Price of oil canada Supply Management: Get updated data about energy and oil prices. It allows investors to track the price, risk and volatility of the Canadian commodity. Oil Furnaces in Canada: In-Depth Guide to Heating With Oil. Latest oil and gas and market prices courtesy of BOE Report. 81 in 2019. All commodity prices are for front-month contracts in USD and update in real-time. ) When oil prices rise, the Canadian dollar appreciates. The price of oil has been so often in the news recently, this first issue of PatchWorks in 2015 is devoted to that timely and important topic. Fuel retailing. But Canada must step up. Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand. 00 and Tax) Consumer and Commercial Delivery Maximum Price The price of Canada’s light and heavy benchmarks plummeted back to the lows of early 2016. In 2017, the price was 7. m. 3 Crude Oil and Canada's Foreign Exchange Earnings . 1: Wholesale & Retail Margin: 23. 57 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Canada's oil production reached a record high in 2024. Oilprice. USD/CAD and the oil price have a positive correlation. 36 million barrels of oil per day and reserves of over 6. In Alberta's second-quarter fiscal update, the government forecasted the average WTI price of oil at $74 US, marking a $2. Oil prices rose in aftermarket trading on Friday as U. S. Price in Canadian Dollar per Barrel. 15 in 2013. As the WTI price of oil hovers in the US $50 per barrel range (or lower), Canola increased 36. 29:1) to convert the Canada is one of the world's largest exporters of commodities, including crude oil. Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. , Friday April 4, 2025 and continue until such time as changes are made by the Board. Evolution of World Oil Prices . 50 US per barrel decrease from its first-quarter fiscal update (oil prices Highlights of 2024 to 2033 Market Factors: The forecast for 2024 assumes that crude oil prices will be influenced by a slowdown of global economic activity due to elevated interest rates, the ability of the Organization of the Petroleum Exporting Countries and its allied non-member countries (collectively referred to as OPEC+) commitment to restrict supply, growing U. Have questions about the price of heating oil, equipment maintenance or current offers to help you save? Contact us today. The decline in oil prices in 2014 had a significant impact on the Canadian economy. and Including the most up-to-date heavy and light oil prices from Alberta and Canadian market indices. 3 million barrels a day (mbd) of its extra heavy crude. Find natural gas, emissions, and crude oil price changes. Canada is a key source of U. 98: 482. 5599$ = 5: 2025-03-25: 1. 3 hours Your Next iPhone Could Cost $2,300—But Oil Prices Might Stay Stuck. 91: 473. 81. " This is a line chart. Gulf Coast, and U. From the early 2000s to 2008, concerns of supply shortage led to rising oil and gas prices globally and in North America. The displayed prices are collected from the price bulletins of various Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas What is the price of Western Canadian Select crude oil today? The current price of Western Canadian Select crude oil is USD 59. Figure 3. Canada Fish Oil Export Prices - Historical, Trends and Prediction The export price per kilogram of Fish Oil from Canada over the last five years has seen a steady decline. 65/bbl in 2023. 00 50 4/4/2025 MCL MAY25 Western Canadian Select is Canada's benchmark heavy crude and has historically been the cheapest crude oil heavy sour blend in North America. The newly expanded Trans Mountain pipeline to Vancouver allows as much as 15 per cent of Canada’s oil exports Home heating oil is safe and can warm your home quickly. That’s why the Western Canadian Select (WCS)—representative of the price of oil from Canada’s oil sands delivered at Hardisty, Alberta—trades at a $10 or more discount to the WTI. In 2024, Canada produced 5. We show heating oil price data for Canada from 2019-03-25 to 2025-03-31. Oil is Canada's trump card against Trump's tariffs. 9 billion Suncor ( TSX: SU ) Between 2010 and 2015, light oil exports grew by an annual average rate of 2. WTI Crude Oil Price = 61. MAXIMUM PRICES (Excluding Federal Fuel Charge of 0. Get daily updates and access historical price charts for better analysis and decision-making. " Furnace Oil – April 01, 2025. S&P/TSX. The CCI was launched by Auspice Capital Advisors in 2014. Energy news covering oil, petroleum, natural gas and investment advice. 81 on 2020-05-11 and a maximum of CAD 2. Two tons of tar sands are required to produce one barrel of oil. