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1. www.opec.org › opec_web › enMonthly Oil Market Report 2021 - OPEC

   www.opec.org › opec_web › en

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   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. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

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3. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

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   Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.

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     What is OPEC? | CNBC Explains

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     What Exactly Does OPEC Do That Affects Oil Prices?

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     What Is OPEC? Here's What OPEC Does And How It Affects Oil Prices

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5. www.opec.org › publications › OPEC_ASB_20212021 OPEC Annual Statistical Bulletin

   www.opec.org › publications › OPEC_ASB_2021

   OPEC’s commitment to high-quality, transparent oil and gas data supports our goal of fostering sustainable oil market stability for the benefit of producers, consumers and the global economy. As far as distribution goes, we continue to harness the latest technologies to expand access to the

6. www.opec.org › OPEC_MOMR_December_2021Feature article: Review of 2021 and outlook for 2022 - OPEC

   www.opec.org › OPEC_MOMR_December_2021

   Similarly, crude oil futures prices ended November sharply lower amid higher volatility after a broad selloff in futures and equity markets, amid the emergence of the new Omicron COVID- 19 variant and easing concerns about an energy crunch.

7. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

   www.eia.gov › todayinenergy › detail

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   Jan 4, 2022 · OPEC and other countries, such as Russia, that coordinate production with OPEC (referred to as OPEC+) announced in December 2020 that they would continue to limit production increases throughout 2021 to support higher crude oil prices. According to our December 2021 Short-Term Energy Outlook (STEO) estimates, U.S. crude oil production in 2021 ...

8. crsreports.congress.gov › product › pdfOil Markets and Prices in 2021: Demand, Supply, and Policy ...

   crsreports.congress.gov › product › pdf

   Jan 13, 2021 · Numerous uncertainties affect oil and petroleum price forecasts for 2021. Current forecasts indicate moderate and stable oil prices with commercial inventories, additional supply, and high OPEC spare

9. People also ask

   Will OPEC increase oil production in 2021?

   • OPEC and other countries, such as Russia, that coordinate production with OPEC (referred to as OPEC+) announced in December 2020 that they would continue to limit production increases throughout 2021 to support higher crude oil prices.

   Crude oil prices increased in 2021 as global crude oil demand outpaced

   www.eia.gov/todayinenergy/detail.php?id=50738

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   What is the OPEC Monthly oil market report?

   • The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever.

   Monthly Oil Market Report 2021 - OPEC

   www.opec.org/opec_web/en/publications/6356.htm

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   Will OPEC increase oil production faster?

   • Adding too much oil to the market could cause prices to slip, as they briefly did in August, while holding back production costs members money for their state budgets. The Biden administration has urged OPEC to increase production faster, saying that higher gasoline costs risk harming the ongoing global recovery.

   Oil prices inch lower after OPEC+ sticks to pledge to pump more crude

   www.cbc.ca/news/business/opec-oil-price-1.6161317

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   What is the OPEC SPR release date?

   • 70 OPEC Monthly Oil Market Report – December 2021 Announcement of coordinated SPR release In November 2021, the US Administration announced the release of 50 mb of crude oil from their strategic Reserve (SPR).

   Feature article: Review of 2021 and outlook for ... - opec.org

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_December_2021.pdf

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   What is the outlook for oil prices in 2021?

   • Current forecasts indicate moderate and stable oil prices with commercial inventories, additional supply, and high OPEC spare production capacity expected to limit price increases. However, unforeseen geopolitical, market disruption, and policy events could quickly change the 2021 outlook.

   Oil Markets and Prices in 2021: Demand, Supply, and Policy Uncertainties

   crsreports.congress.gov/product/pdf/IN/IN11574/2

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   How did oil prices recover after OPEC+?

   • Oil prices began to recover following implementation of a production restraint agreement among the Organization of the Petroleum Exporting Countries (OPEC) and certain non-OPEC countries (collectively OPEC+), combined with economically motivated production declines in the United States, Canada, and other nations.

   Oil Markets and Prices in 2021: Demand, Supply, and Policy Uncertainties

   crsreports.congress.gov/product/pdf/IN/IN11574/2

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10. www.cbc.ca › news › businessOil prices inch lower after OPEC+ sticks to pledge to pump ...

    www.cbc.ca › news › business

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    Sep 1, 2021 · The notoriously fractured oil cartel known as OPEC had managed to stick together long enough to implement their pledge to start releasing 400,000 more barrels of oil every day.