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

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

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   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.

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

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   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.

3. www.cbc.ca › nl-oil-prices-march-25/2022/1In 2nd surprise price increase of the week, diesel, furnace ...

   www.cbc.ca › nl-oil-prices-march-25/2022/1

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   Mar 25, 2022 · 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...

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

   www.cbc.ca › news › canada

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   Sep 1, 2022 · Global offshore investment should rise 27 per cent from 2021 levels to $173 billion in 2024, reversing a decade of decline and growing slightly faster than onshore investment, Rystad estimates.

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

   energynl.ca › 2021 › 07

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   Jul 9, 2021 · The trips have not been as frequent since 2020, the result of historically low oil prices due to the pandemic and resulting economic downturn. 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.

6. www.nationalobserver.com › 2022/09/12 › analysisWhy Newfoundland and Labrador is going all-in on offshore oil

   www.nationalobserver.com › 2022/09/12 › analysis

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   Sep 12, 2022 · As COVID-19 was spreading, an oil price war between Saudi Arabia and Russia hit Newfoundland and Labrador hard. The price of oil plummeted, creating a crisis for Canada’s easternmost province, which is heavily reliant on oil revenue to pay for services for its population of about 520,000.

7. 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 is Newfoundland investing so much in offshore oil?

   • To understand why the province is investing so heavily in offshore oil at a time when the world recognizes the need to end the reliance on fossil fuels, it helps to rewind to March 2020. As COVID-19 was spreading, an oil price war between Saudi Arabia and Russia hit Newfoundland and Labrador hard.

   Why Newfoundland and Labrador is going all-in on offshore oil

   www.nationalobserver.com/2022/09/12/analysis/why-newfoundland-and-labrador-going-all-offshore-oil

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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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8. www.pub.nl.ca › PP_petroleumproductsBoard of Commissioners of Public Utilities

   www.pub.nl.ca › PP_petroleumproducts

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   117.08. Excluding Applicable Taxes. Propane. Base Zone. 101.9. Excluding Applicable Taxes. Current Maximum Pricing: Motor Fuel - Heating Fuel. Maximum Pricing All Zones. 2022-23 Petroleum Products Pricing Review.