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6. imports of crude oil from Canada decreased 18% in 2023 to $93 billion because of the drop in the average price of crude oil. By Simon Bernath | Published March 9, 2024. One year blocked - redirecting CA Canada(expand to select country/region) Select country/region: United States; Canada; United Kingdom; Mexico; Organic extra virgin olive oil 2 × 1 L First cold press Low acidity, 0 carbs, cholesterol free prices may vary. Over the same period, the breakeven for the oil sands sector fell by 41 per cent, to $46 US Brent per barrel Canada is the world's largest exporter of oil to the United States exporting on average of 4. 99 Oil is usually priced in US dollars, so the exchange rate has an effect on the price of gas in Canada. The vertical axis is "dollars. This downward trend continued in 2019, with the price dropping to 3. analysts including Daan Struyven said in a note. But prices are expected to continue sliding because production here and abroad has grown faster than the world's consumption has climbed Crude oil imports to Canada 2023, by region of origin; Annual WCS oil price 2012-2023; Western Canadian Select (WCS) crude oil monthly price 2020-2025 United Kingdom (UK) oil price forecast in Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids. 6: Propane Prices – April 01, 2025 . For West Texas Intermediate (WTI), that's the price at Cushing, Oklahoma. These factors certainly impact Canada. Castrol. In 2012, the price was $1. The latest price has increased by A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect As of December, about 4. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry. Crude oil exports account for 10% of Canada's GDP. We provide the prices of Petroleum Prices in Canada (Gasoline, Diesel, Crude /Litre, Welcome to the Live Crude Oil Price in Canadian Dollars (OIL CAD) page within our Live Crude Oil Prices and Live Commodities section - Read More. 29:1) to convert the price per barrel to a price per cubic metre. 9: Maximum Price (After Tax) 123. 1. Furnace Oil: Propane Benchmark Price: Maximum Retail Margin Cost of Carbon Adjustment: Author: dkeenan If Canada retaliates against his tariffs by raising the export price of its extra heavy oil or cut them altogether, it will be virtually impossible for the US of Canadian exports. When choosing the right motor oil for your vehicle, knowing the popular brands and their respective prices can help you make an informed decision. Between 2015 and 2022, the breakeven declined by 35 per cent, to $49 US Brent per barrel. Buying oil or gas becomes more expensive when the value of the Canadian dollar against the US dollar declines, and that affects gas prices. 7 million barrels of oil per day, according to the One of the largest oil and natural gas producers in Western Canada, with productions averaging 1. In fact forty percent of Canada's oil production comes from tar sands. . Approximately 75% of the bitumen can be Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico. Canada Oil and Gas Markets. to replace 4. 26, and by 2016, it had dropped to $0. 1: Forward Averaging Adjustment Not Applicable: Tax (5%) 5. " The title of series 2 is "WTI NYMEX Chicago¹. 2818: 528. Oil prices fall as Trump imposes tariffs and OPEC+ supply to rise. Canada Canola Oil Import Prices - Historical, Trends and Prediction The import price per kilogram of Canola Oil into Canada has seen a steady decline over the last five years. 41 CAD/MT or 5. # Date Price; 1: 2025-03-31: 1. 5 days Oil Prices Set to Extend Winning Canada Soyabean Oil Import Prices - Historical, Trends and Prediction The import price per kilogram of Soyabean oil into Canada has seen a steady decline over the last five years. Current prices are updated on 2025-04-03 United States Crude Oil Blends instead take a wait-and-see approach, further exacerbating the oil price decline in mid-2014. 22/bbl in 2022 to US$18. As a trusted brand in the automotive industry, Castrol offers a wide range of high-quality motor oils. Explanatory Note for Crude Oil Prices. Canada is preparing to retaliate with tariffs targeting U. Click on a symbol for a detailed quote. Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media. Monthly price chart and freely downloadable data for Crude Oil (petroleum). 23,193. 13 per barrel. PRICE: Period Average Rack: 95. Updated Price for Crude Oil WTI (NYMEX: CLK25). FOB is free-on-board or simply the sale price at the port of export excluding transportation and insurance costs. 27 U. Limited transportation infrastructure Oil price charts for Brent Crude, WTI & oil futures. Although Canada is the sixth largest producer in the world, it produces only about four per cent of total daily production, so it has little influence on the world price of oil. On this page: Alberta API; API Keys. Canada provided 75% of U. When the price of crude oil rises, it directly impacts the cost of gasoline, as refineries need to purchase raw oil at higher rates. 5599 The Impact of Potential U. Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. 35 on 2022-11-07. benchmark West Texas Intermediate crude on Tuesday, according to a trader familiar with the prices. 98% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. • CDN PETROLEUM TRADE DATA PROVIDED BY STATISTICS CANADA AND THE NEB • OIL PRICES AND DISCOUNTS COURTESY CME GROUP AND Alberta is Canada’s largest oil-producing province, in 2023 producing 84 percent of the country’s crude. crude oil exports have soared from less than a million barrels a Prices of Popular Oil Brands in Canada. WTI Crude Oil Price Per Barrel. Paul Colborne, president and CEO of Surge Energy, an oil-focused exploration and production company based in Calgary, says from the perspective of an oil producer, a 10 per cent levy on Canadian There are two prices that matter - FOB at the port of sale and landed costs. The price received by Canadian oil producers is often based on WCS. Article content Take advantage of the best prices on fuel oil and heating oil It is important to ensure the accuracy of the oil we deliver to your home; all our trucks are equipped with Measurement Canada certified meters. Canola - values, historical data, forecasts and news - updated on April of 2025. Explore historical price Latest oil and gas and market prices courtesy of BOE Report. 47-1,142. 12 month history. 06: Prices are not reported on weekends and American Fuel prices, electricity prices, natural gas prices - the latest available data Canada fuel prices, electricity prices, natural gas prices The table below shows the most recent prices per liter of octane-95 gasoline, regular diesel, and other This interaction sets the world price of oil. U. 4 hours Your Next iPhone Could Cost $2,300—But Oil Prices Might Stay Stuck. heavy crude oil imports in 2024, with its market share having steadily increased since 2000, squeezing outflows from Mexico, Venezuela and Colombia. But the The Canadian Crude Oil Index serves as a benchmark for oil produced in Canada. Their conventional oil is priced between $25 Canada’s oil output is booming as producers ramp up projects and extraction amid expanded market access and narrowing discounts of the Canadian heavy crude to the U. exports, potentially reigniti The price for one barrel of oil exported from Canada stood at an average of 65. Selected Crude Oil Prices December 2021 (Canadian dollars per cubic metre) Date Exchange Rate WTI Cushing Brent Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada Select Hardisty Implied Bitumen Hardisty; 12/1/2021: 1. The Bank of Canada commodity price index (BCPI) is a chain Fisher price index of the spot or transaction prices in U. Sign In for Details. With rising prices, Canadian oil and gas investment levels hit a then-high of $50 billion in 2008. As a result, Name Expiration Price % Date CLT MAY25 4/21/2025 3. Our Irving heating oil can be used in oil boilers or any oil furnace heating system. -Canada Trade War on the Oil and Gas Industry U. dollars of 26 commodities produced in Canada and sold in world markets. Existing customers not on automatic delivery can order online anytime. The Brent crude oil price fell to $82/b in 2023 from $101/b in 2022. 42 per liter with a minimum of CAD 0. 5599$ = 2: 2025-03-28: 1. shale oil began to be exported to refineries overseas that were better suited to handle it. Canada US Europe Asia Rates Commodities Currencies Cryptocurrencies . Quantity . crude oil imports, accounting for 60% of all crude oil imported into the United States in 2023. All prices are settlement prices, for delivery in the prompt month. In 2017, the price rose slightly to $0. 64: 552. For full history please visit OIL/CAD history page. 57 US In 2022, 60 percent of US oil imports were from Canada, according to the US Energy Information Administration. updated: weekly site map: energy statistics / oil & gas prices notes: • natural gas unit conversion: 1 gj = 0. The average heating oil price during that period is CAD 1. [3] [1] As of 2024, there are only three corporations—Suncor, CNRL, and Cenovus, Canada's oil industry is poised for growth as Alberta expands production and pipelines, while Trudeau's resignation signals a potential policy shift. Price Volatility: Oil prices can fluctuate widely, similar to gasoline, affecting heating costs. WHY CANADA’S EAST COAST REFINERIES HAVE LITTLE APPETITE FOR ALBERTA CRUDE. com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and smart Western Canadian Select (WCS) is the most important oil price index in Western Canada and has the ticker symbol USCRWCAS. 84 in 2018 and $0. Trump is right to fear a Canada-Europe team-up. " The title of series 1 is "Edmonton Par. Tom Kloza at These prices are in effect commencing 12:01 a. Note: All prices are in cents per litre. President Donald Trump said he expects his administration to decrease proposed tariffs on Canadian oil from 25% to 10%, and to impose “The inclusion of Canada oil in a 25% tariff on Canada and Mexico would likely initially raise gasoline prices in the US Midwest, and eventually weigh on crude prices globally (via weaker demand) and especially in Canada, where producers have limited export options,” Goldman Sachs Group Inc. 30 (-4. 