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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
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- Crude Oil Production Exceeds pre-pandemic Levels
- Resurgence of Covid-19 Impacts Refinery Activity
- Electricity Generation and Consumption Decline Year Over Year on Lower Demand
- Production of Coal Continues to Decrease Year Over Year
- Energy: Year in Review 2020
- Contact Information
Production of crude oil and equivalent products edged down 0.2% to 24.4 million cubic metres (153.4 million barrels) in December. Following eight consecutive monthly year-over-year production declines, December posted the smallest year-over-year change since March, signalling a possible easing of the effects of the COVID-19 pandemic on the Canadian...
Measures imposed to tackle the resurgence of COVID-19 affected Canadian refinery activities in December. Inputs of crude oil to refineries fell 9.4% year over year to 7.7 million cubic metres—the lowest level in three months. Net production of finished petroleum products fell 10.3% year over year to 9.2 million cubic metres, primarily because of fi...
Following a 5.1% decrease in November, electricity generation fell 1.3% year over year to 61.2 million megawatt-hours (MWh) in December. This decline was primarily driven by nuclear generation, down 14.1% year over year to 7.3 million MWh. Electricity generated from combustible fuels (-4.8% to 11.3 million MWh) was also down, mostly because of lowe...
Coal production was down 14.1% year over year to 3.8 million tonnes in December, while coke production decreased 4.5% to 184.9 thousand tonnes.
The COVID-19 pandemic greatly impacted the Canadian energy sector in 2020, with both production and consumption of energy products decreasing significantly. From March 2020 onward, government- and industry-enforced lockdowns and stay-at-home orders to prevent the spread of the coronavirus directly contributed to sharply lower demand, reduced econom...
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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].
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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.
