Last week, February WTI crude oil … Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. consumption/demand Previous day close: 51.09, changed by -0.38, -0.74%. It regulated prices. Regional energy information including dashboards, maps, data, and analyses. Crude Oil Weekly Price Forecast – Crude Oil Race Towards Resistance. Open outcry trading is conducted from 10:00 A.M. until 2:30 P.M. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Brent oil price forecast for tomorrow, this week … U.S. average regular gasoline and diesel prices increase. Release date: January 6, 2021  |  Next release date: January 13, 2021, Download data  |  Past Weeks in Petroleum  |  Release schedule Price Day Weekly Monthly YTD Date; Crude Oil. Wholesale heating oil prices averaged $1.60 per gallon, almost 1 cent per gallon below last week’s price and nearly 57 cents per gallon lower than last year. Wholesale propane prices averaged more than $0.89 per gallon, almost 6 cents per gallon higher than last week’s price and more than 23 cents per gallon above last year’s price. Reports requested by congress or otherwise deemed important. In April, U.S. crude oil production averaged 12.0 million b/d, down just 0.7 million b/d (6%) from March. Uranium fuel, nuclear reactors, generation, spent fuel. Gulf Coast, Midwest, Rocky Mountain/West Coast inventories decreased by 1.5 million barrels, 1.1 million barrels, and 0.4 million barrels, respectively. Maps, tools, and resources related to energy disruptions and infrastructure. The Gulf Coast price remained unchanged at $1.93 per gallon. Conversion Oil (Brent) Price Price; 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (Brent) Price Per 1 Ton 380.37 USD 1 Barrel = 42 Gallons As of January 4, 2021, residential heating oil prices averaged $2.46 per gallon, more than 2 cents per gallon above last week’s price but nearly 66 cents per gallon lower than last year’s price at this time. International energy information, including overviews, rankings, data, and analyses. As a result of responses to the pandemic, demand for petroleum products fell sharply in early 2020. The current price of WTI crude oil as of December 31, 2020 is $48.52 per barrel. | Tags: Drilling Rigs, Baker Hughes, Oil Platforms, Petroleum Industry, Oil, Oil Prices, Oil … USD/Bbl. Oil prices posted their seventh weekly gain as the rollout of the vaccination and ongoing negotiations in Washington, D.C., on a relief package added to optimism about the future of oil demand. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. , inventories/stocks USD/Bbl. Jet fuel demand reached an annual low of 558,000 b/d (four-week rolling average) on May 29 (down 69% from the same period in 2019). EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Christopher Lewis. Print. In light of the weak demand and rising inventories globally, on April 9, OPEC+ agreed to reduce their crude oil production beginning in May. Oil prices post weekly gain ahead of OPEC+ meeting. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. WTI Crude Oil Prices - 10 Year Daily Chart. U.S. Residential propane prices averaged almost $2.01 per gallon, nearly 4 cents per gallon above last week’s price and less than 1 cent per gallon above last year’s price. The East Coast and Gulf Coast prices increased nearly 1 cent to $2.67 per gallon and $2.40 per gallon, respectively, the Midwest price increased nearly 1 cent, remaining virtually unchanged at $2.59 per gallon, and the West Coast price increased less than 1 cent to $3.12 per gallon. Supported by increasing petroleum product demand and crude oil stock draws, crude oil prices rose in the second half of 2020. , prices In the crude oil storage hub of Cushing, Oklahoma, crude oil inventories rose by 27.0 million barrels (70%) between March 13 and May 1, reaching an annual high of 65.4 million barrels, 83% of the working storage capacity. Across all of 2020, the price for WTI averaged $39/b, the lowest in nominal terms since 2003, and the price for Brent averaged $43/b, the lowest in nominal terms since 2004. Announces Launch of Initial Public Offering, United States Industrial Pump Market Report 2020-2027: Demand for Chemicals is Expected to Fall Drastically, which will Further Hinder Market Growth, Gen III Provides Update on Definitive Agreement and Relationship with the Super Major, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec. Two business days after last trading day. Responding to the drop in demand in the first part of 2020, U.S. refiners curtailed operations, and between March 13 and May 8, four-week average gross refinery inputs fell 20% to 13.1 million b/d, the lowest level since September 2008 when Hurricanes Gustav and Ike disrupted refineries along the U.S. Gulf Coast. Oil prices have surged this week on hopes that an effective coronavirus vaccine could be approved before the end of the year. On the weekly chart below, oil … Get updated data about energy and oil prices. Posted in Weekly Rig on Friday, January 1, 2021 2:30 pm. Weekly Average Retail Heating Oil Price Survey Prices aggregated from Massachusetts Department of Energy Resources telephone surveys of full-service oil dealers who service Massachusetts households; not inclusive of any discounts offered for cash payments and based on the average winter fill-up 100-150 gallons/fill-up or more. Energy news covering oil, petroleum, natural gas and investment advice This Week in Petroleum RSS feed, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS).   