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  1. 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. 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.

  3. Excluding Applicable Taxes. Propane. Base Zone. 101.9. Excluding Applicable Taxes. Current Maximum Pricing: Motor Fuel - Heating Fuel. Maximum Pricing All Zones. 2022-23 Petroleum Products Pricing Review. How Maximum.

  4. Mar 11, 2020 · Production has steadily increased since then, reaching 309 112 b/d in December 2019, of which 188 128 b/d was light oil, and 120 984 was heavy oil. Several project expansions, and large discoveries of crude oil have been recently announced in various areas offshore on Newfoundland and Labrador.

  5. Crude Oil Prices. The following is a listing of the department’s crude oil reports in PDF format. 2013.

  6. 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...

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  8. Jan 14, 2023 · Customers on the Avalon Peninsula are now paying between $1.68 and $1.72 per litre. On the Burin Peninsula and in central Newfoundland prices hit $1.72. In the Springdale area prices are now...