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.
53,16 $
5-Jan-2021		  53,80 $
6-Jan-2021		  53,70 $
7-Jan-2021		  55,51 $
8-Jan-2021		  54,84 $
11-Jan-2021		 
Fonte: U.S. Department of Energy, Energy Information Administration
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   8 Jan 2021
53,31 +4,90%
Friday   1 Jan 2021
50,82 +0,41%
Friday   25 Dec 2020
50,61 -0,86%
Friday   18 Dec 2020
51,05 +3,51%
Friday   11 Dec 2020
49,32 +3,12%
Friday   4 Dec 2020
47,83 +3,02%
Friday   27 Nov 2020
46,43 +7,95%
Friday   20 Nov 2020
43,01 +2,72%
Friday   13 Nov 2020
41,87 +8,36%
Friday   6 Nov 2020
38,64 +1,93%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ± on prev.
month. 		± 2020
January 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 53,56 +7,14% -16,08%
February 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66  
March 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01  
April 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47  
May 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38  
June 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27  
July 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24  
August 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74  
September 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91  
October 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19  
November 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69  
December 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99  
Average 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97
Change¹ % +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76%
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
08/01/2021		 current exch.
07/01/2021: 1,228		 exch. of 3 months ago
07/10/2020: 1,177		 exch. of 1 year ago
07/01/2020: 1,117
MIN 53,31 43,43 45,29 47,72
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
43.43