Canadian Crude Index
Canadian Crude Index Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $59 | 435 | 442 | 1.41 |
| 2023-02-17 | $59 | 435 | 442 | 1.41 |
| 2023-02-16 | $62 | 455 | 462 | 1.48 |
| 2023-02-15 | $63 | 459 | 467 | 1.49 |
| 2023-02-14 | $61 | 451 | 458 | 1.46 |
| 2023-02-13 | $63 | 458 | 466 | 1.49 |
| 2023-02-13 | $63 | 458 | 466 | 1.49 |
| 2023-02-10 | $62 | 456 | 464 | 1.48 |
| 2023-02-09 | $60 | 439 | 447 | 1.43 |
| 2023-02-08 | $60 | 440 | 447 | 1.43 |
| 2023-02-07 | $58 | 425 | 432 | 1.38 |
| 2023-02-06 | $54 | 399 | 406 | 1.3 |
| 2023-02-03 | $52 | 383 | 389 | 1.24 |
| 2023-02-02 | $54 | 398 | 405 | 1.29 |
| 2023-02-01 | $55 | 403 | 410 | 1.31 |
| 2023-01-31 | $57 | 419 | 426 | 1.36 |
| 2023-01-31 | $57 | 419 | 426 | 1.36 |
| 2023-01-30 | $56 | 408 | 414 | 1.32 |
| 2023-01-27 | $57 | 421 | 428 | 1.37 |
| 2023-01-26 | $58 | 428 | 435 | 1.39 |
| 2023-01-25 | $58 | 422 | 429 | 1.37 |
| 2023-01-24 | $58 | 424 | 431 | 1.38 |
| 2023-01-23 | $60 | 437 | 444 | 1.42 |
| 2023-01-20 | $59 | 433 | 440 | 1.41 |
| 2023-01-19 | $58 | 422 | 429 | 1.37 |
| 2023-01-18 | $57 | 420 | 427 | 1.37 |
| 2023-01-17 | $58 | 425 | 432 | 1.38 |
| 2023-01-13 | $58 | 424 | 431 | 1.38 |
| 2023-01-12 | $56 | 407 | 414 | 1.32 |
| 2023-01-11 | $54 | 399 | 405 | 1.29 |
Canadian Crude Index Historical price
- In 2017 maximum price $37 per bbl (2017-12-29)
- In 2018 maximum price $28 per bbl (2018-12-31)
- In 2019 maximum price $40 per bbl (2019-12-31)
- In 2020 maximum price $33 per bbl (2020-12-31)
- In 2021 maximum price $62 per bbl (2021-12-31)
- In 2022 maximum price $55 per bbl (2022-12-30)
- In 2023 maximum price $59 per bbl (2023-02-17)
Canadian Crude Index: Understanding the Importance of Crude Oil in Canada
Crude oil is a valuable and crucial resource for Canada, playing a significant role in the country's economy and energy sector. The Canadian Crude Index (CCI) provides valuable insights into the price and supply of crude oil in Canada, helping industry stakeholders make informed decisions. In this article, we'll dive into the Canadian Crude Index, its importance, and how it affects the Canadian economy.
What is the Canadian Crude Index?
The Canadian Crude Index is a benchmark used to determine the price of crude oil in Canada. It provides a comprehensive overview of the price and supply of crude oil in the country and is used by industry stakeholders to make informed decisions. The CCI is calculated based on the weighted average of crude oil prices in different regions of Canada and takes into account the different qualities and grades of crude oil produced in the country.
Why is the Canadian Crude Index Important?
The Canadian Crude Index plays a critical role in the Canadian energy sector, providing a benchmark for the price of crude oil in the country. It helps industry stakeholders, such as oil producers, refiners, and traders, make informed decisions about the supply and demand of crude oil. The CCI also provides valuable insights into the Canadian energy market, helping companies make strategic decisions about investments and operations.
In addition to its importance for the energy sector, the Canadian Crude Index also has a significant impact on the Canadian economy. The price of crude oil is closely tied to the overall economic health of the country, and changes in the CCI can have a significant impact on the Canadian economy. For example, a decrease in the price of crude oil can lead to lower revenues for oil producers, which can impact the overall economy.
How Does the Canadian Crude Index Affect the Canadian Economy?
The Canadian Crude Index has a direct impact on the Canadian economy, as the price of crude oil is a significant contributor to the country's overall economic health. When the CCI increases, it can lead to higher revenues for oil producers, which can stimulate economic growth. On the other hand, a decrease in the CCI can lead to lower revenues for oil producers, which can negatively impact the overall economy.
