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4 days ago · 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.
Jun 11, 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.
- 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...
- 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.
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.
May 31, 2024 · Upstream oil and gas industry revenue estimate in Canada 2024, by type. Estimated revenue from oil and gas extraction and production (E&P) in Canada in 2024, by type (in billion...
May 24, 2022 · The primary driver of high gas and diesel prices is the price of crude oil, a barrel of which now costs 75 per cent more than it did in May 2021. If you thought gas prices were high, have you...
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Sep 27, 2022 · According to the Raw materials price index, the price of crude oil and bitumen increased by 70.8% from 2020, while the price of natural gas increased by 15.8%. Total production for crude oil rose by 6.2%, while total natural gas production increased by 3.9%.
