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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.
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.
Monthly prices variations: crude oil vs gasoline, November 2021 – April 2022 - Chart and data by the International Energy Agency.
Dec 1, 2021 · Selected Crude Oil Prices December 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Did you find what you were looking for?
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.
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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Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.
