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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.
Dec 12, 2023 · The PUB lowered the price of furnace oil across the province by 7.94 cents per litre and lowered the price of stove oil in Newfoundland only by 6.73 cents per litre.
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...
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...
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. Newfoundland and Labrador is home to four offshore...
Jul 9, 2021 · The company announced a $6.8 billion plan in 2018 to develop Bay du Nord but deferred the project last year thanks to COVID and the crash in oil prices. Barnes said he expects the company could make an announcement on Bay du Nord by early 2022.
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Oct 31, 2023 · Newfoundland and Labrador's fall fiscal update shows income and spending are up, oil production is down — and housing starts have plummeted. The numbers in the provincial government's...
