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

84,38 $
17-Jan-2023
  83,78 $
18-Jan-2023
  85,08 $
19-Jan-2023
  86,96 $
20-Jan-2023
  87,54 $
23-Jan-2023
 
Source: U.S. Department of Energy, Energy Information Administration
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   20 Jan 2023
84,57 +4,91%
Friday   13 Jan 2023
80,61 +4,42%
Friday   6 Jan 2023
77,20 -5,66%
Friday   30 Dec 2022
81,83 +1,43%
Friday   23 Dec 2022
80,68 -0,15%
Friday   16 Dec 2022
80,80 +2,85%
Friday   9 Dec 2022
78,56 -7,61%
Friday   2 Dec 2022
85,03 -1,59%
Friday   25 Nov 2022
86,40 -6,18%
Friday   18 Nov 2022
92,09 -4,15%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ± on prev.
month.
± 2022
January 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 81,57 +0,70% -5,71%
February 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13  
March 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25  
April 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89  
May 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11  
June 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71  
July 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93  
August 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45  
September 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75  
October 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33  
November 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42  
December 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00  
Jan 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 81,57
Change¹ % +14,67% +2,05% -4,29% -55,83% -35,72% +77,78% +26,57% -14,00% +7,43% -14,18% +57,93% -5,71%
Average 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88
Change¹ % +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42%
  prezzo massimo
  prezzo minimo
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
20/01/2023
current exch.
19/01/2023: 1,082
exch. of 3 months ago
19/10/2022: 0,978
exch. of 1 year ago
19/01/2022: 1,135
MIN 84,57 78,20 86,49 74,54
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
78.20
 

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