Oil

This page provides, in the given period, with:
  • a table showing the Brent oil prices recorded over the last 10 weeks, while the chart shows the monthly price trends over the last three years;
  • a chronological chart showing the monthly oil prices;
  • some charts that offer a price comparison of the Oil with:
See more on the page focused on Dairy Export to the main Oil producers
Note:
Since oil price may determine the purchasing power of oil producing countries (i.e. Middle Eastern States, Russia, Mexico, Venezuela...), we are of the opinion that their changes could potentially impact on these countries' willingness to buy additional dairy products such as Milk Powders and Cheddar cheese.

The reasons may be:
  • the major oil producing countries are also significant importers of the above mentioned dairy products;
  • in these countries the increase in oil price, may drive to higher willingness to buy dairy products;
  • commodity price level (for the local consumer) should not be too much higher than the current "ask" price, otherwise countries' willingness to buy dairy products could decline; at the same time high level of oil price may direct oil Purchaser toward alternative sources and as a consequence it may influence income of the oil producing countries.

Oil - Europe Brent
FOB Spot Price

92,04 $
13-Sep-2022
  92,83 $
14-Sep-2022
  89,28 $
15-Sep-2022
  89,43 $
16-Sep-2022
  89,43 $
19-Sep-2022
 
Source: U.S. Department of Energy, Energy Information Administration
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   16 Sep 2022
91,41 +1,08%
Friday   9 Sep 2022
90,43 -5,12%
Friday   2 Sep 2022
95,31 -3,60%
Friday   26 Aug 2022
98,87 +2,21%
Friday   19 Aug 2022
96,73 -7,56%
Friday   12 Aug 2022
104,64 +2,05%
Friday   5 Aug 2022
102,54 -6,17%
Friday   29 Jul 2022
109,28 -3,74%
Friday   22 Jul 2022
113,53 +3,40%
Friday   15 Jul 2022
109,80 -3,38%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 ± on prev.
month.
± 2021
January 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 +16,55% +57,93%
February 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 +12,28% +55,96%
March 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 +20,71% +79,25%
April 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 -10,54% +61,96%
May 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 +7,84% +65,14%
June 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 +8,49% +67,72%
July 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 -8,79% +48,90%
August 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 -10,26% +41,98%
September 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 91,07 -9,33% +22,26%
October 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54  
November 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05  
December 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22  
Average 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83
Change¹ % +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76%
1) Change % from the same period of previous year
Source: U.S. Department of Energy, Energy Information Administration
Show/Hide the conversion of Oil (PR) USD⇒EUR on the current exchange,
on the exchange rate in force as at 3 months ago and on the exchange rate in force as at 1 year ago
  OIL (US$ / BBL)
US dollar EURO
CURRENT PRICE
16/09/2022
current exch.
15/09/2022: 0,999
exch. of 3 months ago
15/06/2022: 1,043
exch. of 1 year ago
15/09/2021: 1,182
MIN 91,41 91,48 87,63 77,31
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
91.48
 

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