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:
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.
34,76 $
20-May-2020		  34,78 $
21-May-2020		  33,80 $
22-May-2020		  33,95 $
26-May-2020		  32,73 $
27-May-2020		 
Fonte: U.S. Department of Energy, Energy Information Administration
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   15 May 2020
28,18 +19,56%
Friday   8 May 2020
23,57 +38,24%
Friday   1 May 2020
17,05 +19,73%
Friday   24 Apr 2020
14,24 -28,80%
Friday   17 Apr 2020
20,00 -11,23%
Friday   10 Apr 2020
22,53 +20,35%
Friday   3 Apr 2020
18,72 -20,61%
Friday   27 Mar 2020
23,58 -8,07%
Friday   20 Mar 2020
25,65 -24,78%
Friday   13 Mar 2020
34,10 -32,74%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ± on prev.
month. 		± 2019
January 43,44 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 -5,18% +7,43%
February 43,32 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 -12,80% -12,98%
March 46,54 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 -42,48% -51,60%
April 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 -42,31% -74,08%
May 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 28,83 +56,11% -59,50%
June 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22  
July 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92  
August 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04  
September 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83  
October 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71  
November 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21  
December 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31  
Average 61,74 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33
Change¹ % -36,32% +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81%
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
15/05/2020		 current exch.
14/05/2020: 1,079		 exch. of 3 months ago
14/02/2020: 1,084		 exch. of 1 year ago
14/05/2019: 1,123
MIN 28,18 26,11 25,99 25,10
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
26.11
 
UK trade data for the period Jan - Mar 2020 are provisional