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Posted July 16, 2020 Today in Energy

Canada’s oil production drops to its lowest level since 2016 wildfires ›

Canada was the world’s fourth-largest producer of petroleum and other liquids in 2019, but in the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million barrels per day (b/d). Canada’s production of petroleum and other liquids declined as a result of low global crude oil prices, reduced demand for crude oil for refined petroleum products in Canada and the United States, and continued production curtailments imposed by the government of Alberta—the province where more than 80% of Canada’s 2019 crude oil production was located. More

Canada monthly petroleum and other liquids production

Source: EIA, Short-Term Energy Outlook July 2020

Data Highlights

WTI crude oil futures price

7/15/2020: $41.20/barrel

up$0.30 from week earlier
down$16.42 from year earlier

Natural gas futures price

7/15/2020: $1.778/MMBtu

down$0.046 from week earlier
down$0.528 from year earlier

Retail gasoline price

7/13/2020: $2.195/gal

up$0.018 from week earlier
down$0.584 from year earlier

Crude oil inventories

7/10/2020: 540.7 million barrels

up1.4 million barrels from week earlier
up71.1 million barrels from year earlier

Weekly coal production

7/4/2020: 8.568 million tons

down0.483 million tons from week earlier
down1.584 million tons from year earlier