TERMIUM Plus®

From: Translation Bureau

On social media

Consult the Government of Canada’s terminology data bank.

WORLD CRUDE OIL PRICE [7 records]

Record 1 2010-04-28

English

Subject field(s)
  • Laws of the Market (Economy)
CONT

The price of crude oil is generally set by the world market based on supply and demand. As a result, when demand increases and stocks decrease, the price of crude oil increases, but many other factors can affect the price of crude oil, which is the main component in the gasoline pump price.

French

Domaine(s)
  • Lois du marché (Économie)
CONT

Le prix du pétrole brut est normalement fixé par le marché mondial, en fonction de l'offre et la demande. Ainsi, lorsque la demande augmente et que les stocks baissent, le prix du brut monte, mais bien d'autres facteurs peuvent influencer le prix du brut, lequel représente la principale composante du prix de l'essence à la pompe.

Spanish

Save record 1

Record 2 2010-03-03

English

Subject field(s)
  • Market Prices
  • National and International Economics
  • Foreign Trade
DEF

Country that exports or imports in insufficient quantities to influence market price and is obliged to sell its goods at the price set by major exporters.

CONT

Canada is a net exporter of crude oil and gasoline. According to the U. S. Energy Information Administration, Canada accounts for 3% of the world supply of oil. Canada is a price taker for crude oil and gasoline. This means that Canadian producers take the price on the open market and do not directly influence the world price of gasoline independently.

Key term(s)
  • price taker country
  • price taking country

French

Domaine(s)
  • Prix (Commercialisation)
  • Économie nationale et internationale
  • Commerce extérieur
CONT

Le Canada est un exportateur net de pétrole brut et d'essence. D'après l'U.S. Energy Information Administration, le Canada contribue pour 3 % de la production mondiale de pétrole. Le Canada est un preneur de prix dans le cas du pétrole brut et de l'essence, ce qui signifie que les producteurs canadiens prennent le prix du marché libre et n'exercent pas à eux seuls d'influence sur les prix mondiaux de l'essence.

Spanish

Save record 2

Record 3 2002-03-26

English

Subject field(s)
  • Commercial Utilization (Oil and Natural Gas)
  • Crude Oil and Petroleum Products
  • Market Prices
DEF

The world’s most prolific crude oil, frequently used as a marker crude in establishing the prices of other crudes.

CONT

The price of Saudi Arabian light crude oil was previously fixed at $12. 70 per barrel(34 degrees A. P. I. with 1. 7 per cent sulphur) and this was used as the reference world oil price in calculating the substitution value of Canadian natural gas exports.

Key term(s)
  • Arabian light crude

French

Domaine(s)
  • Exploitation commerciale (Pétrole et gaz naturel)
  • Pétroles bruts et dérivés
  • Prix (Commercialisation)
DEF

Mélange de pétroles d'Arabie Saoudite dont le prix sert de référence sur le marché mondial.

CONT

[...] les Arabian Light sont des pétroles bruts légers provenant de la péninsule arabique [...]

Spanish

Campo(s) temático(s)
  • Explotación comercial (Petróleo y gas natural)
  • Petróleo bruto y derivados
  • Precios (Comercialización)
Save record 3

Record 4 1986-06-05

English

Subject field(s)
  • Public Sector Budgeting
  • Industry-Government Relations (Econ.)
CONT

The major mechanism by which rents on crude oil that are not collected by the producing provinces are redistributed is through the policy of pricing domestically produced oil below the world price.

French

Domaine(s)
  • Budget des collectivités publiques
  • Relations de l'industrie avec l'État (Écon.)

Spanish

Save record 4

Record 5 1985-05-15

English

Subject field(s)
  • Oil Refining
CONT

In the context of present world prices of crude oil and probable price increases in the near future, the overall economics of heavy-oil recovery and upgrading appear favourable.

OBS

... heavy oil may be upgraded by one of two basic approaches: Coking ... and Hydrocracking ...

OBS

... upgrading plants that will convert the heavy oil into a "synthetic crude" acceptable to existing refineries.

French

Domaine(s)
  • Raffinage du pétrole

Spanish

Save record 5

Record 6 1985-03-15

English

Subject field(s)
  • National and International Economics
  • Commercial Utilization (Oil and Natural Gas)
CONT

Because of a lower world crude oil price, the Government of Canada reduced the gas export border price to $US 4. 10 per gigajoule on April 11, 1983.

French

Domaine(s)
  • Économie nationale et internationale
  • Exploitation commerciale (Pétrole et gaz naturel)

Spanish

Save record 6

Record 7 1985-03-15

English

Subject field(s)
  • National and International Economics
  • Market Prices
  • Commercial Utilization (Oil and Natural Gas)
CONT

Because of a lower world crude oil price, the Government of Canada reduced the gas export border price to $US 4. 10 per gigajoule on April 11, 1983.

French

Domaine(s)
  • Économie nationale et internationale
  • Prix (Commercialisation)
  • Exploitation commerciale (Pétrole et gaz naturel)

Spanish

Save record 7

Copyright notice for the TERMIUM Plus® data bank

© Public Services and Procurement Canada, 2026
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

GCtranslate (available on the Government of Canada network only)

Use this artificial intelligence prototype to translate Government of Canada content up to and including Protected B. Available to employees of selected departments and agencies only.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: