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Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Oil prices have fallen — so why is the price of gasoline...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives these...
Mar 7, 2024 · Barring any unforeseen circumstances, Canada could be the largest source of increased oil supply across the globe in 2024. Canada should be able to capitalize on higher prices paid for our oil as well as the forthcoming ability to get Western oil reaching international markets.
- 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.
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Sep 27, 2023 · According to the Raw materials price index, the price of crude oil and bitumen in 2022 increased by 49.0% from 2021, while the price of natural gas increased by 25.6%. Total production for crude oil rose by 2.3% in 2022, while total natural gas production increased by 7.3%.
Apr 21, 2021 · Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territory. By Phil Heidenreich Global News. Posted April 21, 2021 12:25 am. 6 min read. 1:40 How...
