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Crude oil export prices in Canada 2010-2019

Canada's crude oil export prices oscillated over the years, with a general trend of decline. Between 2010 and 2019, figures peaked at 88.51 U.S. dollars per barrel in 2011 and reached a low of 33.26 U.S. dollars per barrel in 2016. In 2019, the average crude oil export price amounted to 48.27 U.S. dollars per barrel.

The country exports most of its petroleum products via pipelines, at some 85 percent of all crude oil exported that year. Other crude oil transport modes to move such products are railroad and marine vessels, at eight and seven percent, respectively.

Average annual crude oil export prices in Canada from 2010 to 2019

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Release date

May 2020

Region

Canada

Survey time period

2010 to 2019

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