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Brent Crude $CAD Prices Budget 2019 Assumption versus Daily Spot Prices and Year-To-Date (YTD) Averages Fiscal Year 2019-20 0.00 20.00 40.00 60.00 80.00
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.
months of 2019 (see chart). Lower prices for fuel oil (down 3.8%) and gasoline (down 6.1%) moderated the overall increase in the CPI. Both fuel oil and gasoline have been impacted by a decline in crude oil prices. Electricity prices were 4.2% higher on average in the January to September period as the Newfoundland and
Mar 9, 2021 · Crude oil prices reached historic lows in 2020, because of a combination of geopolitical issues and the collapse of demand during the pandemic. The monthly average crude oil and crude bitumen price index was one-third (-3 3.7%) lower in 2020 compared with 2019.
Newfoundland and Labrador’s GHG emissions from the oil and gas sector in 2020 were 2.1 MT CO 2 e. Of this total, 1.8 MT were attributable to offshore oil production and 0.3 MT were attributable to petroleum refining.
Mar 11, 2020 · Newfoundland and Labrador is the dominant producer of crude oil outside of western Canada, producing approximately 6% of Canada’s total production in 2019. All five of Newfoundland and Labrador’s currently producing projects and recent discoveries are offshore [PDF].
Jul 27, 2020 · PANDEMIC, GLOBAL OIL PRICE SHOCK EXTEND RECOVERY. SUMMARY. COVID-19 is expected to drive Newfoundland and Labrador’s fiscal year 2020–21 (FY21) deficit to a near-record $2.1 bn (and a record 7.3% of nominal GDP) (chart 1) according to a fiscal update released Friday.
