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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

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     Where Is Oil Headed in 2023?

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5. 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.

6. 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...

7. 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.

8. oilprice.com › Energy › Energy-GeneralHow Much Lower Could Oil Prices Fall? | OilPrice.com

   oilprice.com › Energy › Energy-General

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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...

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   Why did we lower our crude oil price forecast for 2023?

   • We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April.

   EIA expects lower crude oil prices for the second half of 2023 and for

   www.eia.gov/todayinenergy/detail.php?id=56560

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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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   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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   How will supply constraints affect crude oil prices in 2024?

   • We expect that these supply constraints will put upward pressure on crude oil prices. In 2024, we expect OPEC liquid fuels production will increase by 0.7 million b/d to 34.4 million b/d, driven by an end of the currently agreed upon OPEC+ production cuts in 2023.

   EIA expects lower crude oil prices for the second half of 2023 and for

   www.eia.gov/todayinenergy/detail.php?id=56560

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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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   Why are oil prices so low today?

   • 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 is economic uncertainty, with more and more analysts talking about a recession.

   How Much Lower Could Oil Prices Fall? | OilPrice.com

   oilprice.com/Energy/Energy-General/How-Much-Lower-Could-Oil-Prices-Fall.html

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10. www.eia.gov › todayinenergy › detailEIA expects lower crude oil prices for the second half of ...

    www.eia.gov › todayinenergy › detail

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    May 22, 2023 · Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, May 2023. We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April.