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1. www.iea.org › reports › oil-market-report-january-2022Oil Market Report - January 2022 – Analysis - IEA

   www.iea.org › reports › oil-market-report-january-2022

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   Jan 19, 2022 · We have raised our global demand estimates by 200 kb/d for 2021 and 2022 – resulting in growth of 5.5 mb/d and 3.3 mb/d, respectively – due to softer Covid restrictions. World oil supply in 2022 has the potential for a Saudi-driven gain of 6.2 mb/d if OPEC+ fully unwinds its cuts.

2. www.iea.org › reports › oil-market-report-december-2022Oil Market Report - December 2022 – Analysis - IEA

   www.iea.org › reports › oil-market-report-december-2022

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   • World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
   • World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
   • Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
   • Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.

3. knoema.com › infographics › yxptpabCrude Oil Price Forecast: 2021, 2022 and Long Term to 2050

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   Mar 13, 2022 · (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels.

   • Author: Alex Kulikov

4. www.iea.org › reports › world-energy-outlook-2021Prices and affordability – World Energy Outlook 2021 ...

   www.iea.org › reports › world-energy-outlook-2021

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   World Energy Outlook 2021. Prices and affordability. The economic recovery in 2021 has tightened commodity markets and put upward pressure on prices across the board. Crude oil prices whipsawed from USD 20/barrel in the immediate aftermath of the pandemic in mid-2020 to around USD 70/barrel in mid-2021.

5. Videos

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     weforum.org

     Why do oil prices matter to the global economy? An expert explains

     Feb 15, 2022

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     1:57

     youtube.com

     Oil prices climb above $90 a barrel, highest since November 2022

     Sep 14, 2023

     2.3K Views

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     1:28

     reuters.com

     Oil prices hit multi-month highs on tightening supply

     Jul 31, 2023

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6. tradingeconomics.com › commodity › crude-oilCrude Oil - Price - Chart - Historical Data - News

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   Crude Oil - data, forecasts, historical chart - was last updated on July 25 of 2024. Crude Oil increased 6.56 USD/BBL or 9.16% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

7. www.spglobal.com › commodityinsights › enGlobal Oil Supply and Demand Outlook 2021-2022 | S&P Global

   www.spglobal.com › commodityinsights › en

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   By monitoring the key indicators of oil supply and demand, such as oil rig counts and activities, the energy investment outlook and crude oil price forecasts, our team of experts will share market intelligence to guide your strategic decisions.

8. People also ask

   How much will crude oil cost in 2021?

   • (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels.

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

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   How much did crude oil cost in 2022?

   • The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.

   Crude oil prices increased in first-half 2022 and declined in second

   www.eia.gov/todayinenergy/detail.php?id=55079

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   Will oil prices rise in 2021?

   • The International Monetary Fund, in its latest release of the World Economic Outlook, predicts a similar recovery scenario, with Brent oil prices rising to US$59.74 per barrel in 2021 and then to $56.23 in 2022. Oil price forecasts depend on the interaction between supply and demand for oil in international markets.

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

   See all results for this question

   How much will Brent crude oil cost in 2021?

   • WTI Crude Oil Price Forecasts from Different Sources (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

   See all results for this question

9. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

   www.eia.gov › todayinenergy › detail

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   Jan 4, 2023 · The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.