Petroleum Refining in Canada
Revenue for the Petroleum Refining industry in Canada has been volatile over the five years to 2019. Crude oil is the primary input into industry products and therefore its price is the primary driver of industry revenue. There have been minimal changes to the overall industry operating structure in recent years, although two refineries did close in the years leading up to the reporting period. Over the five years to 2024, an expanding domestic economy will prompt increased consumer spending and manufacturing output.
This industry refines crude petroleum through fracking and distillation to produce gasoline, diesel fuels and other fuel oils.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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