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Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
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.
YearAverageclosing PriceYear OpenYear High2024$77.51$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published April 2022.
- Mapped: Global Energy Prices, by Country in 2022
- Global Energy Prices: Gasoline
- Global Energy Prices: Electricity
- Global Energy Prices: Natural Gas
- Increasing Competition
For some countries, energy prices hit historic levels in 2022. Gasoline, electricity, and natural gas prices skyrocketed as Russia’s invasion of Ukraine ruptured global energy supply chains. Households and businesses are facing higher energy bills amid extreme price volatility. Uncertainty surrounding the war looms large, and winter heating costs a...
Which countries and regions pay the most for a gallon of gas? Source: GlobalPetrolPrices.com. As of October 31, 2022. Represents average household prices. At an average $11.10per gallon, households in Hong Kong pay the highest for gasoline in the world—more than double the global average. Both high gas taxes and steep land costs are primary factors...
Extreme volatility is also being seen in electricity prices. The majority of the highest household electricity prices are in Europe, where Denmark, Germany, and Belgium’s prices are about doublethat of France and Greece. For perspective, electricity prices in many countries in Europe are more than twice or three times the global average of $0.14 pe...
Eight of the 10 highest natural gas prices globally fall in Europe, with the Netherlands at the top. Overall, European natural gas prices have spiked sixfoldin a year since the invasion of Ukraine. Source: GlobalPetrolPrices.com. As of March 31, 2022. Represents average household prices. The good news is that the fall season has been relatively war...
By December, all seaborne crude oil shipments from Russia to Europe will come to a halt, likely pushing up gasoline prices into the winter and 2023. Concerningly, analysis from the EIA shows that European natural gas storage capacities could sink to 20%by February if Russia completely shuts off its supply and demand is not reduced. As Europe seeks ...
- Dorothy Neufeld
Sep 14, 2022 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.
Crude oil futures are the benchmark for oil prices in the United States and serve as a reference point for global oil pricing. Crude oil is classified as light and sweet where "light" refers to its low density and "sweet" indicates its low sulfur content.
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Monthly Oil Market Report 2022. 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 ...
