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  1. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

    Jan 4, 2022 · The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent’s 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar ...

    • Brent

      Crude oil prices increased in 2021 as global crude oil...

  2. oilprice.com › Latest-Energy-News › World-NewsAverage Oil Price In 2021 Was The Highest In Past Three Years

    Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years

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  4. www.forbes.com › sites › daneberhartWhy Are Oil Prices So High When The U.S. Remains One ... - Forbes

    Nov 13, 2021 · In 2019, U.S. crude oil production averaged 12.3 million barrels per day. U.S. crude oil production ... [+] then fell to 9.7 million in May 2020. From October 1 through October 29, 2021, weekly ...

    • Dan Eberhart

  5. www.ft.com › content › 14d4980b-8163-4359-bc4a-fb2b7Oil prices rise above $80 a barrel for first time in three years

    Sep 28, 2021 · Brent, the international benchmark, rose as much as 0.9 per cent to $80.22 a barrel early on Tuesday, hitting a three-year high for the second consecutive day before settling 0.6 per cent lower at ...

    • Neil Hume

  6. www.reuters.com › business › energyOil's journey from worthless in the pandemic to $100 a barrel

    Feb 24, 2022 · Brent crude oil topped $100/barrel for the first time since Sep 2014 on Russia-Ukraine tensions Purchase Licensing Rights. Worldwide oil consumption last year outstripped supply by about 2.1 ...

  7. www.iea.org › reports › oil-2021Oil 2021 – Analysis - IEA - International Energy Agency

    Mar 17, 2021 · About this report. World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”. Oil 2021, the IEA’s latest medium-term outlook, explains why. Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon ...

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  9. www.iea.org › reports › oil-market-report-august-2021Oil Market Report - August 2021 – Analysis - IEA

    Aug 12, 2021 · Global oil demand is now seen rising 5.3 mb/d on average, to 96.2 mb/d in 2021, and by further 3.2 mb/d in 2022. World oil supply rose by 1.7 mb/d in July to 96.7 mb/d after Saudi Arabia ended its extra voluntary production cut and the North Sea recovered strongly after maintenance. Global output is poised to rise further in the coming months ...