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

   www.cbc.ca › news › canada

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   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...

2. 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.

3. www.ctvnews.ca › business › wildly-swinging-oilHow Newfoundland can gain from shifting gas prices | CTV News

   www.ctvnews.ca › business › wildly-swinging-oil

   Feb 21, 2023 · As the COVID-19 pandemic sent oil prices plummeting to historic lows, emails obtained by The Canadian Press show Newfoundland and Labrador was quietly bracing for two of its offshore...

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

   energynl.ca › 2021 › 07

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   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.

5. 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 · As COVID-19 was spreading, an oil price war between Saudi Arabia and Russia hit Newfoundland and Labrador hard. The price of oil plummeted, creating a crisis for Canada’s easternmost province, which is heavily reliant on oil revenue to pay for services for its population of about 520,000.

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

   www.gov.nl.ca › fin › economics

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   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.

7. People also ask

   What happened to oil prices in Newfoundland & Labrador?

   • 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. The floating production, storage and offloading vessel Terra Nova has been at anchor at Bull Arm since last summer.

   Will Newfoundland offshore oil industry reboot with rising ... - Energy NL

   energynl.ca/2021/07/will-newfoundland-offshore-oil-industry-reboot-with-rising-oil-prices/

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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 does gas cost in Newfoundland?

   • Gasoline was the lone fuel to decrease in price on Thursday, down 3.4 cents per litre. The change puts the price per litre at just under $1.68 on the Avalon Peninsula, between $1.68 and $1.84 across the rest of Newfoundland and between $1.69 and $2.08 per litre in Labrador.

   Diesel jumps over 12 cents; Coady watching spikes in oil prices

   www.cbc.ca/news/canada/newfoundland-labrador/nl-fuel-prices-october-19-23-1.7000724

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   How much does a litre of diesel cost in Newfoundland?

   • The PUB increased the price of diesel by 12.2 cents per litre across much of Newfoundland and Labrador, and by 8.5 cents per litre in Labrador West and Churchill Falls. 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.

   Diesel jumps over 12 cents; Coady watching spikes in oil prices

   www.cbc.ca/news/canada/newfoundland-labrador/nl-fuel-prices-october-19-23-1.7000724

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8. www.scotiabank.com › ca › enNewfoundland and Labrador: 2020–21 Fiscal Update | Post

   www.scotiabank.com › ca › en

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   Jul 27, 2020 · PANDEMIC, GLOBAL OIL PRICE SHOCK EXTEND RECOVERY. SUMMARY. COVID-19 is expected to drive Newfoundland and Labrador’s fiscal year 2020–21 (FY21) deficit to a near-record $2.1 bn (and a record 7.3% of nominal GDP) (chart 1) according to a fiscal update released Friday.