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  1. Canadian Crude Oil Exports: A 30 Year Review. Between 1990 and 2019, the total value of Canada’s merchandise exports has nearly quadrupled, rising from $151.8 billion to $598.2 billion. Over those 30 years, the value of crude oil exports has increased more than fifteen-fold, accounting for 14.1% of Canada’s total exports in 2019.

  2. Source: CER’s Commodity Tracking System: Crude Oil Exports – Summary by Destination (monthly report) Figure Description: This figure shows yearly crude oil exports over a 12-month period from Canada to five U.S. Petroleum Administration for Defense Districts. The data is available in the Excel file at the top of this page.

    • Crude oil price. The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) from January 2019 to February 2021.
    • Production and employment. Chart 2 presents monthly production and employment in the oil and gas extraction industry and in all industries as a whole from January 2019 to April 2021.
    • Crude oil and merchandise exports. The global value chain and, therefore, merchandise exports have been greatly affected by the pandemic because of declining demand.
    • Capital expenditures. Capital expenditures in oil and gas extraction are highly related to crude oil price. Lower oil prices will drive down the profit level of oil and gas extraction and ultimately discourage investment in the industry, and this will affect its production capacity in the long term.
  3. Jun 14, 2021 · The value of crude oil exports has increased more than fifteen-fold since 1990, accounting for 14.1% of Canada's total exports in 2019. Canada's crude oil export volumes increased at an annual average rate of 6.2% over that time. Largely as a result of the COVID-1 9 pandemic, 2020 was a year without precedent. The value of crude oil exports ...

  4. The Canada Energy Regulator (CER) and Statistics Canada have combined expertise to put together a 30-year look back at the evolution of Canadian crude oil exports. This retrospective highlights some of the factors that influenced the trends in Canadian crude oil exports, coupled with other key indicators, including impacts on Canadian balance ...

  5. Dec 16, 2020 · In May 2020 Canadian oil reached a three year low at 3.34 MMb/d, before recovering to 3.62 MMb/d in July. Heavy oil accounted for most of the drop in oil exports. The lockdowns and travel bans enacted to contain the spread of COVID-19 in the first half of 2020 reduced demand for crude oil in Canada, the U.S., and the rest of the world, which, when combined with excess oil supply, caused a ...

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  7. The Canada Energy Regulator (CER) and Statistics Canada have combined expertise to put together a 30-year look back at the evolution of Canadian crude oil exports. This retrospective highlights...