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- Less than a third of Canadian crude oil is processed by Canadian refineries, according to the regulator, and roughly 40 per cent of the country's refinery needs were met by imports last year.
www.cbc.ca/news/business/canada-oil-imports-1.5985448Canada imported less oil in 2020, but U.S. grew its slice of ...
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Apr 14, 2021 · Overall, Canada imported less crude oil in 2020 than 2019 largely due to the impacts of the COVID-19 pandemic in reducing refinery demand. The cost of the total oil imported also declined substantially, as not only were import volumes lower, but global prices dropped early in the pandemic.
- Average daily production of crude oil. The continued recovery in oil demand, combined with ongoing efforts by the Organization of the Petroleum Exporting Countries to limit oil production, contributed to the increase in crude oil and energy product prices in December.
- Finished petroleum products supplied to Canadian consumers. Despite the decline in volumes supplied, dollar sales of petroleum and coal products (including refinery activity) were up 4.7% from November to December, primarily because of strong prices.
- Monthly marketable production, deliveries to Canadian industrial consumers and exports of natural gas, year-over-year change. Following nine months of decreases, exports of natural gas by pipeline to the United States increased 5.8% to 285.6 million gigajoules in December.
- Electricity generation. Electricity consumption decreased for the sixth consecutive month, down 2.1% year over year to 56.0 million MWh in December.
- 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.
Find statistics on crude oil refinery runs, crude by rail, estimated production and more. We also publish commodity-specific market and resource assessments. The Canada Energy Regulator regulates the export of crude oil and petroleum products from Canada.
Apr 14, 2021 · Less than a third of Canadian crude oil is processed by Canadian refineries, according to the regulator, and roughly 40 per cent of the country's refinery needs were met by imports last...
Mar 30, 2022 · Canadian crude oil * imports decreased by nearly 20% in 2021, from 579 000 barrels per day (b/d) in 2020 to 473 000 b/d in 2021. 1 This is the lowest amount of crude oil imported since 1988.
Between 1988 and 2020, Canada’s foreign crude oil imports in nominal dollars ranged from nil in Prince Edward Island and $200 million in British Columbia to $228 billion in Quebec where import values were the highest (see Figure 2a).
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related to: How much crude oil did Canadian refineries use in 2020?Global Market Access & Loads Of Natural Resources Makes Canada The Perfect For Investing. From Oil To Lumber, Canada is Abundant In Natural Resources. Learn More & Invest Today