That's about $20/b to $40/b when adjusted for inflation. Brent crude … In April, global demand for liquid fuels fell to 80.6 million barrels per day (b/d), the lowest level since May 2004 and 20.3 million b/d lower than April 2019 demand. Maps by energy source and topic, includes forecast maps. Energy use in homes, commercial buildings, manufacturing, and transportation. Greenhouse gas data, voluntary reporting, electric power plant emissions. The East Coast price increased more than 2 cents to $2.22 per gallon, and the West Coast price increased nearly 2 cents to $2.81 per gallon. (Bloomberg) -- Oil rose for a fifth straight week with support from an OPEC+ deal and hopes for another round of U.S. stimulus. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. The Midwest price decreased by nearly 2 cents to $2.15 per gallon, and the Rocky Mountain price decreased by less than 1 cent, remaining virtually unchanged at $2.19 per gallon. To see all exchange delays and terms of use, please see disclaimer. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. The Heating Fuel Prices Dashboard provides New York residents and businesses with objective information on residential retail heating fuel pricing in New York State and by region. All market data is provided by Barchart Solutions. Find many more charts, quotes and news from TradingCharts. In the United States, the four-week rolling average gasoline demand (measured by product supplied) fell to 5.3 million b/d on April 24, down 44% year on year. Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. The United States was the world's dominant oil producer at that time. Futures in New … The Rocky Mountain price decreased by less than 1 cent, remaining virtually unchanged at $2.59 per gallon. 0. comments. Short, timely articles with graphics on energy, facts, issues, and trends. Inflation-adjusted oil prices reached an all-time low in 1998 (lower than the price in 1946)! , oil/petroleum U.S. commercial crude oil inventories reached a record high of 540.7 million barrels on June 19, up 87.0 million barrels (19%) since the national emergency was declared on March 13. Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. 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Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma Other Formats Annual, Not Seasonally Adjusted Monthly, Not Seasonally Adjusted Weekly, Not Seasonally Adjusted Oil Prices in the 1960s and 1970s . 2 Heating Oil Wholesale Price Dec 2020 1.569 USD/gal 17.79% US Propane Retail Price Dec 2020 1.924 USD/gal 4.34% US Propane Wholesale Price Dec 2020 0.779 USD/gal 13.72% US Residential Heating Oil Price Wk of … Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. U.S. crude oil production was also relatively low in the second half of 2020. Advertise with Us  |  Subscriber Login  |  Contact Us. , production/supply, Sign up for email updates Today's range: 50.71-50.81. Crude oil production in the United States did not decline as quickly as refinery runs. Sign up for email subcriptions to receive messages about specific EIA products. Read full article. The U.S. average diesel fuel price increased nearly 1 cent, remaining virtually unchanged at $2.64 per gallon on January 4, almost 44 cents lower than a year ago. Tags: FILE PHOTO: The sun is seen behind a crude oil … 2 Heating Oil Residential Price Dec 2020 2.375 USD/gal 8.80% US No. New feature articles of This Week in Petroleum will return on January 6, 2021. Futures rose 5% in New York this week for a third straight weekly gain as Pfizer Inc. and BioNTech SE . In the United States, commercial crude oil stocks fell to 485.5 million barrels the week ending January 1, 2021, down from the record high of 540.7 million barrels reached on June 19, 2020. Prices plummeted in the second quarter, with one day in April even closing at $9/b for Brent prices internationally and … The price of WTI climbed to $40/b on July 1 and from July through August traded within a range of $4/b. Futures: at least 10 minute delayed. Distillate demand did not fall as much as gasoline or jet fuel demand, falling 20% from the same period in 2019 to an annual low of 3.0 million b/d (four-week rolling average) on May 1 (Figure 2). Maps providing prices (in euros) for diesel oil and euro-super 95 in all EU countries. Oil price charts for Brent Crude, WTI & oil futures. Energy & Financial Markets: What Drives Crude Oil Prices? Home Heating Oil Prices Weekly Prices, 2019-2020 and Heating Fuel Prices Dashboard; Historical Prices, 1997-2020 [XLS] Monthly Prices, 1997-2020; Heating Fuels Report ; Annual Prices, 2002-2016 [PDF] New York State Energy Research and Development Authority. Posted on November 27, 2020. The following This Week in Petroleum articles were originally published throughout 2020. WTI crude oil prices may be setting the foundations for a further push to the upside heading into the last few weeks of 2020. Concerned about privacy? Statistical Methodology of Estimating Petroleum Exports Using Data from … In the first half of 2020, responses to the COVID-19 pandemic led to steep declines in petroleum demand, highly volatile crude oil markets, and rising U.S. and global liquid fuels inventories. Brent Oil Price equal to 50.71 Dollars per 1 barrell. The prices shown are in U.S. dollars. