У вас есть несохраненные страницы. Восстановить Отмена

Oil prices grew by 1.1 percent in September modestly rebounding from a 7 percent drop in July. Since January, when the price of Brent crude reached a 12-year low, oil prices have rebounded by 50 percent and nearly reached last year's average of $46.99 per barrel. Barring any market surprises, a further recovery of oil prices hinges on a reduction of oil production by OPEC member states in the fourth quarter.

Fluctuations in global crude oil prices have always been the focus of the economic and financial news. The higher crude oil prices rise, the more positive is the economic outlook for petroleum exporters. In contrast, countries dependent on petroleum imports suffer to varying degrees from those same higher prices as import bills increase. Estimates for the price per barrel for crude oil from leading financial and multilateral institutions are thus closely monitored by governments, investors, and consumers alike.

Leading international agencies made the following oil price predictions during the first half of this year:

  • The World Bank in its July commodity forecast report estimated that the average spot price for crude oil will fall slightly further in 2016 to $43/bbl from $51/bbl in 2015. This is a revision of the Bank's earlier 2016 forecast of $41/bbl and takes into account supply disruptions in Canada and Nigeria during the second quarter as well as strong demand.
  • The IMF's June report revealed a similar expected decline from $51.6/bbl in 2015 to $43.6/bbl in 2016, based on demand projections, supply outages and a modest rebound in the number of rotary rigs in the US.
  • Global crude oil price forecasts from the OECD and the Economist Intelligence Unit (EIU) are also provided in our visualizations below. The OECD in June published a forecast that shows 2017 oil prices flat at $50 per barrel. In contrast, according to the April estimate from the EIU, oil prices will go up in 2017, because oil consumption will outstrip production.

View more energy statistics and visualizations related to energy, including the estimated breakeven cost of oil production by countrynatural gas price dynamics and insights from the BP Energy Outlook 2035, or dive deeper into historical commodity prices from the World Bank and IMF or commodity price forecasts.

You can also explore with Knoema a variety of other critical commodities, including:

gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil

As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.

Download our latest ENERGY cheat sheet Download

Download our latest ENERGY cheat sheet

It's a one pager PDF full of live links to energy-related data, statistics, and dashboards from leading industry sources. It will be a useful resource for any analyst, business executive, or researcher with an interest in the oil & gas industry, energy companies, biofuels and much more.

Поделиться на Facebook Поделиться на Twitter Поделиться на Google+

Материалы по теме

Natural Gas Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Autumn and winter are traditionally characterized by the growth in energy consumption and, thus, in prices for energy products. Still, natural gas prices in the US, Europe, and Japan showed different dynamics in November. Thus, the spot price of natural gas at Henry Hub, US, fell by 15.2% in November compared to the previous month. This decline - which was the sharpest monthly drop since December of 2014 - interrupted a period of steady growth lasting from April. On the contrary, in Europe, average import border price of natural gas surged by 14.4% - the most dramatic monthly increase over the last 17 years. What for the import price of...

Coal Prices Forecast: Long Term 2017 to 2030 | Data and Charts

2016 was an exceptional year for coal prices. The period of decline which began in 2011, was interrupted by the rapid growth. Coal prices grew by 7-10 percent in November continuing a 24-29 percent growth in October. Since January, when the price of coal reached a 10-year low, coal prices have rebounded by about 100 percent. This situation is attributable to several factors. First, it is the consequence of an implemented policy in China which aimed at reducing harmful emissions. China is the largest coal consumer and coal producer at the same time. The reduction in own-grown production led to the increase in coal imports. Second, not only...

Nickel Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Nickel prices grew by 8.5 percent in November continuing a medium-term growth. Since February, when the price of nickel reached a 13-year low, nickel prices have rebounded by 34 percent and averaged at $11,128.9 per metric ton.The price of Nickel is the indicator of a situation in different industries such as steel and car production. Because of nickel is a very popular component of alloys. The previous year was not very calm for the nickel market. The new direction of politics in China and ecological problems in the Philippines reduced the supply of nickel. Some of the economists expect nickel deficit and high prices as a result. The price...

Aluminium Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Aluminum price grew by 4.3 percent in November 2016 compared to the previous month and by 17.3 percent from a year ago. The price of aluminum rose to record levels since June 2015, well over $1737 per metric ton. Such growth was driven by the significant decline of production in February 2016 when total production of aluminum fell to 4,184,000 metric tons from 4,729,000 metric tons in January 2016. This situation is related to some extent to politics in China and higher prices of coal and other energy products. At this time, aluminum production in China reduced to 2,070,000 metric tons. It is the lowest value since 2013. However, by...