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Graph 3.1 The importance of the United States for non-OPEC supply growth in recent years 29 Section 4: Oil data: downstream 31 Graph 4.1 World refinery throughput by region 44 Section 5: Oil trade 45 Graph 5.1 World inter-regional trade of crude oil 52 Graph 5.2 OPEC Members’ crude oil exports by destination 60 Section 6: Oil transportation 61
Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
The spot price for West Texas Intermediate (WTI), a benchmark price for U.S. crude oil, followed a similar pattern, finishing the 2022 trading year $4/b higher than on January 3. The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating ...
World oil demand growth in 2022 is revised downwards from t he previous month’s assessment but still shows healthy growth of 3.1 mb/d, including the recently observed trend of burning more crude in power generation.
Brent spot prices and calendar spread, 1993-2022 X-axis: six-month calendar spread (Ml-M7) (U.S$ per barrel) Y-axis: percent change in spot price over previous two months (five-day avg)
Crude oil futures prices rose on both sides of the Atlantic with the ICE Brent front month up $8.53, or 10.0%, to average $94.10/b and NYMEX WTI rising by $8.65, or 10.4%, to average $91.63/b.
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In 2023, for example, global oil demand expanded, year-on-year, by 2.6 million barrels of oil a day (mb/d) to reach an average of 102.2 mb/d. In addition, demand grew in almost every region, with the non-OECD leading the way.
