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Aug 30, 2024 · The average inflation-adjusted annual price for dated Brent, a metric closely related to oil futures, was $94.91 a barrel from 2010 to 2023, said Jim Burkhard, head of energy markets research...
Aug 5, 2024 · This article fact-checks claims that the Strategic Petroleum Reserve has been replenished, revealing a significant discrepancy between the Biden Administration's statements and the actual SPR...
Jan 4, 2024 · Oil prices averaged US$78/bbl in December, down from US$94/bbl in September, reversing all the gains accrued in 2023Q3. Oil prices have been under downward pressure amid weak global economic activity, record output from the United States, and steady production and exports by Russia.
Mar 27, 2024 · Yet each time prices quickly returned to that $75-$85 range (see chart 1). Brent ended 2023 at $78, down $4 from the start of the year. There are three reasons why traders expect this trend to...
Jun 9, 2023 · But last year, despite prices topping $100 a barrel, rig counts stayed in the mid-300s. They held there as prices dropped. And that's where they remain today, more or less leveling off.
- Camila Domonoske
Jul 28, 2023 · Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of Ukraine...
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Dec 1, 2023 · Dec. 1, 2023. American oil fields are gushing again, helping to drive down fuel prices but also threatening to undercut efforts to reduce greenhouse gas emissions. Only three years after U.S....
