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2024-08-13 Economy
Brent crude oil exceeds $82 for the first time since July 26
Direct Translation via Google Translate. Edited.
[Regnum] The price of October futures for Brent crude oil exceeded $82 for the first time since July 26. This is evidenced by data from the London ICE exchange from August 12.

As of 21:23 Moscow time, the price of Brent oil was $82.06 per barrel (+3.01%). Then the growth slowed down and the futures price reached $81.92 per barrel by 21:38 Moscow time.

WTI crude oil futures for September delivery also rose to $79.08 per barrel (+2.73%).

As reported by Regnum News Agency, global demand for oil will continue to grow, Rosneft CEO Igor Sechin noted on June 8 during his speech at the St. Petersburg International Economic Forum. He voiced the OPEC+ forecast, according to which primary demand for oil will grow by almost 20%, to 116 million barrels per day by 2045. Oil will continue to account for about 30% of the global energy balance, Sechin summed up.

On July 23, at a meeting with the Chairman of the Accounts Chamber, Boris Kovalchuk, Russian President Vladimir Putin stated that the share of oil and gas revenues in the budget is growing.

Posted by badanov 2024-08-13 00:00|| || Front Page|| [11131 views ]  Top

#1 So it’s the same price as 19 days ago?
Posted by Thing+From+Snowy+Mountain 2024-08-13 00:08||   2024-08-13 00:08|| Front Page Top

#2  So it’s the same price as 19 days ago?

It is not as dramatic if you put it like that.
Boring Historical Price chart
Posted by SteveS 2024-08-13 00:34||   2024-08-13 00:34|| Front Page Top

#3 A chart for the past 10 years shows the interesting price crash during the peak of the COVID panic (WTI not Brent).
Posted by Lord Garth  2024-08-13 10:08||   2024-08-13 10:08|| Front Page Top

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