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29.3% in the first three quarters of 2019. Prices On a year-over-year basis, the Consumer Price Index (CPI) was 0.9% higher in the first nine 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
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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
Current Maximum Petroleum Products Pricing for Base Zone: June 27, 2024. Media Release. Reg Self-Serve. Base Zone. 180.1. Diesel. Base Zone. 182.5.
The The price of Brent crude oil averaged US$41.96/barrel in 2020, down 34.7% from an average of US$64.30/barrel in 2019. The 2020 Calls for Bids in the eastern Newfoundland region resulted in a successful bid on one parcel of land totalling $27 million. Mineral shipments were valued at $4.4 billion in 2020, an increase of 17.3% over 2019.
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Mar 11, 2020 · Release date: 2020-03-11. 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].
In April, the volatility of crude oil reached the lowest levels since late 2018. However, at the end of May, an EIA report indicating a significant rise of inventory by 4.7 million barrels led to a severe drop in crude oil prices (e.g. the WTI price dropped by as much as 5.2% in a single day).
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Within three months, the price had plunged to $9.12 (USD) and recovered somewhat to stand at $50.22 (USD) at the end of 2020. In those 12 months, oil exploration and production company strategies made a pivot from exploration expansion to managing reduced cash flows.
