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- After declining the past three years, Canadian crude oil * imports grew in 2023, breaking the downward trend that started during the COVID-19 pandemic. In 2023, crude oil imports increased slightly to 490 thousand barrels per day (Mb/d), 4.8% higher than 2022, and 3.5% higher than 2021.
www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2024/market-snapshot-crude-oil-imports-rose-slightly-2023-first-time-since-2019.htmlMarket Snapshot: Crude oil imports rose slightly in 2023, for ...
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Jun 12, 2024 · Release date: 2024-06-12. After declining the past three years, Canadian crude oil * imports grew in 2023, breaking the downward trend that started during the COVID-19 pandemic. In 2023, crude oil imports increased slightly to 490 thousand barrels per day (Mb/d), 4.8% higher than 2022, and 3.5% higher than 2021.
- Market Snapshot: Crude Oil Imports Declined in 2022, While ...
Market Snapshot: Crude Oil Imports Declined in 2022, While...
- Market Snapshot: Almost all Canadian crude oil exports went ...
Canadian oil production increased from 3.5 million barrels...
- Market Snapshot: Crude Oil Imports Declined in 2022, While ...
Aug 16, 2023 · Market Snapshot: Crude Oil Imports Declined in 2022, While the Share from the U.S. Increased. Release date: 2023-08-16. Canada imported its lowest amount of crude oil * in more than 30 years in 2022, continuing a trend that started in 2020 during the COVID-19 pandemic.
Aug 21, 2024 · Canadian oil production increased from 3.5 million barrels per day in 2013 to 4.9 million barrels per day in 2023, representing a 41% increase over the last decade (CER – Estimated Production of Canadian Crude Oil and Equivalent).
May 9, 2024 · The value of crude oil exports declined 15.5% in 2023 and contributed the most to the annual nominal decrease in exports of energy products. This drop followed significant increases in 2021 (+88.0%) and 2022 (+51.6%).
- Merchandise exports and imports. The appreciation of the Canadian dollar impacts import and export values. A large proportion of import and export transactions are completed in US dollars and must be converted to Canadian dollars to compile monthly trade statistics.
- Contribution to the monthly change in exports, by product, December 2023. Exports of motor vehicles and parts were down 8.2% in December. Exports of passenger cars and light trucks (-11.6%) contributed the most to the decline.
- Exports of passenger cars and light trucks. Exports of energy products fell 3.1% in December. The largest contributor to this decline was crude oil exports (-4.9%), which were also down in November.
- Contribution to the monthly change in imports, by product, December 2023. Imports of consumer goods were up 9.4% in December. This was the strongest monthly increase on record for this product section.
Jul 6, 2023 · Following an increase of 3.6% in April 2023, crude oil exports fell 8.3% and contributed the most to the decline in exports of energy products in May. The drop was mainly the result of lower prices and, to a lesser extent, crude oil export volumes.
After extraordinary growth in the last few years, Canadian merchandise export prices declined 6.9% in 2023, mirroring the trends in global commodity prices. Stripping away price effects, export volumes grew 5.7% in 2023 to finally reach beyond the levels achieved prior to the pandemic.
