Search results
Results from the WOW.Com Content Network
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The US Energy Information Administration attributes the price spread between WTI and Brent to an oversupply of crude oil in the interior of North America (WTI price is set at Cushing, Oklahoma) caused by rapidly increasing oil production from unconventional reservoirs such as Canadian oil sands and tight oil formations such as the Bakken ...
The EIA now expects spot Brent crude prices to average $73.58 a barrel in 2025, down from its previous forecast of $76.06 per barrel. U.S. WTI spot prices will average $69.12 per barrel in 2025 ...
US crude oil production initially peaked in 1970 at 9.64 million barrels (1,533,000 m 3) per day. 2018 production was 10.99 million barrels (1,747,000 m 3) per day of crude oil (not including natural gas liquids). [42] Pennsylvanian oil rush; Office of Naval Petroleum and Oil Shale Reserves; Petroleum Administration for Defense District; Texas ...
Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years to come, a JPMorgan analyst warns. ... A barrel that today costs $100 is the ...
Instead, I've created this graph, which uses all available monthly average Brent spot prices from this EIA spreadsheet and the United States Consumer Price Index for All Urban Consumers (CPI-U), seasonally adjusted, from here (This is a direct link; but there may be a better one). The monthly numbers and limited date range give good detail, and ...
Science & Tech. Shopping. Sports
U.S. Energy Information Administration: World Crude Oil Prices Archived 2008-11-10 at the Wayback Machine; BP Crude Grades; Intertek: Crude Oil Grades and Types; MeGlobalOil: Carriage of Heavy Grade Oil; Statoil.com: Crude oil assays; EnergyIntel.com: The Crude Oils and their Key Characteristics; Capline system crude oil properties and quality ...