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1. www.cbc.ca › fall-fiscal-update-nl-2022-1N.L. posts unexpected $479M surplus on higher oil revenues ...

   www.cbc.ca › fall-fiscal-update-nl-2022-1

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   Oct 19, 2022 · On the back of higher than expected revenue from oil — and taxes — Newfoundland and Labrador is projecting a 2022 budget surplus of nearly half a billion dollars.

2. 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.

3. 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.

4. atlantic.ctvnews.ca › newfoundland-and-labradorN.L. update shows $479-million surplus | CTV News

   atlantic.ctvnews.ca › newfoundland-and-labrador

   Oct 19, 2022 · The province unveiled its mid-year economic update Wednesday, which projects a $479-million surplus for the 2022-23 fiscal year. The figure marks a sharp contrast from the $351-million deficit...

5. www.nbc.ca › budget › newfoundland-budget-upRevenue surge leads to surplus & lower debt/lighter borrowing

   www.nbc.ca › budget › newfoundland-budget-up

   Newfoundland and Labrador's fiscal and economic update reveals how the province's finances have benefited from better-than-expected economic conditions and higher-than-planned oil prices, as a projected $351 million deficit for 2022-23 has transformed into a $479 million surplus.

6. www.cbc.ca › news › canadaFurnace oil climbs by nearly 20 cents per litre overnight in ...

   www.cbc.ca › news › canada

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   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...

7. People also ask

   Will Newfoundland and Labrador's GDP grow in 2022?

   • The Department of Finance expects Newfoundland and Labrador’s nominal and real GDP to grow by 10.1 and 0.9 per cent, respectively, in 2022. Higher GDP growth relative to what was forecasted at budget is due to higher than expected oil prices and oil production (see Table 1).

   2022 Economic Update - Government of Newfoundland and Labrador

   www.gov.nl.ca/fin/files/2022-Economic-Update.pdf

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   Will Newfoundland & Labrador have a budget surplus in 2022?

   • Finance Minister Siobhan Coady delivered the fall fiscal update on Wednesday. (Patrick Butler/Radio-Canada) On the back of higher than expected revenue from oil — and taxes — Newfoundland and Labrador is projecting a 2022 budget surplus of nearly half a billion dollars.

   N.L. posts unexpected $479M surplus on higher oil revenues, taxes

   www.cbc.ca/news/canada/newfoundland-labrador/fall-fiscal-update-nl-2022-1.6621481

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   How much oil did Newfoundland & Labrador produce in March 2024?

   • Approximately 5.9 million barrels of oil were extracted from offshore Newfoundland and Labrador in March 2024, nearly on par (-0.3%) with the production level of March 2023. The corresponding value of production increased by 7.6%.

   Oil Production Down 0.3% in March 2024 - Finance

   www.gov.nl.ca/fin/economics/eb-oil/

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   Why are furnace oil prices rising in Newfoundland & Labrador?

   • Furnace oil prices increased significantly across Newfoundland and Labrador overnight. In an unscheduled price adjustment by the Public Utilities Board, the cost of home heating oil has risen by nearly 20 cents per litre. In a media release the PUB said the rise in price is "due to recent commodity market developments."

   Furnace oil climbs by nearly 20 cents per litre overnight in

   www.cbc.ca/news/canada/newfoundland-labrador/nl-furnace-oil-increase-jan-12-2023-1.6712433

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8. www.gov.nl.ca › fin › files2022 Economic Update - Government of Newfoundland and Labrador

   www.gov.nl.ca › fin › files

   4.7 per cent in 2022, as higher spending on oil projects will be mitigated by lower mining-related investment and the completion of construction at Muskrat Falls. In terms of residential spending, housing starts have increased notably (44.4 per cent) through the first three quarters of 2022. For the year as a whole, total provincial housing ...