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Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration.
Mar 11, 2020 · Heavy oil production from this project accounted for 43% of Newfoundland and Labrador’s production in 2019, up from 27% in 2018. Figure 1. Crude oil production trend for offshore Newfoundland and. Labrador from 2010 to the end of 2019. Source and Description.
The purpose of this report is to show how the oil and gas industry impacts the Newfoundland and Labrador economy and how potential growth in output in the years ahead could benefit the province. Specifically, the report will address: • The current economic impact of the offshore oil industry on the Newfoundland and Labrador economy, including:
Crude Oil Prices. The following is a listing of the department’s crude oil reports in PDF format. 2013. 2012. 2011. 2010. 2009.
Excluding Applicable Taxes. Propane. Base Zone. 101.9. Excluding Applicable Taxes. Current Maximum Pricing: Motor Fuel - Heating Fuel. Maximum Pricing All Zones. 2022-23 Petroleum Products Pricing Review. How Maximum.
As a result, the Canadian average fuel price for the three-month period rose by 3.0 cents per litre or 2% as compared to the previous Fuel Report. In a year-to-year perspective, however, the average gasoline price was 22.6% or 25.1 cents higher than that of last summer. Global Crude Oil Demand.
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Does Newfoundland and Labrador's offshore oil and gas industry have economic impact?
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How much money does Newfoundland & Labrador make from offshore oil & gas?
Does Newfoundland & Labrador sell natural gas?
In 2020, Newfoundland and Labrador’s oil production was 282.7 thousand barrels per day (Mb/d), or 5% of Canada’s overall production and 24% of Canada’s light oil production. ( Figure 1 ).
