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Petroleum Resources Branch
Copies of this publication may be obtained free of charge from:
Oil and Gas Policy and Regulatory Affairs Division
Petroleum Resources Branch
Natural Resources Canada
580 Booth Street, 17th Floor
Ottawa, Ontario K1A 0E4
Phone: (613) 992-0287
TTY Service: (613) 996-4397 (Teletype for the hearing-impaired)
Fax: (613) 995-1913
© Her Majesty the Queen in Right of Canada 2010
Catalogue No.: M161-1/2009E-PDF
Aussi offert en français sous le titre Pétrole brut, gaz naturel et produits pétroliers canadiens: Revue de 2009 et perspectives jusqu'en 2030
Materials may be reproduced for personal and public non-commercial use, in part or in whole and by any means, without charge or further permission from Natural Resources Canada (NRCan), provided that due diligence is exercised in ensuring the accuracy of the information reproduced; that NRCan is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of NRCan.
The information contained herein is for information purposes only. Although Natural Resources Canada believes the information to be correct and attempts to keep the information current, NRCan does not warrant the accuracy or completeness of any information.
Canadian Crude Oil, Natural Gas and Petroleum Products: Review of 2009 & Outlook to 2030 is an annual working paper prepared by the Oil and Gas Policy and Regulatory Affairs Division (Oil and Gas Division) of Natural Resources Canada (NRCan). It provides summaries of crude oil, natural gas and petroleum product industry trends in Canada and the United States (US).
The objective of this report is to provide an understanding of the current state of North American oil, natural gas and petroleum product markets in a format that can be quickly and easily read.
Preparing this review and outlook helps the division better inform policy development. It is also a valuable tool for soliciting stakeholder feedback on our division’s perceptions of rapidly evolving energy markets.
Structure of the Report
The report is divided into four sections:
- Executive Summary;
- Review of 2009 (reviews the calendar year 2008 as well as 2009 and, where data is available, year-to-date 2010, to provide an overview of recent oil, natural gas and petroleum product market dynamics); and,
- Outlook to 2030 (provides a long-term view of oil and natural gas market fundamentals).
Timing of This Report
This is the first time we have analyzed crude oil, natural gas and petroleum products in a single report. This was partly done because the former Oil Division and Natural Gas Division were reorganized in May 2009 to form the new Oil and Gas Division. However, this integrated structure also allows a better understanding of the differences between the three markets, and how the three markets influence one another.
Various sources were used in preparing this report, including private consultants, industry associations, and federal government agencies in Canada and the US. Our main sources of statistical data were the National Energy Board (NEB), the US Energy Information Administration (EIA), and Statistics Canada.
While every effort is made to provide the most recent data, many sources are continually revising their data. As a result, data for recent years may differ slightly from what was reported in our previous report.
Oil and Gas Division Background
Oil and Gas Policy and Regulatory Affairs Division is part of the Petroleum Resources Branch, Energy Sector.
The Oil and Gas Division provides expert technical, regulatory, policy and economic information and advice on crude oil, natural gas and petroleum product markets, pipelines, and regulatory issues to the Minister of NRCan and the federal government.
In addition, the Oil and Gas Division advises the Minister of NRCan on matters related to statutory obligations under the NEB Act and Transportation Safety Board Act. The Division also includes the Pipeline Arbitration Secretariat.
Energy Sector Website
This report is available online at our website: /energy/home.
Other reports are also available at this website, including the bi-weekly Fuel Focus report, monthly Canadian Natural Gas: Monthly Market Update, and the Review of Issues Affecting the Price of Crude Oil.
We appreciate your comments, suggestions, and questions. Questions and comments can be directed to Dan Cowan at: (613) 996-5411 or DanielJ.Cowan@NRCan-RNCan.gc.ca.
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