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crude oil from Russia, continue to pressure crude prices higher as crude inventories remain tight. In June, Canadian crude prices reached an all-time high, having risen 36.2 cents per litre since the end of 2021. However, retail petroleum prices rose at a faster pace in the second quarter than crude prices
Jul 3, 2024 · Overall, retail gasoline prices ended June the lowest in Winnipeg, Manitoba, at 136.7 cents per litre, and finished the month the most expensive in Whitehorse, Yukon, at 189.9 cents per litre. Diesel June retail diesel prices rose 4.5 cpl to 172.3. Canadian retail diesel prices rose in June upon higher crude oil prices and expanding margins.
- Crude Oil Production Edges Down Amid Extended Maintenance
- Production of Finished Products Declines Despite Increased Demand For Jet Fuel
- Natural Gas Production Continues to Rise
- Electricity Generation and Consumption Down Year Over Year
- Coal Production Rises
- Energy Production and Trade Increase in Second Quarter of 2022
- Contact Information
The production of crude oil and equivalent products edged down 0.7% in June to 22.5 million cubic metres. This was the first year-over-year decline in five months as the oil sands sector underwent an extended spring maintenance period this year. Oil sands extraction fell 3.1% to 14.3 million cubic metres in June. Production of synthetic crude led t...
Production of finished petroleum products dropped 6.2% year over year to 9.0 million cubic metres in June. This was the first year-over-year decline since March 2021 as several refineries continued to undergo maintenance in June. According to the monthly capacity utilization rate, the petroleum and coal products industry was operating at 82.5% capa...
Production of marketable natural gas in Canada rose 8.8% to 606.9 million gigajoules in June as market demand continued to drive production. Total deliveries to the residential, commercial and institutional, and industrial sectors in Canada increased 1.7% year over year in June to 307.7 million gigajoules. The industrial sector, the largest user of...
Electricity generation in Canada decreased 3.3% year over year to 47.3 million megawatt-hours (MWh) in June 2022. The decline was primarily attributable to a 14.7% reduction in electricity generated from combustible fuels, which itself was driven by a 12.2% decrease in Alberta, as well as declines in Ontario (-26.1%) and Saskatchewan (-14.8%). In A...
Total coal production was 3.6 million metric tonnes, up 1.2% compared with June 2021. This marked the first monthly year-over-year increase after seven consecutive monthly decreases, and the highest level of production since October 2021. Coal exports rose 14.0% compared with June 2021 to 2.8 million metric tonnes, which represented 78.9% of total ...
Following a 1.6% year-over-year increase in the first quarter of 2022, primary energy production rose another 5.3% in the second quarter. Higher production of natural gas (+8.0%), production of crude oil (+4.7%) and primary electricity generation (+12.9%) contributed to the gain. Production of secondary energy rose 9.1% compared with the second qua...
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Jul 22, 2022 · July 22, 2022 | 2 minutes. In June, Canadian crude prices reached an all-time high, having risen 36.2 cents per litre since the end of 2021. The Canadian gasoline refining margin reached an all-time high of 51.5 cents per litre in June, 22 cents per litre higher than the end of the last quarter.
Jun 1, 2021 · Date Exchange Rate WTI Cushing Brent Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada Select Hardisty Implied Bitumen Hardisty; 2021-06-01
Jul 28, 2021 · In contrast, capital expenditures in the oil and gas extraction industry are expected to increase by 2%, from $21.7 billion in 2020 to $22.1 billion in 2021. However, a report by the Canadian Association of Petroleum Producers (CAPP 2021) predicts a 14% increase in oil and gas investment in the year 2021.
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Jun 8, 2022 · Although it will happen slowly, at a pace of about 1 million barrels per day, the total planned release is more than 10 times what Canada's oilsands produce on a typical day, so a market flooded ...
