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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 · At its low point in July 2023, the SPR was drawn down by 288 million barrels, although some of that was due to congressionally-mandated sales. Since then, the Biden Administration has made a few...
Dec 11, 2023 · US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.
Jul 5, 2024 · While U.S. oil production continues to rise, albeit at a slower pace, natural gas output has dropped from December 2023 highs, and production has turned lower compared to year-ago levels.
Jan 4, 2024 · Oil prices are expected to decline to US$81/bbl in 2024 and moderate further in 2025, down from US$83/bbl in 2023. The outlook is subject to upside risks, including the extension of OPEC+ cuts beyond 2024Q1 along with potential supply disruptions in the Middle East.
Aug 28, 2024 · Lackluster oil demand from China and a fear of rising production is prompting major investment banks to lower their respective price forecast ranges for 2024-25.
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May 8, 2023 · Oil prices are nearly $10 lower today than they were a month ago when OPEC+ announced its latest production cut and sent prices soaring. The major factor driving oil prices lower at the moment...