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1. • Expected to be softer

     • Prices for crude oil are expected to be softer in the early part of 2022 when compared to the strong 2021 values as a whole.
     www2.deloitte.com/ca/en/pages/press-releases/articles/easing-of-crude-oil-prices-in-early-2022.html

     Deloitte Canada predicts an easing of crude oil prices in ...

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   Will crude oil prices be softer in 2022?

   • Calgary, January 5, 2022 – Prices for crude oil are expected to be softer in the early part of 2022 when compared to the strong 2021 values as a whole.

   Deloitte Canada predicts an easing of crude oil prices in early 2022

   www2.deloitte.com/ca/en/pages/press-releases/articles/easing-of-crude-oil-prices-in-early-2022.html

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   Why did oil prices go up in 2022?

   • Upward revisions to our demand estimates and a slightly lower outlook for world oil supply have tightened our balances for 2022, although they still show a 1Q22 surplus. Robust demand, unscheduled supply outages and strong stock draws in December pushed benchmark oil prices to seven-year highs.

   Oil Market Report - January 2022 – Analysis - IEA - International Energy …

   www.iea.org/reports/oil-market-report-january-2022

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   Will a drop in crude oil prices continue in 2021?

   • “The drop in crude oil prices we started to see in the final weeks of 2021 will likely continue for a while as more supplies flow into the system,” said Andrew Botterill, national Oil, Gas & Chemicals leader at Deloitte Canada.

   Deloitte Canada predicts an easing of crude oil prices in early 2022

   www2.deloitte.com/ca/en/pages/press-releases/articles/easing-of-crude-oil-prices-in-early-2022.html

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   What is the short-term Energy Outlook for 2022?

   • According to the U.S. Energy Information Administration's November Short-Term Energy Outlook (STEO), rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022.

   U.S. Energy Information Administration - EIA - Independent Statistics

   www.eia.gov/todayinenergy/detail.php?id=50396

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3. www.wealthprofessional.ca › news › industry-newsSofter months ahead for Canadian oil predicts Deloitte

   www.wealthprofessional.ca › news › industry-news

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   Jan 7, 2022 · Crude oil prices are expected to be subdued in the early months of 2022 compared to the relative strength of 2021. That’s according to a report from Deloitte which cites growing global supply as investment returns to the sector, together with demand concerns due to the pandemic, especially with the new variant.

4. Videos

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     youtube.com

     Crude Oil Prices Edge Up On Softer Dollar & Supply Cuts From Canada & OPEC+ Producers, Gold Recovers

     May 21, 2023

     513 Views

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     msn.com

     Crude Oil Prices Edge Up On Softer Dollar & Supply Cuts From Canada & OPEC+ Producers, Gold Recovers

     May 21, 2023

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     finance.yahoo.com

     Oil is ‘oversold,’ will move higher in 2022, strategist says

     Dec 16, 2021

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5. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

   www.eia.gov › todayinenergy › detail

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   The WTI price followed a similar path as the Brent crude oil price in 2022, averaging $5/b less than the Brent crude oil price, compared with $3/b less in 2021. The Brent-WTI crude oil spread (the difference between the two prices) increased in 2022 relative to 2021 because European countries needed to replace crude oil supplies they were importing from Russia with crude oil from another source.

6. www.eia.gov › todayinenergy › detailEIA forecasts crude oil prices will decline during 2022

   www.eia.gov › todayinenergy › detail

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   Nov 18, 2021 · In our November Short-Term Energy Outlook (STEO), we forecast that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022. We estimate world crude oil consumption exceeded crude oil production for five consecutive quarters, starting in the third ...

7. www.iea.org › reports › oil-market-report-january-2022Oil Market Report - January 2022 – Analysis - IEA

   www.iea.org › reports › oil-market-report-january-2022

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   Jan 19, 2022 · We have raised our global demand estimates by 200 kb/d for 2021 and 2022 – resulting in growth of 5.5 mb/d and 3.3 mb/d, respectively – due to softer Covid restrictions. World oil supply in 2022 has the potential for a Saudi-driven gain of 6.2 mb/d if OPEC+ fully unwinds its cuts.

8. www.nytimes.com › oil-pricesAs Oil Falls Below $90, Where Do Prices Go From Here? - The ...

   www.nytimes.com › oil-prices

   Aug 15, 2022 · Aug. 15, 2022. When Russia invaded Ukraine last spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and transportation...

9. www.cbc.ca › news › businessHigh gas prices, oilpatch labour crunch, pipeline friction ...

   www.cbc.ca › news › business

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   Jan 11, 2022 · Fuel prices surged as demand and economic activity began returning from the pandemic lows that had spurred oil production cuts around the globe. Here's what will cost more — and less — in 2022