Oil Spot Price was in 2008 when prices for WTI Crude reached as high as $145.31/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of WTI Crude fell as much at 70% off highs in January of 2009...
Level Chart View Full Chart 1m 3m 6m YTD 1y 3y 5y 10y Max Select area to zoom Created with Highcharts 11.1.0May '24Jul '24Sep '24Nov '2481.00M81.50M82.00M82.50M81.92M Historical Data View and export this data back to 1973.Upgrade now. ...
The IEA issued its outlook for the energy sector. Overall, global demand remains strong with daily demand at 101.9 million barrels, a 2.3 million barrel per day increase from 2022. In recent months, there has been some signs of North American gasoline de
StanChart projects Brent prices might reach an average of $93/bbl in Q4, possibly even eclipsing $100/bbl. However, there's a cautionary note: John Kemp of Reuters indicates that India's slowing oil demand could exert downward pressure on prices. On the supply front, while OPEC+ reduced ...
EIAcrude oil production increased demand data of 17.6497 million b/d for the week ending June 9, with a previous value of 18.865 million b/d.
Furthermore, I expected global oil demand to return to pre-pandemic level of 101 million barrels a day (mbd) by the middle of this year. It doesn’t need Einstein to tell you that oil prices will continue their upward trend until they reach $100 in the second half of 2022 or the ...
The Saudis and OPEC may not be in a cooperative mood in 5 years, thus the price of oil could rocket. Remember that EVs will only solve perhaps 10% of oil usage, so the public has been mislead about the source of oil demand and our supplies. This means we could have a severe crisis...
The average demand growth for the second quarter was 1.521 mb/d y/y, close to StanChart’s forecast for 2024 full-year growth (1.514 mb/d). Meanwhile, global crude supply growth remains muted, with June supply increasing by 160 kb/d m/m to 102.097 mb/d, well below December 2023’s...
Inflation-Adjusted Crude Oil Price Chart with nominal Crude oil prices and Crude Oil Prices adjusted for inflation in November 2023 dollars.
As seen in the mustard oil price chart, seasonal demand patterns and oil mills' strategic hoarding in anticipation of winter caused price swings in India's mustard oil market in Q4 2024. As demand inflated over the holiday season and consumption increased in northern states, prices spiked in Oc...