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Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
World oil demand growth in 2022 is revised downwards from t he previous month’s assessment but still shows healthy growth of 3.1 mb/d, including the recently observed trend of burning more crude in power generation.
Table 7.4: ICE Brent, NYMEX WTI and DME Oman annual average of the 1st, 6th and 12th forward months. Table 7.5: Spot prices of petroleum products in major markets. Table 7.6: Crack spreads in major markets. Taxes on oil.
ASB is one of OPEC’s flagship publications, along with the World Oil Outlook. First released back in 1965, this yearly publication has earned its status over the years as a reputable and trustworthy source
Oil • Brent crude oil prices averaged $101/bbl in 2022, its highest level since 2013. • Oil consumption continued to increase, rising by 2.9 million barrels per day (b/d) to 97.3 million barrels per day (b/d), a smaller increase than was seen between 2020 and 2021. Consumption remained 0.7% below 2019 levels.
Monthly Oil Market Report 2022. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year.
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Aug 11, 2022 · World oil demand is now forecast at 99.7 mb/d in 2022 and 101.8 mb/d in 2023. World oil supply hit a post-pandemic high of 100.5 mb/d in July as maintenance wound down in the North Sea, Canada and Kazakhstan. OPEC+ ramped up total oil production by 530 kb/d in line with higher targets and non-OPEC+ rose by 870 kb/d.