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  1. www.statista.com › statistics › 262858OPEC crude oil price statistics annually 1960-2024 | Statista

    Jun 17, 2024 · The preliminary 2024 OPEC oil price stood at 83.64 U.S. dollars per barrels, as of May. This would be higher than the 2023 average, which amounted to 82.95 U.S. dollars. The abbreviation OPEC...

    • Saudi Arabia

      Saudi Arabia consumed 166 million metric tons of oil in...

  2. www.iea.org › reports › oil-market-report-june-2024Oil Market Report - June 2024 – Analysis - IEA

    Jun 12, 2024 · Global observed oil inventories built by 19.3 mb in April. On land stocks surged by 83.5 mb after eight-months of draws, while oil on water plunged by 64.2 mb following 112.6 mb of increases in the previous two months. OECD industry stocks rose by 32.1 mb, its first monthly increase since October.

  3. ourworldindata.org › grapher › crude-oil-pricesCrude oil prices - Our World in Data

    Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.

  4. en.wikipedia.org › wiki › Price_of_oilPrice of oil - Wikipedia

    1 day ago · The global average price of oil dropped to US$43.73 per barrel in 2016. By December 2018, OPEC members controlled approximately 72% of total world proved oil reserves, and produced about 41% of the total global crude oil supply. In June 2018, OPEC reduced production.

  5. www.reuters.com › markets › commoditiesOil prices dip as investors fret over demand outlook | Reuters

    3 days ago · Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season.

  6. www.reuters.com › business › energyOil drops as OPEC+ boosts supply even though demand is shaky

    Jun 4, 2024 · Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

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  8. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

    Jun 11, 2024 · The daily spot price of Brent crude oil averaged $82 per barrel (b) in 2023, in line with the $83/b expectation for the year we laid out in our January 2023 Short-Term Energy Outlook (STEO).