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

    Jul 9, 2021 · The trips have not been as frequent since 2020, the result of historically low oil prices due to the pandemic and resulting economic downturn. Last year oil prices dropped to below $20 a barrel. In Newfoundland and Labrador, the West White Rose extension project stalled, shutting down construction on a gravity-based platform at Argentia.

  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.saltwire.com › atlantic-canada › businessWill Newfoundland offshore oil industry reboot ... - SaltWire

    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.

  5. energynl.ca › wp-content › uploadsNewfoundland and Labrador Offshore Oil & Gas Industry ...

    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:

  6. 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.

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

    Oct 19, 2023 · The change puts the price between $2.16 and $2.28 per litre in Newfoundland and between $1.95 and $2.39 per litre in Labrador. Furnace oil increased by over 5.4 cents per litre, raising prices...