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Increased by 21% or 0.63 MMb/d
- Since 2015, the volume of crude oil exported from Canada has been about 80% of yearly production. 1 From 2015 to 2020, Canada’s crude oil production increased by 16%, or 0.61 million barrels per day (MMb/d), and exports increased by 21% or 0.63 MMb/d. Since 2010, the proportion of exports to production has also increased.
www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2021/market-snapshot-canadas-crude-oil-exports-kept-pace-with-production-over-the-last-decade.htmlMarket Snapshot: Canada’s crude oil exports kept pace with ...
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What happened to Canada's crude oil exports in 2020?
How have Canadian crude oil exports changed over 30 years?
Why is crude oil a top export product in Canada?
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Exports of crude oil accounted for 9.6% of total export values in 2020, down from 14.1% a year earlier, but remained Canada’s top exported product for the year. Meanwhile, the decline in crude oil export values contributed to an increase in Canada’s merchandise trade deficit, which more than doubled to reach $37.5 billion in 2020.
Dec 16, 2020 · After reaching an all-time high of 4.09 million barrels per day (MMb/d) in February 2020, Canadian crude oil exports dropped almost three-quarters of a million barrels per day to 3.34 MMb/d in May 2020; the lowest level in three years.
Oct 14, 2020 · As a result, Canada’s crude oil exports to the U.S. dropped 11% in Q2 2020 compared to Q2 2019. In comparison, crude oil exports to the U.S. from the rest of the world dropped 20% during the same time period.
Nov 7, 2023 · Exports of crude oil and bitumen. Data are on a balance-of-payments basis and are seasonally adjusted. Table 12-10-0121-01.
Jun 14, 2021 · Canada's crude oil export volumes increased at an annual average rate of 6.2% over that time. Largely as a result of the COVID-1 9 pandemic, 2020 was a year without precedent. The value of crude oil exports fell 40.1% compared with 2019.
Jun 16, 2021 · HALIFAX — The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a report from Statistics Canada and the Canada Energy Regulator. The increase means exports of the resource accounted for more than 14 p...
This retrospective highlights some of the factors that influenced the trends in Canadian crude oil exports, coupled with other key indicators, including impacts on Canadian balance of trade, crude oil production, and industry investment.
