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Mar 13, 2024 · The oil prices were at their highest level since 2015 in 2021 and the Canadian oil and gas industry was able to recover losses incurred during the pandemic. The total gross revenue in 2021 was $174 billion, which was an 85.7% increase from the previous year when the revenue was $93.7 billion. Oil Industry Assets.
- There were over 174,300 people working in the Canadian oil and gas industry in March 2023. The majority of the oil and gas industry jobs are in Alb...
- Much of Canada’s oil production is centered in the western parts of the country. Alberta is the biggest oil producer in Canada and produces 82.4% o...
- How much you can earn varies hugely depending on the job title. At the lower end of the payscale are jobs just as driller offsider with an average...
- There are some women working in the oil and gas industry in Canada, but they only represent one-fifth of the total workforce. Many of the roles hel...
- Canada has some of the largest reserves of oil and gas in the world and the country will continue to produce both in the future and the industry is...
Nov 23, 2022 · By 2020, with annual average WTI 4 prices at US$40 per barrel, Canadian oil and gas investment fell to $24 billion, a level not seen since 2002. Investment in 2020 was down more than two-thirds from 2014’s peak, when WTI prices averaged US$90 per barrel.
- 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.
May 21, 2024 · Date modified: 2024-05-31. Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.
Sep 7, 2021 · Meanwhile, prices of energy products, including crude oil, refined petroleum products and natural gas continued to rise. Following a 0.9% year-over-year decline in the first quarter, primary energy production rose 6.3% year over year in the second quarter on higher production of crude oil (+11.1%), natural gas liquids (+8.4%) and natural gas ...
May 20, 2022 · Peter Armstrong · CBC News · Posted: May 20, 2022 1:00 AM PDT | Last Updated: May 20, 2022. Gas prices well over $2 per litre in Carleton Place, Ont., on Tuesday. Normally, this cost for Canadian...
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Sep 30, 2022 · Prices in oil-rich Alberta are always lower than they are in the rest of the country, but pump prices in the province's two biggest cities jumped from below $1.50 a litre on Thursday to more than...
