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1. • • Prices jumped by 5½ cents a litre across all of Newfoundland and in parts of Labrador, including western Labrador and Churchill Falls. In the rest of Labrador, gas went up 2.6 cents a litre. A driving factor in the spike was an increase in the provincially collected carbon tax, which took effect early Thursday.
     www.cbc.ca/news/canada/newfoundland-labrador/gas-prices-1.6086295

     Record-busting gas prices set in N.L. with latest 5.5-cent hike

2. People also ask

   What happened to oil prices in Newfoundland & Labrador?

   • Last year oil prices dropped to below $20 a barrel. In Newfoundland and Labrador, the West White Rose extension project stalled, shutting down construction on a gravity-based platform at Argentia. The floating production, storage and offloading vessel Terra Nova has been at anchor at Bull Arm since last summer.

   Will Newfoundland offshore oil industry reboot with rising ... - Energy NL

   energynl.ca/2021/07/will-newfoundland-offshore-oil-industry-reboot-with-rising-oil-prices/

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   Why are fuel prices rising again in Newfoundland & Labrador?

   • The costs of some fuels in Newfoundland and Labrador are on the rise again on Friday as the Public Utilities Board changed prices for the third straight day as the global oil market continues to fluctuate.

   In 2nd surprise price increase of the week, diesel, furnace and stove

   www.cbc.ca/news/canada/newfoundland-labrador/nl-oil-prices-march-25-2022-1.6397178

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   How much oil did Newfoundland & Labrador produce in March 2024?

   • Approximately 5.9 million barrels of oil were extracted from offshore Newfoundland and Labrador in March 2024, nearly on par (-0.3%) with the production level of March 2023. The corresponding value of production increased by 7.6%.

   Oil Production Down 0.3% in March 2024 - Finance

   www.gov.nl.ca/fin/economics/eb-oil/

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   How much does heating oil cost in Newfoundland?

   • Home heating oil is up another 11.51 cents per litre, about 25 cents on the week. 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 another 8.15 cents per litre.

   In 2nd surprise price increase of the week, diesel, furnace and stove

   www.cbc.ca/news/canada/newfoundland-labrador/nl-oil-prices-march-25-2022-1.6397178

   See all results for this question

3. www.ctvnews.ca › business › wildly-swinging-oilHow Newfoundland can gain from shifting gas prices | CTV News

   www.ctvnews.ca › business › wildly-swinging-oil

   Feb 21, 2023 · As the COVID-19 pandemic sent oil prices plumeting to historic lows, emails show Newfoundland and Labrador was quietly bracing for two of its offshore oilfields to be abandoned by their...

4. energynl.ca › 2021 › 07Will Newfoundland offshore oil industry reboot with rising ...

   energynl.ca › 2021 › 07

   • Cached

   Jul 9, 2021 · Then there’s price uncertainty because the Organization of the Petroleum Exporting Countries (OPEC) is considering an increase in production. Still, Barnes said even if OPEC decides to increase production, causing a price drop, a price of around $50 to $70 a barrel is still profitable for producers.

5. www.cbc.ca › news › canadaIn 2nd surprise price increase of the week, diesel, furnace ...

   www.cbc.ca › news › canada

   • Cached

   Mar 25, 2022 · Home heating oil is up another 11.51 cents per litre, about 25 cents on the week. The northeast Avalon is set at $1.65 per litre, central Newfoundland is $1.69, Corner Brook area is $1.66 ...

6. www.gov.nl.ca › fin › brent-crude-trackingOil Prices – Budget Assumptions vs. Daily Brent Spot Prices

   www.gov.nl.ca › fin › brent-crude-tracking

   • Cached

   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.

7. www.gov.nl.ca › fin › economicsOil Production Up 1.0% in April 2024 - Finance

   www.gov.nl.ca › fin › economics

   • Cached

   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.

8. www.cbc.ca › news › canadaThis decade's oil boom is moving to offshore N.L. | CBC News

   www.cbc.ca › news › canada

   • Cached

   Sep 1, 2022 · Producing offshore projects average a break-even price of $18.10 per barrel of oil equivalent, compared with $28.20 per barrel for onshore, according to Rystad.

9. atlantic.ctvnews.ca › newfoundland-and-labradorN.L. update shows $479-million surplus | CTV News

   atlantic.ctvnews.ca › newfoundland-and-labrador

   Oct 19, 2022 · Newfoundland and Labrador update shows $479-million surplus, thanks in part to oil. Newfoundland and Labrador Minister of Finance Siobhan Coady presents the 2021 provincial budget in...