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Jun 11, 2024 · Crude oil prices are the primary driver of petroleum product prices. Data source: Short-Term Energy Outlook. Economic growth has a strong impact on oil consumption. Data sources: U.S. Energy Information Administration, Oxford Economics. Changes in expectations of economic growth can affect oil prices.
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Brent spot prices and calendar spread, 1993-2022 X-axis: six-month calendar spread (Ml-M7) (U.S$ per barrel) Y-axis: percent change in spot price over previous two months (five-day avg)
Monthly prices variations: crude oil vs gasoline, November 2021 – April 2022 - Chart and data by the International Energy Agency.
Global petroleum market, monthly data, 2008-2021 X-axis: OECD conmmercial stocks (percent change from prior 5yr average, excl 2020) Y-axis: Brent calendar spread (six-months, US$/ bbl, contango (-) or backwardation
This dataset is updated once a month and includes monthly end-user total prices for transport fuels in selected countries, based on the IEA Energy Prices database.
May 17, 2024 · How Crude Oil Prices are Determined. The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world.
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Dec 14, 2021 · Global oil demand is now set to rise by 5.4 mb/d in 2021 and by 3.3 mb/d in 2022, when it returns to pre-pandemic levels at 99.5 mb/d. Global oil production is poised to outpace demand from December, led by growth in the US and OPEC+ countries.
