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- While Canadian oil and gas investment followed both oil and natural gas prices up to 2008, it has since followed oil prices more closely. This is because of increased investing in Canadian oil sands, tight oil, and wet gas, 7 all of which follow oil prices.
www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2022/market-snapshot-historical-trends-canadian-oil-gas-investment.htmlMarket Snapshot: Historical Trends in Canadian Oil and Gas ...
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Mar 2, 2023 · CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
Nov 23, 2022 · Canadian oil and gas investments have historically changed along with energy prices. These investments vary by type of resource, such as conventional oil * versus oil sands, * and by region. Investments in Canadian oil and gas are rising from their 2020 lows due to higher prices.
- Crude oil price. The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) from January 2019 to February 2021.
- Production and employment. Chart 2 presents monthly production and employment in the oil and gas extraction industry and in all industries as a whole from January 2019 to April 2021.
- Crude oil and merchandise exports. The global value chain and, therefore, merchandise exports have been greatly affected by the pandemic because of declining demand.
- Capital expenditures. Capital expenditures in oil and gas extraction are highly related to crude oil price. Lower oil prices will drive down the profit level of oil and gas extraction and ultimately discourage investment in the industry, and this will affect its production capacity in the long term.
Dec 14, 2023 · Outlook good for Canadian oil and gas sector, says industry report, but risks remain. Key highlights of the report show that oil prices are expected to remain strong, demand will be...
Sep 11, 2020 · Capital investment in Canada’s oil and gas compared to other sectors. Despite the energy price decline, oil and gas extraction sector capital investment at $33.3 billion or 12.4 per cent of all capital investment in Canada in 2019 was the second largest among all key industries.
Dec 13, 2021 · The impact on the Canadian economy of the broad Canadian oil and gas sector, which includes both the direct and indirect impacts of oil and gas extraction and oil and gas investment, is significant — even with the energy price decrease of 2017.
Investment decisions in oil and gas can be influenced by factors such as price volatility, access to markets, transportation constraints, production limits, and climate policy. These factors have likely influenced the trend in oil and gas investment observed in recent years.
