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Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. 2022-23; 2021-22; 2020-21; 2019-20; 2018-19; 2017-18; 2016-17; Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration
Home - Petroleum Products Pricing. 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.
- Thousands of Jobs
- Crucial Six Months
- The Refinery
Charlene Johnson, president of Newfoundland and Labrador Oil and Gas Industries Association (Noia), says she hated seeing thousands of people in the province lose their jobs. “I have heard heartbreaking stories from people who lost a well-paying job and remain unsure of what lies ahead for their family,” she told The Telegram. “Christmas looks very...
Barnes expects the next six months will say a lot about the short-term future of the sector, including whether Cenovus Energy will try to resume construction on the West White Rose project in 2022. He believes Equinor will make a decision on its Bay du Nord project and anticipates companies with exploration opportunities will decide whether to secu...
As for the Come By Chance refinery, which remains in warm-idle mode, Parsons understands it’s a hard market in general for oil refineries. He is optimistic and hopeful about the refinery’s future given multiple parties are inquiring about NARL. “Right now, I do think we’re moving towards a positive outcome,” he said. “But it’s not our asset to sell...
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.
Prices for consumer goods and services in the province increased by 6.4 per cent in the first eight months of the year, compared to the same period last year. The increases in prices for fuel oil (70.3 per cent) and gasoline (34.9 per cent) were the largest, reflecting a 59.6 per cent increase in crude oil prices over the same period.
Oct 19, 2022 · Record oil prices are projected to bring in $375 million more in royalties this fiscal year compared to what was budgeted in April.
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.
