Search results
Jan 18, 2018 · Booming U.S. shale oil production played a significant role in the oil price plunge from mid-2014 to early 2016. Efficiency gains in the sector lowered break-even prices considerably, making U.S. shale oil the de facto marginal cost producer on the international oil market.
Aug 5, 2021 · The substantial decline in the profitability of Canadian oil and gas companies post-2014 was unsurprisingly accompanied by a collapse of domestic investment in the oil and gas sector.
- 1MB
- 26
The decline in oil prices in 2014 had a significant impact on the Canadian economy. Canada is a net oil exporter, and the price of oil affects the country’s terms of trade, its gross domestic income and the value of its dollar.
- 219KB
- 13
Nov 23, 2022 · Investment in 2020 was down more than two-thirds from 2014’s peak, when WTI prices averaged US$90 per barrel. Also in 2020, Canadian oil and gas investments’ share of total industrial investment dropped to 7%, its lowest in close to three decades. Investments differ by resource type.
Jul 18, 2017 · We examine the degree to which economic fundamentals entering the oil price decline explain the impact on economic growth across oil exporting economies, and derive policy implications as to what factors help to mitigate the negative effects.
- Francesco Grigoli, Alexander Herman, Andrew J Swiston
- 2017
The substantial decline in the profitability of Canadian oil and gas companies post-2014 was unsurprisingly accompanied by a collapse of domestic investment in the oil and gas sector.
People also ask
How did Canadian oil and gas companies perform post-2014?
What happened to Canadian oil & gas investment in 2014?
What happened to Canadian oil & gas investment in 2020?
Does Canadian oil and gas investment follow oil prices?
Dec 17, 2016 · Overall, Canadian Natural Resources shut-in 900 barrels of heavy oil per day, as well as significantly reducing its heavy oil drilling program, resulting in a 17% year-over-year decline...