The Canadian Crude Index also affects the value of the Canadian dollar, as changes in the price of crude oil can impact the value of the currency. When the CCI increases, it can strengthen the Canadian dollar, making exports more expensive and imports cheaper. Conversely, a decrease in the CCI can weaken the Canadian dollar, making exports cheaper and imports more expensive.
Conclusion
The Canadian Crude Index is a valuable benchmark for the price of crude oil in Canada, providing valuable insights into the supply and demand of crude oil in the country. It plays a critical role in the Canadian energy sector and has a significant impact on the Canadian economy. By understanding the Canadian Crude Index and its importance, industry stakeholders and individuals can make informed decisions about the energy sector and the overall economic health of the country.
Canadian Crude Index: Understanding the Importance of Crude Oil in Canada
Crude oil is a valuable and crucial resource for Canada, playing a significant role in the country's economy and energy sector. The Canadian Crude Index (CCI) provides valuable insights into the price and supply of crude oil in Canada, helping industry stakeholders make informed decisions. In this article, we'll dive into the Canadian Crude Index, its importance, and how it affects the Canadian economy.
What is the Canadian Crude Index?
The Canadian Crude Index is a benchmark used to determine the price of crude oil in Canada. It provides a comprehensive overview of the price and supply of crude oil in the country and is used by industry stakeholders to make informed decisions. The CCI is calculated based on the weighted average of crude oil prices in different regions of Canada and takes into account the different qualities and grades of crude oil produced in the country.
Why is the Canadian Crude Index Important?
The Canadian Crude Index plays a critical role in the Canadian energy sector, providing a benchmark for the price of crude oil in the country. It helps industry stakeholders, such as oil producers, refiners, and traders, make informed decisions about the supply and demand of crude oil. The CCI also provides valuable insights into the Canadian energy market, helping companies make strategic decisions about investments and operations.
In addition to its importance for the energy sector, the Canadian Crude Index also has a significant impact on the Canadian economy. The price of crude oil is closely tied to the overall economic health of the country, and changes in the CCI can have a significant impact on the Canadian economy. For example, a decrease in the price of crude oil can lead to lower revenues for oil producers, which can impact the overall economy.
How Does the Canadian Crude Index Affect the Canadian Economy?
The Canadian Crude Index has a direct impact on the Canadian economy, as the price of crude oil is a significant contributor to the country's overall economic health. When the CCI increases, it can lead to higher revenues for oil producers, which can stimulate economic growth. On the other hand, a decrease in the CCI can lead to lower revenues for oil producers, which can negatively impact the overall economy.
The Canadian Crude Index also affects the value of the Canadian dollar, as changes in the price of crude oil can impact the value of the currency. When the CCI increases, it can strengthen the Canadian dollar, making exports more expensive and imports cheaper. Conversely, a decrease in the CCI can weaken the Canadian dollar, making exports cheaper and imports more expensive.
FAQs
- What is the difference between the Canadian Crude Index and other crude oil benchmarks?
The Canadian Crude Index is a benchmark specifically for crude oil in Canada, taking into account the different qualities and grades of crude oil produced in the country. Other crude oil benchmarks, such as Brent Crude and West Texas Intermediate, are global benchmarks and do not take into account the specific characteristics of crude oil in Canada.
- How often is the Canadian Crude Index updated?
The Canadian Crude Index is updated on a daily basis, reflecting changes in the price and supply of crude oil in Canada.
- What factors impact the Canadian Crude Index?
The Canadian Crude Index is impacted by various factors, including supply and demand, geopolitical events, and economic conditions. Changes in these factors can have a significant impact on the CCI.
- How does the Canadian Crude Index affect the Canadian energy sector?
The Canadian Crude Index plays a critical role in the Canadian energy sector, providing a
benchmark for the price of crude oil in the country. It helps industry stakeholders, such as oil producers, refiners, and traders, make informed decisions about the supply and demand of crude oil. The CCI also provides valuable insights into the Canadian energy market, helping companies make strategic decisions about investments and operations.
Reliable Source of Information
The Canadian Crude Index is published by the Canadian Association of Petroleum Producers (CAPP), a leading industry organization representing Canada's upstream petroleum industry. The CCI is a trusted source of information, providing accurate and up-to-date data on the price and supply of crude oil in Canada.
By using the Canadian Crude Index, industry stakeholders can make informed decisions about their operations and investments, helping to ensure the continued growth and success of the Canadian energy sector.
For more information on the Canadian Crude Index, visit the CAPP website. You can also find detailed information on the CCI, including daily updates, historical data, and analysis on the Canadian energy market.
In conclusion, the Canadian Crude Index is an important benchmark for the price of crude oil in Canada, providing valuable insights into the supply and demand of crude oil in the country. Its impact on the Canadian economy and energy sector makes it a crucial resource for industry stakeholders, helping to ensure the continued growth and success of the Canadian energy sector.
