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Jan 4, 2023 · The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases. On March 8, 2022, the combination of Russia’s invasion of Ukraine with ...
- Brent
March 4, 2022 Crude oil prices rise above $100 per barrel...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- Brent
- Canadian Crude Oil Production Increases to Meet Domestic and Global Demand
- Higher Production of Refined Petroleum Products Continues
- Natural Gas Production Increases, Inventories Continue to Decline
- Electricity Generation Up Slightly Year Over Year
- Coal Production and Exports Continue to Decline
- Energy Production on The Rise in The First Quarter of 2022
- Contact Information
In March, production of crude oil and equivalent products was up 2.3% to 24.2 million cubic metres. This was the second consecutive monthly year-over-year gain as the global crude oil market faced ongoing uncertainty in reaction to the war in Ukraine. The overall increase was driven by oil sands extraction, up 1.8% in March to 15.7 million cubic me...
In March, production of finished petroleum products rose 7.6% to 9.8 million cubic metres, marking the fifth consecutive monthly year-over-year increase, as demand for refined products continued to rise. Production of finished motor gasoline was up 13.0% to 3.1 million cubic metres. Likewise, production of jet fuel rose 51.7% to 0.4 million cubic m...
Production of marketable natural gas in Canada increased 7.2% year over year in March to 639.0 million gigajoules. This was the highest monthly production level recorded since the beginning of this series in January 2016, and the 12th consecutive month of year-over-year production increases. Alberta accounted for the bulk of natural gas production ...
Electricity generation in Canada edged up 0.1% year over year to 56.7 million megawatt-hours (MWh) in March, following a 1.7% decline in February. Compared with March 2021, total hydroelectricity generation declined 0.2% in March to 35.4 million MWh. However, hydroelectricity continued to be the single largest contributor to Canadian electricity ge...
In March, total coal production was 3.0 million metric tonnes, down 25.9% compared with March 2021, and the fifth consecutive monthly decline. Coal exports also declined compared with March 2021, down 13.1% to 2.5 million tonnes, which represented 85.2% of total monthly production. Coke production declined 17.8% year over year to 147.7 million tonn...
In the first quarter of 2022, several Canadian provinces and territories relaxed or removed COVID-19 restrictions, contributing to an increase in the production and trade of energy products. In addition, the first quarter also saw geopolitical tensions escalate into war as Russia invaded Ukraine in February 2022. These tensions contributed to signi...
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Mar 9, 2022 · Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia’s invasion of Ukraine. WTI crude oil tumbled more than 12% ...
Mar 4, 2022 · United States Oil ETF USO reversed into an uptrend on that same date and as of this Friday afternoon, had soared up more than 68% higher from its Dec. 2 low of $46.16 to reach a high-of-day at $79.46.
Mar 16, 2022 · As a result, we have revised down our forecast for world oil demand by 1.3 mb/d for 2Q22-4Q22, resulting in 950 kb/d slower growth for 2022 on average. Total demand is now projected at 99.7 mb/d in 2022, an increase of 2.1 mb/d from 2021. The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil ...
The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of November 18, 2024 is $69.10 per barrel. Historical Chart. 10 Year Daily Chart.
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Mar 16, 2022 · In our March 2022 Short-Term Energy Outlook (STEO), which was finalized on March 3, we increased our forecast price of international benchmark Brent crude oil to $116 per barrel (b) for the second quarter of 2022. We expect gasoline prices to average about $4.10 per gallon (gal) during the second quarter of 2022 and then decline through the rest of the year.
