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Aug 21, 2024 · Crude oil exports continued to grow in 2023, reaching a record high of 4 million barrels per (MMb/d), an increase of 3% from 2022. This growth was supported by record high Canadian oil production in 2023. In 2023, crude oil exports amounted to 81% of the country's total crude oil production 1 2.
- CER – Canadian Crude Oil Exports: A 30 Year Review
Exports of crude oil accounted for 9.6% of total export...
- Market Snapshot: Crude Oil Imports Declined in 2022, While ...
Canada imported nearly 26,000 b/d more from the U.S. in 2022...
- CER – Canadian Crude Oil Exports: A 30 Year Review
- Canadian Oil Production
- Crude Oil Export Values
- Canada’s Trade Balance
- Access The Data Used in This Report
- Appendix
In the last 30 years, Canadian crude oil* production grew at a sustained pace, first led by conventional oil*, and for the last 15 years by oil sands*. Canadian crude oil production has grown considerably over the last 30 years, from 1.7 million barrels per day (b/d) in 1990 to 4.7 million b/d in 2019. Conventional types of oil, light and heavy, co...
Crude oil rises to become Canada’s top exported product. Canadian crude oil export values rose significantly over the past 30 years. While export volumes increased steadily over time, volatility in export prices has generally driven the trends observed in the value of these exports. Over the past 30 years, crude has continually been one of the top ...
Strength in exports of crude oil sustains Canada’s trade balance. Canada’s merchandise trade balance, measured as the difference between its exports and imports of goods on a balance of payments basis, is strongly influenced by crude oil exports. In addition to being a closely-watched indicator in its own right, the goods trade balance directly inf...
The data aggregated and created for this report are available as open datasets for download on Open Government.
The crude oil data used in this report come from a number of different sources from both the CER and Statistics Canada. Naturally, there are some differences in each department’s data. For conceptual and analytical purposes, there is alignment in the definition of crude oil used throughout this report. For a thorough comparison of the various data ...
Sep 27, 2023 · According to the Raw materials price index, the price of crude oil and bitumen in 2022 increased by 49.0% from 2021, while the price of natural gas increased by 25.6%. Total production for crude oil rose by 2.3% in 2022, while total natural gas production increased by 7.3%.
Jan 27, 2022 · Each $100 million increase in crude oil and natural gas exports is estimated to support 289 direct and indirect Canadian jobs in 2022; Each $100 million increase in crude oil and natural gas exports is estimated to add $86 million to nominal GDP in 2022;
Aug 16, 2023 · Canada imported nearly 26,000 b/d more from the U.S. in 2022 than in the prior year. Most of the crude oil imported from the U.S. comes from the Gulf Coast, followed by the Midwest regions. 2. In 2022, Canada imported 9,000 b/d more crude oil from Saudi Arabia than the year before.
Nov 20, 2023 · Canada exported 78.9% of its crude oil production and 44.2% of its marketable natural gas. Imports of energy increased 2.5% to 3 789 petajoules. Crude oil (44.7%) accounted for the largest proportion of imports, followed by natural gas (31.5%).
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How have Canadian crude oil exports changed over 30 years?
May 9, 2023 · Like oil production in Alberta, exports of crude oil in volume terms have almost doubled in Canada since 2010. Exports of natural gas (+85.0%) also grew in 2022. Once again, price increases contributed the most to the gain.
