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- The Brent-WTI crude oil spread (the difference between the two prices) increased in 2022 relative to 2021 because European countries needed to replace crude oil supplies they were importing from Russia with crude oil from another source. European markets were also affected by a strong U.S. dollar that made imported crude oil more expensive.
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Jul 28, 2023 · The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week. The winning streak is the longest since an eight-week rally ended in...
The WTI price followed a similar path as the Brent crude oil price in 2022, averaging $5/b less than the Brent crude oil price, compared with $3/b less in 2021. The Brent-WTI crude oil spread (the difference between the two prices) increased in 2022 relative to 2021 because European countries needed to replace crude oil supplies they were importing from Russia with crude oil from another source.
Jul 22, 2018 · The changing seasons have an important impact on oil prices and Canadian crude differentials, adding to price volatility. The spread between seasonal highs and lows creates opportunities for traders and buyers of refinery feedstock.
Aug 11, 2022 · Crude oil imports into China from countries outside the Atlantic Basin increased in the second quarter, whereas imports from countries in the Atlantic Basin decreased.
Sep 18, 2023 · China’s rebound. China consumes 15 per cent of global oil production annually, second only to the U.S. China’s GDP grew 5.5 per cent year-over-year (yoy) for the first half of 2023. In the...
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Jul 14, 2022 · Accordingly, prices could bobble within a wide range, but are expected to average more than US$100 per barrel through the third quarter. Consumption appears likely to underperform the latest expectations, notably those imbedded in the June short-term energy outlooks of both the EIA and IEA.
