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Jan 2, 2024 · In the first half of 2023, crude oil prices fluctuated following the EU import ban on Russia’s crude oil and products, several interest rate hikes among global central banks, and inflation and recession concerns. However, Brent crude oil prices in the first half of 2023 were significantly less volatile than in 2022, when prices reached multi-year highs as a result of Russia’s full-scale ...
- Short-Term Energy Outlook
The daily spot price of Brent crude oil averaged $82 per...
- Short-Term Energy Outlook
Brent crude oil futures rose to around $73.5 per barrel on Thursday, as heightened geopolitical risks outweighed concerns over growing US crude supplies. On Wednesday, Ukraine launched Western-supplied long-range weapons for the second time, a day after President Putin approved an updated nuclear doctrine that expands the conditions for using nuclear weapons.
Jan 9, 2024 · The daily spot price of Brent crude oil averaged $82 per barrel (b) in 2023, in line with the $83/b expectation for the year we laid out in our January 2023 Short-Term Energy Outlook (STEO). Although those prices were close to the 2023 forecast on an annual basis, the Brent price was generally lower than our January forecast during the first half of the year and greater than our January ...
Oct 15, 2024 · Global crude inventories currently stand at 4.4 billion barrels — the lowest on record since January 2017 and markedly below last year’s levels, when Brent was trading at $92/bbl. Meanwhile, both OECD crude and liquids inventories sit below their five-year range and five-year averages, and oil stocks at Cushing are severely depleted by the standards of the last 15 years.
- J.P. Morgan
Dec 29, 2023 · Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents or 0.14%. U.S. West Texas Intermediate crude settled at $71.65 a barrel, down 12 cents or 0.17%.
- Nicole Jao
Sep 14, 2023 · Brent crude rose $1.82, or 1.98%, to settle at $93.70, after touching $93.89, its highest since November 2022. ... (OPEC) issued updated forecasts of solid demand and also pointed to a 2023 supply ...
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Aug 11, 2023 · North Sea Dated rose by $10/bbl over the month to around $85/bbl, its highest since April. With output cuts hitting the heavy sour crude market hard, Dubai crude is trading at a rare premium to Brent, while the price of Urals crude has breached the G7-led price cap now making all Russian oil exports ineligible for G7 and EU maritime services.
