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How will you remember 2017? Today we recall the 20 most notable data stories of 2017 from Knoema's Viz of the Day series.

 

Revisit 2016 with our The Best Viz of the Days, 2016 special edition.

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The Most Attractive Markets: Understanding China's Market Potential

Corporate growth strategies typically include some combination of deepening existing market penetration and new product and market development. New market entry through acquisitions, greenfield investment, joint venture or other forms are considered generally to be the most controllable ways to drive business growth. And, many emerging markets, such as Brazil, India, Argentina, with their growing middle-classes are attractive targets for these growth strategies.   With the ever-increasing complexity underlying trade openness, regulatory, and tax systems, among other factors globally, identifying the best target markets for a specific...

Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030

Brent crude oil price will average at $63.4 per barrel in 2018 and decrease to $62.7 per barrel in 2019 according to the most recent forecast from the U.S. Energy Information Administration's Short-Term Energy Outlook released monthly. EIA revised up its forecast for 2018 by 2.5 dollars per barrel from the previous release. However, the real price of a barrel of Brent oil - i.e. price adjusted for inflation - will slightly increase to $60 in 2018 as predicted by OECD in its November's Economic Outlook. After a modest growth in 2018 though, the nominal price of Brent crude will increase to $51.8 a barrel by 2020, as per IMF's Primary...

OPEC Crude Oil Prices

Oil producers market more than 160 unique crude oils today, each varying from light to heavy, with different sulfur levels and other chemical attributes that affect price and market. Only a few individual crudes—particularly Brent and West Texas Intermediate (WTI)—serve as industry benchmarks. The OPEC Reference Basket (ORB) is another common benchmark.The ORB represents a weighted average of prices for the petroleum blends produced by the 14 member states of the Organization of the Petroleum Exporting Countries (OPEC). The members are: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi...

Cost of Oil Production by Country

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 is less than 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...