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- In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b in 2022 and $68/b in 2023.
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Jun 3, 2022 · The price of Brent crude, the global benchmark, shot up past $124 a barrel earlier this week — its highest level since early March — after the European Union announced it would slash 90% of ...
Jul 14, 2022 · Chart 3 shows the million barrels per day change in crude oil supply for both OPEC and Non-OPEC countries from January 2022 to June 2022. OPEC crude oil supply is shown to be slowing and even shows a decrease in supply in June. Non-OPEC crude supply fell sharply in April but is starting to increase production in May and June.
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.
Feb 2, 2022 · Feb. 2, 2022. HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15 percent in...
Jun 13, 2022 · Oil prices are rising, but Canada is getting comparatively less for every barrel — here's why The next wave of electric vehicles is coming — and it could be buses, semis and other large trucks
Mar 16, 2022 · In our March 2022 Short-Term Energy Outlook (STEO), which was finalized on March 3, we increased our forecast price of international benchmark Brent crude oil to $116 per barrel (b) for the second quarter of 2022. We expect gasoline prices to average about $4.10 per gallon (gal) during the second quarter of 2022 and then decline through the ...
May 12, 2022 · As summer driving escalates and jet fuel continues to recover, world oil demand is set to rise by 3.6 mb/d from April to August. For 2022, demand is expected to increase by 1.8 mb/d on average to 99.4 mb/d.
