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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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     Why do oil prices matter to the global economy? An expert explains

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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.marketplace.org › 2023/10/06 › why-are-oilWhy are oil prices suddenly dropping? - Marketplace

   www.marketplace.org › 2023/10/06 › why-are-oil

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   Oct 6, 2023 · Oil prices slid more than 10% in just over a week. This is also playing out at the pump, with gas down about eight cents per gallon.

8. blogs.worldbank.org › en › opendataOil prices remain volatile amid uncertainty arising from ...

   blogs.worldbank.org › en › opendata

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   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.

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   What is the outlook for oil prices in 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. Slower-than-expected growth, particularly in China, presents a key downside risk.

   Oil prices remain volatile amid uncertainty arising from geopolitical

   blogs.worldbank.org/en/opendata/oil-prices-remain-volatile-amid-uncertainty-arising-geopolitical-conflict

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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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   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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   Why are oil prices reversing in 2023q3?

   • Explore the full report here. 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.

   Oil prices remain volatile amid uncertainty arising from geopolitical

   blogs.worldbank.org/en/opendata/oil-prices-remain-volatile-amid-uncertainty-arising-geopolitical-conflict

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   Why are US oil futures falling?

   • David Zalubowski/AP US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about increased production around the globe and shrug off the Organization of the Petroleum Exporting Countries’ promises to limit supply.

   Oil prices have been falling for seven weeks straight. Here’s why - CNN

   www.cnn.com/2023/12/11/investing/premarket-stocks-oil-gas-prices/index.html

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10. 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 · Brent ended 2023 at $78, down $4 from the start of the year. There are three reasons why traders expect this trend to continue in 2024. Chart: The Economist. The first is supply—for years the...