producing approximately 6% of Canada’s total production in 2019. All five of Newfoundland and Labrador’s currently producing projects and recent discoveries are offshore [PDF].
The purpose of this report is to show how the oil and gas industry impacts the Newfoundland and Labrador economy and how potential growth in output in the years ahead could benefit the province. Specifically, the report will address: • The current economic impact of the offshore oil industry on the Newfoundland and Labrador economy, including:
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Crude Oil Prices. The following is a listing of the department’s crude oil reports in PDF format. 2013. 2012. 2011. 2010. 2009. 2008.