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Oct 19, 2022 · Economic forecast: 0.9% real growth in calendar year 2022—up from 0.5% in Budget 2022; nominal growth forecast raised from 3.6% to 10.1%. Oil prices: raised Brent crude forecast to 102 USD/bbl from 86 USD/bbl in Budget; oil production outlook improved slightly by 3.5%. Borrowing requirements: reduced by $900 mn to $1.8 bn in FY22.
Apr 18, 2022 · The Consumer Price Index increased 8.5 percent for the year ended March 2022, following a rise of 7.9 percent from February 2021 to February 2022. The 8.5-percent increase in March was the largest 12-month advance since December 1981.
Dec 14, 2022 · Oil demand is now forecast to rise by 2.3 mb/d in 2022 and a further 1.7 mb/d next year, up around 140 kb/d compared with last month’s Report. While lower oil prices come as a welcome relief to consumers faced by surging inflation, the full impact of embargoes on Russian crude and product supplies remains to be seen.
Oct 20, 2022 · When Russia first attacked Ukraine, the oil prices went through the roof, jumping from around $76 per barrel at the start of the year to over $110 per barrel on March 4, 2022.
However, the exact timing of price increases varied depending on the individual item. For example, the lowest price of pasta rose by 18% over October and November 2021, while vegetable oil prices rose 12% over June and July 2022. Other items saw a more gradual increase or decrease in the lowest price.
Conversion Oil (Brent) Price Price; 1 Barrel ≈ 158,98 Liters Oil (Brent) Price Per 1 Liter 0.55 USD 1 Barrel = 42 Gallons
Sep 1, 2022 · Producing offshore projects average a break-even price of $18.10 per barrel of oil equivalent, compared with $28.20 per barrel for onshore, according to Rystad. Other companies bought into ...
