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Oil Price Charts. Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison...
This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.
- Energy Production
- Energy Transportation and Trade
- Energy Consumption and Greenhouse Gas (GHG) Emissions
- More Information
Crude Oil
1. Canada produced 4.66 million barrels per day (MMb/d) of crude oil in 2020, a decline of 5% from 2019 (Figure 1). This rankedCanada as the fourth largest oil producer in the world. Since 2010, Canada’s crude oil production has increased 57%. 2. Canadian productionis centered in western Canada, which accounted for about 95% of total production in 2020. The remaining 5% was produced mostly in Newfoundland and Labrador. 3. Alberta, Saskatchewan, and Newfoundland produce 96% of Canada’s oil. Th...
Refined Petroleum Products
1. RPPsare a range of products that are refined from crude oil, such as gasoline, diesel, heating oil, and jet fuel. RPPs are the largest type of energy consumed by end users in Canada. 2. Canada has 17 refinerieswith a total capacity of approximately 2.0 MMb/d, as of 2020. Alberta has the largest share of refining capacity (27%), followed by Ontario (20%), Quebec (19%), New Brunswick (16%), Saskatchewan (8%), Newfoundland and Labrador (7%), and British Columbia (B.C.) (3%). 3. In 2020, Canad...
Natural Gas/Natural Gas Liquids
1. In 2020, Canada was the sixth largest natural gas producer in the world, with production averaging 15.5 billion cubic feet per day (Bcf/d), a 1.6% decline from 2019 (Figure 1). 2. Alberta and B.C. accounted for almost 98% of Canadian production in 2020. Smaller amounts of natural gas are produced in Saskatchewan, New Brunswick, Ontario, and the Northwest Territories (NWT). 3. In 2020, Canada’s production of natural gas liquids(NGLs) was about 812 Mb/d, not including condensate and pentanes...
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 2020 were 3.7 MMb/d, 2% lower than 2019. The total value of Canada’s crude oil exports in 2020 was almost $60 billion. Although export volumes were relatively flat year over year in 2020, the average price receivedfor exported Canadian crude oil decreased 32%. 3. In 2020, Canada exported abou...
Natural Gas
1. In 2020, Canada exportedan average of 6.8 Bcf/d to the U.S. and imported 2.2 Bcf/d. Exports decreased by 7% and imports decreased by 11% between 2019 and 2020. The value of natural gas exports less imports in 2020 was $4.7 billion. 2. Canada has a vast network of natural gas pipelines (Figure 4). Natural gas generally flows from production areas in western Canada to higher demand markets in central Canada and the U.S. TC Energy’s Canadian Mainline is the primary long-haul natural gas pipel...
Liquefied Natural Gas
1. As of May 2021, the CER has approved 43 export licence applications for Canadian LNG projects. LNG export projects have been proposed for both the west and east coasts. Only one of the proposed LNG export facilities has started construction–LNG Canadain Kitimat, B.C. The first shipments from LNG Canada are expected in the mid-2020s. 2. Canada has one LNG import terminal–the Canaport terminal in Saint John, New Brunswick, which started up in 2009. Canaport has a natural gas delivery capacit...
Total Energy Consumption
1. End-use demand in Canada was 12 305 petajoules (PJ) in 2019. The largest sector for energy demand was industrial at 52% of total demand, followed by transportation at 23%, residential at 13%, and commercial at 12% (Figure 5). 2. RPPs were the largest fuel type consumed in Canada in 2019, accounting for 4 953 PJ, or 40% of consumption. Natural gas and electricity accounted for 4 416 PJ (36%) and 2 025 PJ (16%), respectively (Figure 6).
Refined Petroleum Products
1. Total demand in Canada for RPPs in 2019 was 4 953 PJ. The primary products consumed were gasoline and diesel. Other products include heavy fuel oil, asphalt, and lubricants. 2. Canadians are some of the highest consumers of oil and refined products in the world. 3. Per capita consumption of motor gasoline in 2019 was 1 268 litres. Motor gasoline consumption was highest in Saskatchewan at 2 302 litres per capita, and lowest in B.C. at 1 066 litres per capita.Footnote 1 4. Per capita consump...
Natural Gas
1. Canada consumed an average of 11.4 Bcf/d of natural gas in 2020. The largest consumers of natural gas were Alberta at 6.4 Bcf/d, followed by Ontario and B.C. at 2.7 Bcf/d and 0.8 Bcf/d, respectively. 2. Canada’s largest consuming sector for natural gas was the industrial sector, which consumed 8.0 Bcf/d in 2020. The residential and commercial sectors each consumed 1.7 Bcf/d.
Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.
Spot price of Crude Oil is the current price at which Crude Oil can be bought or sold. It is the wholesale price that is quoted if you were a refiner wanting to buy Crude Oil today. The price is quoted per barrel. View Historical Gas Price Charts.
Apr 28, 2023 · Canada Crude Oil Prices. OilMonster offers 3 Crude Oil blends from the Canada. We provide daily updated prices as well as historical charts and prices.
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1 day ago · Today’s Brent crude oil spot price is at $84.81 per barrel, down by 0.47% from the previous trading day. In comparison to one week ago ($ 85.07 per barrel), Brent oil is down 0.31%.
