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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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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.
Dec 14, 2021 · Highlights. A surge in new Covid cases is expected to slow the recovery in global oil demand, with air travel and jet fuel most affected. On average, oil demand has been revised down by around 100 kb/d since last month’s Report for both 2021 and 2022.
Monthly Oil Market Report 2021. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year.
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$/ bbl, contango (-) or backwardation
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Brent spot prices and calendar spread, 1993-2022 X-axis: six-month calendar spread (Ml-M7) (U.S$ per barrel) Y-axis: percent change in spot price over previous two months (five-day avg)
