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Petroleum Refining in New Brunswick

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NB32411CA

Petroleum Refining in New Brunswick industry analysis

Revenue for the Petroleum Refining industry in New Brunswick is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has stagnated an annualized x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Petroleum Refining in New Brunswick Market Research Report

What’s Included in the Petroleum Refining in New Brunswick Market Research Report

Definition of the Petroleum Refining in New Brunswick?

This industry refines crude petroleum through fracking and distillation to produce gasoline, diesel fuels and other fuel oils.

What’s included in the Petroleum Refining in New Brunswick?

The Petroleum Refining in New Brunswick includes production of gasoline, production of diesel fuels, production of fuel oil, production of aviation fuel, production of heating oil and production of liquefied petroleum gases. Related terms covered in the Petroleum Refining in New Brunswick industry report includes an oil sand extraction technique where steam or solvents are injected into oil sand reserves to lower viscosity, permitting oil to flow into wells, the thickness of crude oil and petroleum products. low viscosity crude oil typically has lower refining costs, the difference between the value of refined petroleum products and cost of crude oil inputs. profit margin for petroleum refineries and a unit of measure for crude oil and petroleum products. one cubic metre is equal to about 6.3 barrels.

Industry Performance of the Petroleum Refining industry in New Brunswick

Benchmark the Petroleum Refining in New Brunswick industry performance with all NB Census Metropolitan Area and national performance.

Petroleum Refining in New Brunswick

#6 in Highest Revenue 3.9% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Petroleum Refining in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth ()

For the full list of industry drivers, see report purchase options.

Key Drivers of the Petroleum Refining industry in New Brunswick

See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, world price of crude oil, us gross domestic product (gdp) and canadian effective exchange rate index are impacting Petroleum Refining in New Brunswick

New Brunswick Economic Indicators

Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction

View more economic information in NB State Economic profile

Canada Key External Drivers

World price of crude oil
US Gross domestic product (GDP)
Canadian effective exchange rate index

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Petroleum Refining industry in New Brunswick

Access proprietary data on Census Metropolitan Area in the Petroleum Refining in New Brunswick, such as Saint John. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Petroleum Refining industry in New Brunswick

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Petroleum Refining industry in New Brunswick in 2025?

The market size of the Petroleum Refining industry in New Brunswick is $4.0bn in 2025.

How many businesses are there in the Petroleum Refining industry in New Brunswick in 2025?

There are 1 businesses in the Petroleum Refining industry in New Brunswick, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Petroleum Refining industry in New Brunswick grown or declined over the past 5 years?

The market size of the Petroleum Refining industry in New Brunswick has been growing at an average annual rate of 23.8% from 2020 to 2025.

How many employees in the Petroleum Refining industry in New Brunswick in 2025?

There are 693 employees in the Petroleum Refining industry in New Brunswick, which has been growing at an average annual rate of 4.4% from 2020 to 2025.