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. This Week in Petroleum: Best of 2020. In January 2020, the first case of COVID-19 in the United States was confirmed, and on March 13, the President declared a national emergency. US No. Find natural gas, emissions, and crude oil price changes. A map is also provided for the percentage of taxes in the fuel price. Oil prices started strong this year at $64/b in January. In the first half of 2020, EIA estimates global liquid fuels stocks built at an average of 6.5 million b/d and reached a high of 19.7 million b/d in April, the largest stock build in EIA data, which dates back to 1993. OECD crude oil and liquid fuels inventories began increasing rapidly in March and reached a record high of 3.2 billion barrels in July. EIA does not collect data on global petroleum inventory levels, but data on inventories are available for countries in the Organization for Economic Cooperation and Development (OECD) and can indicate global trends. Crude oil prices & gas price charts. The current month is updated on an hourly basis with today's latest value. In November 2020, crude oil prices rose as markets responded to the positive news of several potential vaccines for COVID-19, and WTI and Brent closed the year at $49/b and $52/b, respectively. Exploration and reserves, storage, imports and exports, production, prices, sales. The current price of WTI crude oil as of January 04, 2021 is $47.62 per barrel. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, 2005-2016, Energy-Related Carbon Dioxide Emissions at the State Level, through 2017, Quarterly Coal Report (QCR)—Third-Quarter 2020, Quarterly Coal Distribution Report (QCDR)—Third-Quarter 2020, Monthly Crude Oil and Natural Gas Production ›, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, All petroleum & other liquids data reports, ‹ See all Petroleum & Other Liquids Reports. U.S. propane/propylene stocks decreased by 2.4 million barrels last week to 72.8 million barrels as of January 1, 2021, 2.0 million barrels (2.7%) less than the five-year (2016-2020) average inventory levels for this same time of year. Latest Automotive gas oil (diesel oil) map Latest Euro-super 95 map Latest Taxation share in the consumer price of Euro-Super 95 and diesel oil All Weekly Oil Maps since 2010 Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. The U.S. average regular gasoline retail price increased nearly 1 cent to $2.25 per gallon on January 4, almost 33 cents lower than the same time last year.  |  Includes hydropower, solar, wind, geothermal, biomass and ethanol. OPEC crude oil production averaged 24.3 million b/d in the second half of 2020, down from 27.0 million b/d in the first half of the year and 4.6 million b/d less than production in the second half of 2019. MANILA, Philippines — Petroleum companies are hiking pump prices anew, with Unioil Philippines saying in its forecast that the increase is to be expected this week… ... where traders bet on the price of oil in different … In the second half of 2020, petroleum demand recovered while global crude oil production remained low, resulting in an estimated 2.8 million b/d draw on global liquid fuels stocks, and contributing to OECD inventories falling to 3.0 billion barrels in December. A plunge in the U.S. Dollar to a two-year low against a basket of currencies also led to increased foreign demand for dollar-denominated crude oil. Domestic oil … Financial market analysis and financial data for major energy companies. The steep decline in demand and refinery runs, combined with shallower declines in crude oil production, contributed to a significant increase in oil inventories (Figure 3). State energy information, including overviews, rankings, data, and analyses. East Coast inventories increased by 0.6 million barrels. The American WTI Oil Price here. The rally is starting to look premature. Conversion Oil (WTI) Price Price; 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 … The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Oil futures climbed Wednesday, with U.S. prices ending above $50 a barrel for the first time in 11 months, as weekly U.S. crude supplies dropped by 8 million barrels, down a fourth straight week. The Dashboard includes current and historical residential retail price data, regional comparison, and fuel type comparisons for heating oil, kerosene, and propane. Come test out some of the products still in development and let us know what you think! 49.9700 2.35 4.93% 4.10% 9.20% 2.99% Jan/05 Brent. 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