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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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     Where Is Oil Headed in 2023?

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     How U.S. oil production reached an all-time high 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. 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 · The world still has a big appetite for oil: according to the EIA demand hit a record in 2023 and will be higher still in 2024, thanks in part to growth in India. But that is unlikely to push ...

8. 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.

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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?

   • Analysts forecast weak global economic growth in 2024, predicting that oil demand and prices will remain subdued, with WTI crude expected to average $78.84 per barrel. Oil prices, which had averaged above $100 per barrel in 2022, were significantly lower in 2023 and averaged just above $80 a barrel—despite another war breaking out in the world.

   Why Oil Prices Will Continue To Lag in 2024 | OilPrice.com

   oilprice.com/Energy/Crude-Oil/Why-Oil-Prices-Will-Continue-To-Lag-in-2024.html

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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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   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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   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 world oil demand increase in 2024?

   • World demand is expected to increase only by about one million barrels a day in 2024, less than half the increase seen in 2023, according to the International Energy Agency. The main reason: China, which has accounted for roughly half of consumption increases in the last two decades, is no longer roaring ahead — a big worry for the oil industry.

   Why Oil Prices Remain Subdued - The New York Times

   www.nytimes.com/2024/08/30/business/oil-prices.html

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10. oilprice.com › Energy › Crude-OilWhy Oil Prices Will Continue To Lag in 2024 | OilPrice.com

    oilprice.com › Energy › Crude-Oil

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    Jan 4, 2024 · Brent crude oil prices averaged $83 per barrel in 2023, a decrease from $101 in 2022, largely due to global market adjustments and higher non-OPEC+ production. The U.S. and other non-OPEC+...