According to the majority (53%) of respondents to Bloomberg Intelligence’s February oil-price survey, Brent oil is expected to be above $80 a barrel at the end of 2024 – the...
...like Brent especially. And we are convinced that this is a very important reason for why the global oil market is as tight as it is.” Switching to ‘cheap oil’...
...is a graph which shows the price of Brent Crude throughout 2022. With data supplied by The Oil Market Journal, the markers highlight some of the key events throughout the...
...serve the energy transition. It comes as US crude oil prices continued to drop reaching the historic low on Monday evening, while the international benchmark Brent crude fared better with...
This month once again saw the price of Brent crude hit $70 a barrel – it’s highest level in two months. Having first recovered to pre-pandemic levels in February of...
...2% as a result. “As a domestic distribution network of refined product, opposed to crude, the wider impact on global oil prices was lessened, for example Brent crude prices increased...
...each other. A fall in the Dow Jones to 18,000 would likely result in Brent Crude falling to $25/b” On that day, the Dow Jones Industrial Average fell to 18,213...
...staggering 22mbbpd of oversupply in April as OECD economies headed into lockdown and OPEC+ cuts dissolved. Demand fell to 78mmbpd and Saudi Arabia pumped an additional 1.6mmbpd, driving Brent down to...
...oil prices began moving higher, with ICE Gasoil pushing above $1,000/t. and ICE Brent Crude peaking at $95.55/b. ARA diesel inventories began falling below long-term averages as the reality of...
...price and a supercycle that BI deems misplaced. Calls for Brent to hit $100 a barrel — a level last seen in 2014 — look overoptimistic to BI in the...
