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Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. 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 ...
- Brent
prices; map; states; exports/imports; international; coal;...
- WTI (West Texas Intermediate)
More natural gas rigs are now operating in the United States...
- Brent
Nov 13, 2021 · Crude oil prices have climbed more than 60% this year amid strong demand and snarled supply chains, prompting President Joe Biden to pressure Saudi Arabia and other exporters to ramp up oil...
- Dan Eberhart
Nov 9, 2021 · Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, the highest in seven years.
Jan 13, 2021 · Indicators suggest a recovering oil market with potential for higher, yet moderate, prices in the short term. However, demand, supply, and uncertainties in U.S. policy toward Iran could change 2021 market and price conditions.
Jul 7, 2023 · EIA increases oil price forecast following OPEC+ production cut extension. March 6, 2024. Reduced refinery activity puts upward pressure on gasoline and diesel prices. February 29, 2024. The United States remained the largest liquefied natural gas supplier to Europe in 2023. February 28, 2024.
Nov 2, 2021 · Crude oil prices increased sharply in 2021Q3 and continued rising in October, driven by increased demand, weather-related supply disruptions, and restrained production by OPEC and its partners (OPEC+).
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Crude oil prices are the primary driver of petroleum product prices. Updated: Monthly | Last Updated: 06/11/2024. Gasoline and crude oil prices tend to move together, with some episodes where gasoline breaks away, typically due to refinery outages or other downstream events.
