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Jun 20, 2024 · Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2024) – with major processing by Our World in Data. “Oil price - Crude prices since 1861” [dataset]. Energy Institute, “Statistical Review of World Energy” [original data].
- 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.
Price - Chart - Historical Data - News. WTI crude futures held near $84 per barrel on Friday and were set to advance for the fourth straight week as falling US crude inventories and signs of strong seasonal demand supported oil prices. The US oil benchmark is up about 3% so far this week. The US EIA reported that US crude stockpiles declined by ...
International Energy Outlook 2023 Release date: October 2023. Table P1. Brent crude oil price, Reference case. 2022 dollars per barrel. Crude oil price 2022 2025 2030 2035 2040 2045 2050 Average annual percentage change, 2022–2050 Brent crude oil price $102.1 $88.4 $91.0 $93.7 $96.4 $99.1 $101.8 0.0% Data source: U.S. Energy Information ...
Jan 4, 2023 · 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.
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