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View our data on crude oil production by region, type, and scenario in our interactive visualization tool, Exploring Canada’s Energy Future. Explore a summary of oil production in our EF2021 Fact Sheets: Oil Sands Production and Conventional, Tight, and Shale Oil Production.
Oct 13, 2021 · The average retail price of furnace oil in Canada hit $1.33 per litre in early October, compared to 86 cents a litre and $1.14 a litre during the same period in 2020 and 2019, respectively,...
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
- Canada’s Energy Transition. In the Evolving Policies Scenario, combustion of fossil fuels whose emissions are not captured falls 62% from 2021 to 2050, while use of low and non-emitting energy sources increases.
- Low-carbon Electricity. Canadians use more electricity, from increasingly low-carbon sources. Despite total energy use declining, electricity demand grows 47% from 2021 to 2050 in the Evolving Policies Scenario, much of it from new areas such as electric vehicles and hydrogen production.
- Wind and Solar. Wind, solar, and battery storage dominate electric capacity additions in all six net-zero electricity scenarios, making up between 82-85% of added capacity.
- Diverse Electricity Grids. The net-zero electricity scenarios suggest that Canadian power systems will continue to be very distinct across the country, even in a low-carbon future.
Heating Oil increased 0.12 USD/GAL or 4.88% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2024.
Canada’s Energy Futures 2021 Fact Sheet: Overview. The Canada’s Energy Future series explores how possible energy futures might unfold for Canadians over the long term. Canada’s Energy Future 2021: Energy Supply and Demand Projections to 2050 (EF2021) is our latest long-term energy outlook.
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The base forecast for both oil and gas is based on NYMEX futures in US dollars. Crude oil and natural gas forecasts are based on yearly variable factors, weighted to a higher percent for the current data and then reflect a higher percent to prior year historical data for the later years.
