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  3. 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.

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

    • An Uncertain Future
    • Future Fund
    • An Improved — But Volatile — Situation

    Coady said the improved situation has resulted in all three of the provincial government's credit agencies moving their outlooks for Newfoundland and Labrador from negative to stable. Oil prices are higher than projected — up from $86 US per barrel to $102 per barrel — and production is up, from 83.1 million barrels to 85.2 million barrels. Total p...

    See full list on cbc.ca

    Coady announced the provincial government will contribute $157 million to a fund it will eventually use to pay down debt. Last week, the provincial government announced details of legislation to create what it's calling a "future fund," where it plans to deposit a portion of oil royalties and revenues from the sale of assets over $5 million. Accord...

    See full list on cbc.ca

    Coady said the province is seeing "solid" signs of economic growth, but she pointed to rumbles of a global economic recession that could signal potential future difficulties. The provincial government previously hinted at the improved outlook when it announced one-time cheques for residents who earn $125,000 or less would be delivered this fall. Co...

    See full list on cbc.ca

  5. 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.

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

    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.

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

    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 ...

  8. www.pub.nl.ca › PP_petroleumproductsBoard of Commissioners of Public Utilities

    117.08. 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.

  9. 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...