Refined Petroleum and Coal Products Industries - ARCHIVED

The latest issue contains the article "Refined petroleum and coal products industries" by Randall Sheldrick. The Canadian economy has been on the rise for almost a decade. But, the economy suffered a modest set back in 1998 due to the effects of the Asian economic and financial market crisis. While most manufacturing industries continued to expand, resource-based industries such as refined petroleum were hard hit by a slump in commodity prices.

This document presents an overview of the Refined Petroleum Products Industry. Most of the findings are based on the Annual Survey of Manufactures (ASM). According to this survey the total value of shipments for the industry stalled at just over $21 billion in 1997. Despite the fact that the industry tends to be cyclical in nature, demand for refined petroleum products is expected to increase steadily into the next century.