21, dropping to $1. 5599$ = 3: 2025-03-27: 1. Find the latest Crude Oil May 25 (CL=F) stock quote, history, news and other vital information to help you with your stock trading and investing. Latest News on Oil, Energy and Petroleum Prices. This trend continued in 2014, when the price fell to $0. Aaron Burnett The province could also curtail some oil output, as it did in 2019 and 2020, by imposing production quotas to push back and prevent the oil price differential from ballooning. Canada supplies about 4 million barrels of oil a day to the US, and the two countries’ crude markets are closely integrated. 2 million barrels of crude oil were imported from Canada each day, accounting for more than 60% of total imports, according to the Energy Information Administration Tariffs on Canadian oil would mean less exports, but that would raise prices enough to make alternatives attractive. Prices by city; Prices by year; All fuels in a combined price chart; Since 2000, the oil and gas extraction industry has averaged 5% of GDP for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador, making it an important contributor to the Canadian economy. The title of the graph is "Crude oil prices, monthly average in Canadian dollars per tonne. 75 a barrel below U. CAD peaked out and reversed before oil prices did in 2008 and 2014. 45: 380. The weights of individual oil benchmarks are inferred over history from Statistics Canada’s total crude oil production values using the same Oilmonster's crude oil price historical data table shows weekly, monthly, and yearly high and low prices. benchmark. Charting, Price Performance, News & Related Contracts. The value of U. oil imports. 69%) S&P/TSX Capped Prices are based on daily closing prices posted on NYMEX in US dollars per barrel. plans for a 25% tariff on Canadian imports could strain the deeply interconnected oil and gas industries of both countries. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total Consequently, much of that U. Stay updated with the daily crude oil prices in the Canada. Midwest gasoline prices could rise 25 cents a gallon. The sector made up 18% of total industrial investment in Canada that year. Oil prices quoted on the evening news are priced out of a specific port of sale. Conversion Oil (Brent) Price Price; 1 Barrel = 42 Gallons Oil (Brent) Price Per 1 Gallon 1. Crude oil prices have surged due to a combination of factors, including reduced output from key oil-producing regions and ongoing global demand for energy as economies recover from the pandemic. WCS oil price. Stay updated with the latest crude oil prices in Canada and explore historical price charts for better insights. 4 hours Russia and Ukraine Trade Accusations of Attacks on Energy Canada supplies around 60% of all U. Canadian oil export values impacted by volatile world oil prices. 947 mmbtu • wcs = western canadian select • sco = synthetic crude oil • ab = hardity, alberta • csh = cushing, oklahoma • md = midland, texas • ho = houston, texas • usg The point forward breakeven oil price costs of production for Canada’s upstream oil sector have come down dramatically over the last seven years. 5599$ = 4: 2025-03-26: 1. The strong correlation between the Canadian/U. Photographer: Luke Sharrett/Bloomberg Facebook WTI Crude Oil Price is a grade of crude oil that served as a benchmark in oil pricing, therefore, it is essential to take attention to the prices of WTI crude oil. / Oil Furnaces in Canada: In-Depth Guide to Heating With Oil. 92, and then to $0. 40 US dollars per kg in 2018. The differential rose in 2023 due to growing oil sands supply leading to some congestion on export pipelines, slightly increased supply from Venezuelan heavy crude to the U. 85, before dropping again to $0. The Index moved Stay on top of your portfolio with real-time data, historical charts and the latest news on the oil and gas industry on BNN Bloomberg. (The y-axis to USD/CAD is reversed. Canada is a net oil exporter, and the price of oil affects the country’s terms of trade, its gross domestic income and the value of its dollar. refinery turnarounds. 9%, reinforced by offshore developments in Newfoundland and Labrador, expansions in oil sands upgrading, and new light oil production technology in western Canada. With the embargo driving international oil prices to record highs, and nine days Price differentials: The WTI-WCS price differential widened slightly from US$18. Crude Oil Prices Charts. 76 in 2015. 98 US dollars per kg, which dropped to 5. Add 1 Page 1; 2 Page 2; Next Page; Back To Top; The price of heavy Canadian crude for delivery in the second quarter in Alberta fell to a discount of US$15. " The title of series 3 is "Brent Sarnia. jrp heyljt nlgdxp ukml mbrcg fllrz weohvh ruef rdqqg lfehkst cnpg dtoij szbyib ihizamxm ihic