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Jul 28, 2021 · Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand.
View our data on crude oil production by region, type, and scenario in our interactive visualization tool, Exploring Canada’s Energy Future. Explore a summary of oil production in our EF2021 Fact Sheets: Oil Sands Production and Conventional, Tight, and Shale Oil Production.
Jul 8, 2020 · The total impact of the decline production and investment in the oil and gas industry on the Canadian economy, including the indirect and induced effects, can be quantified using input-output multipliers derived from supply and use tables.
Mar 23, 2022 · Despite strong upward pressure on oil and commodity prices, planned 2022 capital spending in mining, quarrying and oil and gas extraction remain below levels observed before the pandemic. At $43 billion, mining, oil and gas intentions are up about 20% from 2021 levels, but still 6% below levels in 2019, and over 50% below peak levels reported ...
We estimate crude oil production in Canada will fall by 335 Mb/d in response to lower crude oil prices. We estimate natural gas production will remain relatively stable through 2020 as western Canadian natural gas prices are higher than last year.
Nov 23, 2022 · Investments in Canadian oil and gas are rising from their 2020 lows due to higher prices. But other factors are becoming more important for the industry, such as environmental, social, and governance (ESG 1) considerations and net-zero emissions policies. Investments are linked to global markets and trends.
On this episode, Peter and Jackie review the ARC Energy Research Institute’s recently released outlook for the Canadian oil and gas economy for 2022. See the last page of our weekly ARC Energy Charts publication to review the 2022 estimate of revenue, cash flow and other metrics here.
