Web2 days ago · Brent and WTI rose 2% on Wednesday to their highest in more than a month as cooling U.S. inflation spurred hopes that the U.S. Federal Reserve will stop raising interest rates. WebJul 8, 2024 · The oil price (Dated Brent) averaged $41.84/bbl in 2024 – the lowest since 2004 Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 million b/d), the EU (-1.5 million b/d) and India (-480,000 b/d). China was virtually the only country where consumption increased (220,000 b/d).
US Plans to Refill Strategic Reserve If Advantageous to Taxpayers …
WebApr 12, 2024 · U.S. crude and international benchmark Brent futures are currently above $80 per barrel. The benchmarks traded between $67-$72 a barrel in March before OPEC+ announced surprise additional oil production cuts this month that sent prices about $5 a barrel higher. "We cannot sell and take in (crude oil) at the same time," Granholm said. WebOil demand in 2024 was 3.7 Mb/d below 2024 levels on average. Much of this weakness was concentrated in aviation-related oil demand, which was more than 2.5 Mb/d (33%) below … overcrowding of jails
OPEC : OPEC Share of World Crude Oil Reserves
WebApr 11, 2024 · EIA expects U.S. gasoline prices to average around $3.50 per gallon (gal) this summer, peaking between $3.60/gal and $3.70/gal in June. EIA estimates that U.S. gasoline production will increase more than gasoline consumption in 2024, which would result in higher gasoline inventories, lower prices, and higher exports compared with 2024. WebSource: OPEC Annual Statistical Bulletin 2024. According to current estimates, 80.4% (1,241.82 billion barrels) of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil … WebApr 12, 2024 · Oil prices rose 2% on Wednesday to their highest in more than a month as cooling U.S. inflation data spurred hopes that the Federal Reserve is getting closer to ending its cycle of interest-rate ... ram 3500 longhorn dually