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Surging oil prices provide Newfoundland and Labrador with $500 million in revenue

Newfoundland and Labrador's finance minister said higher oil prices are generating an additional $500 million, helping the province address its deficit.

By DoomRadar · Published on DoomRadar .

Why it matters

The revenue windfall affects the province's fiscal position and exposure to volatile energy prices.

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EARLIER READING

Surging diesel prices deepen the threat of a wider supply crunch

Diesel costs are soaring, hurting farmers and raising the price of goods, while refinery production adjustments continue. Economic pressure is worsening, although one refinery’s fuel-oil supply remains under control.

Related details in the reporting

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