Search results
Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...
As events in 2021 show, consumers are vulnerable when prices rise sharply. We have tested this by modelling the impact of a fossil fuel price shock in 2030 on household energy bills in the STEPS and NZE, taking the highest oil, natural gas and coal prices reached in each region over the period from 2010 to 2020.
Mar 17, 2021 · Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead.
Oct 5, 2021 · Oil prices on Tuesday climbed to their highest level in nearly seven years after OPEC and its allies declined to significantly ramp up production. US crude jumped another 1.4% to settle at...
Mar 13, 2022 · During the first months of 2021, oil prices continued growing, reaching a one-year maximum of $69.95 on March 5. The gains reflect improving oil demand due to progress in COVID-19 vaccination as well as recovering global economic activity.
Sep 27, 2021 · Oil continued to climb on Monday with global benchmark Brent nearing $80 a barrel, its highest price since October 2018, as tight supply fuels a crude rally and demand in some parts of...
Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in ...
