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1. www.nytimes.com › 2024/08/30 › businessWhy Oil Prices Remain Subdued - The New York Times

   www.nytimes.com › 2024/08/30 › business

   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...

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3. oilprice.com › Energy › Energy-GeneralWhy U.S. Oil and Gas Production Is Slowing Down

   oilprice.com › Energy › Energy-General

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   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.

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     How U.S. oil production reached an all-time high in 2023

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     How U.S. oil production reached an all-time high in 2023

     Dec 28, 2023

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     Where Is Oil Headed in 2023?

     Dec 22, 2022

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5. oilprice.com › Energy › Crude-OilFact-Checking the Biden Administration's SPR Narrative

   oilprice.com › Energy › Crude-Oil

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   Aug 5, 2024 · A simple calculation will show why. Since coming to the White House, the Biden administration withdrew a reported 288 mb from the SPR to use to depress oil prices reducing the SPR level to 350...

6. blogs.worldbank.org › en › opendataOil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org › en › opendata

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   Jun 14, 2024 · Oil prices are projected to average $84 per barrel in 2024, slightly up from $83/bbl in 2023, before declining to $79/bbl in 2025. Potential risks to the outlook include escalation of conflicts, lower-than-expected oil supply in North America, and weaker-than-expected global GDP growth.

7. www.cnn.com › 2023/12/11 › investingOil prices have been falling for seven weeks straight. Here’s why

   www.cnn.com › 2023/12/11 › investing

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   Dec 11, 2023 · US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.

8. www.economist.com › graphic-detail › 2024/03/27Three reasons why oil prices are remarkably stable

   www.economist.com › graphic-detail › 2024/03/27

   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...

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   What will oil prices look like in 2024?

   • Oil prices are projected to average $84 per barrel in 2024, slightly up from $83/bbl in 2023, before declining to $79/bbl in 2025. Potential risks to the outlook include escalation of conflicts, lower-than-expected oil supply in North America, and weaker-than-expected global GDP growth.

   Oil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org/en/opendata/oil-market-dynamics--the-calm-after-the-storm-

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   What happened to oil prices in 2023?

   • When Saudi Arabia extended its production cuts in September, prices reached almost $100. The market rose again after Hamas attacked Israel on October 7th. 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.

   Three reasons why oil prices are remarkably stable - The Economist

   www.economist.com/graphic-detail/2024/03/27/three-reasons-why-oil-prices-are-remarkably-stable

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   Why are oil prices so volatile in 2024?

   • Over the past six months, prices have been volatile, influenced by heightened geopolitical tensions, OPEC+ production cuts, and some signs of firming global industrial activity. Oil prices are projected to average $84 per barrel in 2024, slightly up from $83/bbl in 2023, before declining to $79/bbl in 2025.

   Oil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org/en/opendata/oil-market-dynamics--the-calm-after-the-storm-

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   Will oil price surges continue in 2024?

   • There are three reasons why traders expect this trend to continue in 2024. The first is supply—for years the biggest driver of price surges. Oil production is now less concentrated in the Middle East than it has been for much of the past 50 years. The region has gone from drilling 37% of the world’s oil in 1974 to 29% today.

   Three reasons why oil prices are remarkably stable - The Economist

   www.economist.com/graphic-detail/2024/03/27/three-reasons-why-oil-prices-are-remarkably-stable

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   Will US oil production increase in 2024?

   • The forecast anticipates a 0.6 mb/d increase in U.S. oil production in 2024. However, rising costs, record-high but stagnating production, and a declining number of active wells and drilled-but-not-completed wells could significantly challenge this projection.

   Oil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org/en/opendata/oil-market-dynamics--the-calm-after-the-storm-

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   Where will global oil demand grow in 2024?

   • Approximately three-fourths of global consumption growth in 2024 is expected to come from five countries (Brazil, China, India, Indonesia, and Saudi Arabia), while consumption in advanced economies is expected to be marginally lower. Global oil demand growth is forecast to increase modestly in 2025.

   Oil market dynamics: The calm after the storm - World Bank Blogs

   blogs.worldbank.org/en/opendata/oil-market-dynamics--the-calm-after-the-storm-

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10. www.iea.org › reports › oil-2023Executive summary – Oil 2023 – Analysis - IEA

    www.iea.org › reports › oil-2023

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    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.