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Mar 7, 2024 · Annual production of crude oil and equivalent products rose for the third consecutive year, up 1.4% to 286.4 million cubic metres in 2023, resulting in the highest volume since the start of this data series in 2016.
Benchmark crude oil prices are back below pre-war levels and refined product cracks have now come off all-time highs after rising supplies coincided with a marked slowdown in oil demand growth in advanced economies.
Jan 19, 2023 · Despite predictions of its looming demise as renewable energy leads to electrification that in turn leads to the death of oil, fossil fuels were the stars of the year, with demand for all,...
Dec 29, 2023 · Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world.
- Nicole Jao
Dec 28, 2023 · Crude oil faced a challenging trajectory in 2023, lagging behind various financial assets, and is on track to end the year in the red. Despite robust demand sustained by the global...
- Benzinga
Jun 12, 2024 · Release date: 2024-06-12. After declining the past three years, Canadian crude oil * imports grew in 2023, breaking the downward trend that started during the COVID-19 pandemic. In 2023, crude oil imports increased slightly to 490 thousand barrels per day (Mb/d), 4.8% higher than 2022, and 3.5% higher than 2021.
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The lower prices and a 200 kb/d drop in oil shipments pushed November export revenues for crude and products down 17% m-o-m to $15.2 billion, a level not seen since July 2023. Revenues fell more for crude (-$2.4 billion m-o-m) than products (-$800 million).
