21 C
Fort St. John
Wednesday, August 15, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
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Oil and Gas Update

There’s a dramatic drop in the price of oil today. It has fallen by more than $9.00 a barrel but neverthless, it is still trading for nearly $136 U.S. The drop in price comes on the same day as the release of the new MJ Ervin and Associates cross-country gasoline price survey.

The national average price has held steady for the past two weeks, at $1.395 per liter.

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Meanwhile, the July sale of oil and gas rights in Northeastern B.C. is scheduled for tomorrow. If it continues the trend of the past two months, when the sales topped $400 million and $200 million respectively, this calendar year’s seven-month total will break last year’s twelve-month record of 1.2 billion.

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