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Selected Crude Oil Prices December 2021 (Canadian dollars per cubic metre) ... Brent Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada ...
Nov 1, 2021 · Selected Crude Oil Prices November 2021 (Canadian dollars per cubic metre) ... Cushing Brent Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western ...
- Energy Production
- Energy Transportation and Trade
- Energy Consumption and Greenhouse Gas (GHG) Emissions
- Energy Authorities
Crude Oil
1. Canada produced 5.1 million barrels per day (MMb/d) of crude oil in 2023, an increase of 1.9% from 2022 (Figure 1). Canada was ranked as the fourth largest oil producer in the world in 2023.Footnote 1Since 2013, Canada’s crude oil production has increased by 41%. 2. Canadian oil production mainly comes from western Canada, which accounted for about 96% of total production in 2023. The remainder was produced mostly in Newfoundland and Labrador. 3. Alberta was Canada's largest producer of oi...
Refined Petroleum Products
1. RPPs are a range of products that are refined from crude oil, like gasoline, diesel, heating oil, and jet fuel. RPPs are the second largest type of energy consumed by end users in Canada. 2. Canada has 17 refineries with a total capacity of approximately 1.93 MMb/d as of 2024. Alberta has the largest share of refining capacity (30%), followed by Ontario and Quebec (21% each), New Brunswick (17%), Saskatchewan (8%), British Columbia (B.C.) (4%), and Newfoundland (1%). 3. In 2023, Canadian r...
Natural Gas/Natural Gas Liquids
1. In 2023, Canada was the fifth largest natural gas producer in the world.Footnote 9 Production averaged 17.9 billion cubic feet per day (Bcf/d) in 2023, a 3.6% increase from 17.3 Bcf/d in 2022 (Figure 1). 2. Most of the natural gas produced in Canada comes from Alberta and B.C. These provinces accounted for 98% of Canada’s total production in 2023. Smaller amounts of natural gas were produced in Saskatchewan, Ontario, the Northwest Territories (NWT), and New Brunswick. Nova Scotia stopped p...
Crude Oil and Liquids
1. Canada’s large pipeline system serves both domestic refineries and export markets (Figure 3). The CER regulates all interprovincial and international crude oil pipelines. 2. Total crude oil exports in 2023 were 4.0 MMb/d, 3% higher than 2022. Nearly all these volumes are exported to the U.S. The total value of Canada’s crude oil exports in 2023 was over $130 billion, an 11% decrease from 2022’s record high of $150 billion due to lower crude oil prices.Footnote 30 3. In 2023, Canada exporte...
Natural Gas
1. In 2023, Canada exported an average of 8.1 Bcf/d of natural gas and imported 2.5 Bcf/d. The net export value of natural gas in 2023 was $10.1 billion.Footnote 40 2. Canada has a vast network of natural gas pipelines (Figure 4). Natural gas generally flows from producing areas in the Western Canada Sedimentary Basin (WCSB) to consuming markets in western Canada, central Canada, and the U.S. TC Energy’s Canadian MainlineFootnote 41 is the primary long-haul natural gas pipeline in Canada. It...
Liquefied Natural Gas
1. LNG CanadaFootnote 49 in Kitimat, B.C., and Woodfibre LNGFootnote 50 in Squamish, B.C., are the only proposed LNG export facilities in Canada that have started construction. The first shipments from LNG Canada are expected by the middle of 2025.Footnote 51 2. The Saint John LNG terminalFootnote 52in New Brunswick, formerly known as Canaport, is Canada’s only LNG import terminal since 2009. The Saint John LNG import terminal can deliver up to 1.2 Bcf/d of natural gas to markets in the Marit...
Total Energy Consumption
1. Total end-use energy demand in Canada was 11,059 petajoules (PJ) in 2020. The largest sector for energy demand was industrial at 53% of total demand, followed by transportation at 20%, residential at 14%, and commercial at 13% (Figure 5). 2. In 2020, natural gas was the main energy consumed in Canada, accounting for 4,164 PJ, or 38%, of consumption. Refined petroleum products and electricity accounted for 4,077 PJ (37%) and 1,990 PJ (18%), respectively (Figure 6).
Refined Petroleum Products
1. Total demand in Canada for RPPs in 2020 was 4,077 PJ. The primary products consumed were gasoline and diesel. Other products include heavy fuel oil, asphalt, and lubricants. 2. Per capita consumption of motor gasoline in 2022 was 1,035 litres. Motor gasoline consumption was highest in Saskatchewan at 1,878 litres per capita, and lowest in Nunavut at 565 litres per capita. 3. Per capita consumption of diesel in 2022 was 772 litres. Diesel consumption was highest in the Northwest Territories...
Natural Gas
1. Canada consumed an average of 11.9 Bcf/d of natural gas in 2023. Alberta used the most natural gas at 6.9 Bcf/d, followed by Ontario at 2.8 Bcf/d, and B.C. at 0.6 Bcf/d. 2. Canada’s largest consuming sector for natural gas was the industrial sector, which consumed 9.0 Bcf/d in 2023. The residential and commercial sectors consumed 1.5 Bcf/d and 1.4 Bcf/d, respectively.
Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of October 17, 2024 is 70.39 per barrel. FX_IDC:USDWTI.
Western Canadian Select (WCS) and West Texas Intermediate (WTI) Crude Prices. WCS is among the cheapest crude oils in the world. On average, WCS traded with a discount of US$17.2 relative to the WTI. In November 2018, WCS discount relative to WTI reached a record of US$46/bbl. This significant discount pushed the Alberta provincial government ...
Mar 1, 2021 · Synthetic Crude Oil (SCO): Synthetic crude oil is a light crude oil that is produced by upgrading bitumen. The contract for synthetic crude oil specifies delivery at Edmonton, Alberta. Implied Bitumen Price: The implied bitumen price is derived from the price of Western Canadian Select (WCS), which is assumed to have a blend composition of 30% ...
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Jan 4, 2023 · On March 8, 2022, the combination of Russia’s invasion of Ukraine with low global crude oil inventories lifted the 2022 crude oil price to the highest inflation-adjusted price since 2014. The WTI price followed a similar path as the Brent crude oil price in 2022, averaging $5/b less than the Brent crude oil price, compared with $3/b less in 2021.
