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- From June 8 through the remainder of 2022, crude oil prices generally decreased as concerns about a possible economic recession reduced demand. High petroleum prices were one cause of persistent broad-based inflation in 2022 that affected consumer budgets and gasoline demand.
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Jan 4, 2023 · From June 8 through the remainder of 2022, crude oil prices generally decreased as concerns about a possible economic recession reduced demand. High petroleum prices were one cause of persistent broad-based inflation in 2022 that affected consumer budgets and gasoline demand.
- Brent
March 4, 2022 Crude oil prices rise above $100 per barrel...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- Brent
Nov 28, 2022 · Key Points. Oil prices were briefly negative for the year Monday, a surprising turnaround from projections that crude could be in short supply and selling at much higher prices. For...
Dec 9, 2022 · Why the price of oil has dropped despite new constraints on Russian supply. Crude settles at lowest level of 2022 after European embargo and G7 price cap take effect. An oil tanker in...
Aug 17, 2022 · Experts have said that a major reason that oil prices have declined is because oil traders fear that major economies worldwide may be headed for an economic downturn that could reduce...
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Dec 7, 2022 · HOUSTON, Dec 7 (Reuters) - The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia's invasion of Ukraine exacerbated the worst global...
Sep 23, 2022 · The U.S. benchmark oil price tumbled below $80 a barrel on Friday for the first time since January as traders grew increasingly worried that much of the world was headed into a recession or was...
