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:
- Whole Milk Powder (WMP) and Cheddar in Oceania;
- the Palm Oil in Malaysia;
- Corn and Wheat in the United States.
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:
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
| 75,29 $ 24-Sep-2024 | 75,40 $ 25-Sep-2024 | 73,06 $ 26-Sep-2024 | 71,63 $ 27-Sep-2024 | 72,35 $ 30-Sep-2024 | |||||
| Source: U.S. Department of Energy, Energy Information Administration | |||||||||
| Weekly Survey date |
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| Friday 27 Sep 2024 |
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Friday 20 Sep 2024 |
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Friday 13 Sep 2024 |
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Friday 6 Sep 2024 |
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Friday 30 Aug 2024 |
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Friday 23 Aug 2024 |
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Friday 16 Aug 2024 |
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Friday 9 Aug 2024 |
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Friday 2 Aug 2024 |
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Friday 26 Jul 2024 |
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| Source: U.S. Department of Energy, Energy Information Administration | |||||
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Europe Spot Brent Price FOB ($/bbl) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Month | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
± on prev. month. |
± 2023 |
| January | 112,96 | 108,12 | 47,76 | 30,70 | 54,58 | 69,08 | 59,41 | 63,82 | 54,77 | 86,51 | 82,52 | 80,12 | +3,04% | -2,90% |
| February | 116,05 | 108,90 | 58,10 | 32,18 | 54,87 | 65,32 | 63,96 | 55,66 | 62,28 | 97,13 | 82,58 | 83,48 | +4,19% | +1,08% |
| March | 108,47 | 107,48 | 55,89 | 38,21 | 51,59 | 66,02 | 66,14 | 32,01 | 65,41 | 117,25 | 78,43 | 85,41 | +2,31% | +8,89% |
| April | 102,25 | 107,76 | 59,52 | 41,58 | 52,31 | 72,11 | 71,23 | 18,47 | 64,76 | 104,89 | 84,74 | 89,94 | +5,30% | +6,13% |
| May | 102,56 | 109,54 | 64,08 | 46,74 | 50,33 | 76,98 | 71,17 | 29,38 | 68,49 | 113,11 | 75,47 | 81,75 | -9,11% | +8,32% |
| June | 102,92 | 111,80 | 61,48 | 48,25 | 46,37 | 74,40 | 64,22 | 40,27 | 73,16 | 122,71 | 74,84 | 82,25 | +0,61% | +9,90% |
| July | 107,93 | 106,77 | 56,56 | 44,95 | 48,48 | 74,25 | 63,92 | 43,24 | 75,17 | 111,93 | 80,11 | 85,15 | +3,53% | +6,30% |
| August | 111,28 | 101,61 | 46,52 | 45,84 | 51,70 | 72,53 | 59,04 | 44,74 | 70,75 | 100,45 | 86,15 | 80,36 | -5,63% | -6,72% |
| September | 111,60 | 97,09 | 47,62 | 46,57 | 56,15 | 78,89 | 62,83 | 40,91 | 74,49 | 89,75 | 93,72 | 74,02 | -7,89% | -21,03% |
| October | 109,08 | 87,43 | 48,43 | 49,52 | 57,51 | 81,03 | 59,71 | 40,19 | 83,54 | 93,33 | 90,60 | |||
| November | 107,79 | 79,44 | 44,27 | 44,73 | 62,71 | 64,75 | 63,21 | 42,69 | 81,05 | 91,42 | 82,94 | |||
| December | 110,76 | 62,33 | 38,01 | 53,31 | 64,37 | 57,36 | 67,31 | 49,99 | 74,22 | 81,00 | 77,76 | |||
| Jan-Sep | 108,45 | 106,56 | 55,28 | 41,67 | 51,82 | 72,17 | 64,66 | 40,94 | 67,70 | 104,86 | 82,06 | 82,50 | ||
| Change¹ % | -3,29% | -1,74% | -48,12% | -24,62% | +24,36% | +39,28% | -10,41% | -36,68% | +65,34% | +54,89% | -21,74% | +0,53% | ||
| Average | 108,56 | 98,97 | 52,32 | 43,64 | 54,12 | 71,34 | 64,33 | 41,97 | 70,83 | 100,88 | 82,50 | |||
| Change¹ % | -2,70% | -8,83% | -47,14% | -16,59% | +24,03% | +31,80% | -9,81% | -34,76% | +68,76% | +42,42% | -18,22% | |||
| prezzo massimo | ||||||||||||||
| prezzo minimo | ||||||||||||||
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1) Variazione % calcolata rispetto allo stesso periodo dell’anno precedente Source: U.S. Department of Energy, Energy Information Administration |
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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
on the exchange rate in force as at 3 months ago and on the exchange rate in force as at 1 year ago
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