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Apr 25, 2022 · We have raised our oil price forecasts beyond the interim mid-quarter forecast released last month. We now expect WTI to average 103 USD/bbl this year and 95 USD/bbl in 2023 (chart 3); for Brent, we anticipate mean values of 108 USD/bbl and 99 USD/bbl in 2022 and 2023, respectively.
6 days ago · Gasoline & Diesel Prices & Zone Map. Disponible en français. Breakdown - Gasoline & Diesel Oil prices - as of the last pricing date (s) – Zone 1.
Crude Oil decreased 3.01 USD/BBL or 4.20% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on September of 2024.
Deloitte’s energy, oil, and gas price forecast takes many factors into account, including historical trends, future market changes, current supply and demand, and global geopolitical changes. We collect this information from many sources, such as industry publications, exchange markets, and government agencies.
- World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and is now projected to ease to 490 kb/d on average in the second half of the year on a more tempered economic expansion and higher prices.
- Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d. Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption.
- Global refinery margins have surged to extraordinarily high levels due to depleted product inventories and constrained refinery activity. Throughputs in April fell 1.4 mb/d to 78 mb/d, the lowest since May 2021, largely driven by China.
- Global observed oil inventories declined by a further 45 mb during March and are now a total 1.2 billion barrels lower since June 2020. In the OECD, the release of 24.7 mb of government stocks during March halted the precipitous decline in industry inventories.
Mar 16, 2022 · As Nova Scotia prices are regulated, it looks like about 10 cents a litre from today's price. There was some talk about getting the Saudis to release some of their reserves.
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Oct 13, 2022 · Our forecasts for 4Q22 and 2023 have been revised down by 340 kb/d and 720 kb/d, respectively, following demand downgrades and OPEC+ production cuts. Runs are now expected to increase by 2.2 mb/d in 2022 and 1.2 mb/d next year. Russian oil exports fell by 230 kb/d to 7.5 mb/d in September, down 560 kb/d from pre-war levels.
