Stacked with data from leading publications, international authorities, and more, Knoema's new industry cheat sheets provide easy, interactive access to all the indicators industry insiders rely on to stay on top of trends, industry performance, and more.
Oil prices grew by 2.4 percent in August modestly rebounding from 7% drop in July. Thus, since January, when the price for Brent crude was on the 12-years minimum, oil prices gained 50 percent and nearly reached last year's value of $46.99 per barrel. Recovery of oil prices is still supported by expectations of reduction of oil production by OPEC member states in the fourth quarter this year. Leading international agencies make the following predictions of oil prices.The World Bank estimated in its July 2016 commodity forecast report that the average spot price for crude oil will fall slightly further in 2016 to $43/bbl from $51/bbl in...
One of the most important trends of the global energy market in 2015 was the weak growth of energy consumption across the developed world. Thus, the aggregate energy consumption of OECD member states did not change as compared to 2014 while G7 countries even demonstrated 1% decline in energy consumption over 2015 with United States, Canada, and Japan being the main drivers of decline. On the contrary, energy consumption in European countries rebounded by 1.3% in 2015. The trends across key energy sectors are as follows:In the oil sector, United States overtook Russia by the oil production and approached Saudi Arabia.Electricity demand in...
The oil price has fallen by more than 30% since Summer 2014. This affected everyone from producers to consumers. The visualization represents Oil Price Dynamics, Breakeven Oil Price which shows oil prices needed to meet general government expenditure and Marginal Cost of Oil Production which shows the change in total cost of producing one additional barrel of oil.World oil price at $55-$60 / barrel exceeds the cost of Russian Arctic oil production, Europe and Brazil biofuels production, shale and tight oil production in US and Canada and offshore oil extraction in Brazil.State budgets of oil-producing countries will suffer from oil price...
Region: OECD | Americas | North America | Europe | Asia Oceania