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Economy
Brent crude oil exceeds $82 for the first time since July 26
2024-08-13
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.
Related:
Brent crude 01/03/2024 Red Sea attacks send oil prices higher over fears of shipping disruptions
Brent crude 06/05/2023 Saudi Arabia to sharply slash oil output in bid to pump up prices
Brent crude 04/04/2023 Oil prices surge after surprise move to cut output

Posted by:badanov

#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  

#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  

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

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