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Oil increased nearly 4 percent over three days preceding February 12. On that day, oil fell more than 2 percent, despite higher U.S. inflation, due to the prospect of peace between Russia and Ukraine improving oil supplies. Also, U.S. crude stocks increased. Brent finished the day at $75.18 and WTI at $71.37.
WTI ended 2020 at $48.52, down 20.5 percent in its second down year in three years but up 7 percent for the month and more than 20 percent for the quarter. Brent finished at $51.80, down 21.5 percent for the year but up 8.9 percent for December and 26.5 percent for the quarter. A weak dollar and lower than expected U.S. inventories kept oil ...
The chart below shows the types of products and relative quantities that made up the bulk of our petroleum imports last year, not including crude oil. Source: EIA 2.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Below is a collection of 10 charts that tell the story of market and economic resiliency in 2024 — with all eyes set on 2025. ... year for stocks, another history-setting event took place: the ...
The MOU provides for a $3.5-billion joint venture to develop and upgrade roughly 200,000 bbl/d (32,000 m 3 /d) of crude oil from the country's 270-billion Orinoco Heavy Oil Belt. The project will produce 9° API gravity crude oil in the Hamaca region and upgrade it to 25° API for export to U.S. refineries.
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...