Commodity Prices and Background Indicators
  1990   2014 2015
Commodity Prices
 
Crude Oil Prices
Wellhead U.S. Average ($US/bbl.)a 20.03   87.39 44.39
Edmonton Par1 ($/m3)b 173.95   591.50 330.00
Brent Montréal2 ($/m3)b 187.35   713.61 393.00
Natural Gas Price at AECO-C Hub (intra-Alberta)3 ($/GJ)b 1.34   4.17 2.57

Background Indicators
 
Total GDP (million $ 2007)c 922,858   1,623,166 1,649,263
Industrial 291,400   431,486 424,825
Commercial/Institutional 553,450   1,070,748 1,092,747
Agricultured 12,609   17,608 19,184
Electricity Generation 24,044   29,094 28,178
Multifactor Measure of Productivity (2007= 100)e 94.7   99.9 98.9

Footnotes:

1) Edmonton crude oil price is based on the price of West Texas Intermediate (WTI) crude, sold on the Chicago Mercantile Exchange.
2) Brent Montréal crude oil is the cost of Brent crude oil (in the Montréal market) including the transportation costs through the Portland-Montréal oil pipeline.
3) AECO-C hub is the main pricing point for Alberta natural gas and represents the major pricing point for Canadian gas.

Sources:

a) Energy Information Administration (EIA), Domestic Crude Oil First Purchase Prices, http://www.eia.gov/petroleum/marketing/monthly/archive/2015/2015_03/pdf/pmmtab1.pdf
b) Natural Resources Canada, Petroleum Resources Branch, Canadian Oil, Refining and Energy Security Division, Ottawa, 2017.
c) Statistics Canada, Gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS) CANSIM (Table 379-0031), Ottawa, 2017.
d) The agriculture sector GDP includes crop production (NAICS code 111), animal production (112) and their support activities (1151, 1152).
e) Statistics Canada, Multifactor productivity, Canada, Business sector, Table 383-0021, Ottawa, 2017 (CANSIM).