Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday prices stayed within a $24/b range, between $68/b and $93/b (after rounding), which was the narrowest trading range since 2019. Adjusting the trading range for inflation, last year was the narrowest since 2003. Strong global growth in production of oil and slower demand growth put downward pressure on prices, while heightened geopolitical risks and voluntary production restrictions among OPEC+ members supported them. These offsetting factors kept oil prices within a narrow range.
Florida State Watch Office Morning Situation Report EOC Activation Level: Level 2 Meteorological Summary: An…
(Tue, 15 Apr 2025) The Annual Energy Outlook 2025 (AEO2025) explores potential long-term energy trends…
* WHAT...West winds 15 to 25 kt with gusts up to 30 kt. * WHERE...Tidal…
* WHAT...Northwest winds 15 kt with gusts from 20 to 25 kt. * WHERE...Nearshore Waters…
* WHAT...Northwest winds 15 kt with gusts from 20 to 25 kt. * WHERE...Nearshore Waters…
* WHAT...Northwest winds 20 to 25 kt with gusts up to 40 kt and waves…
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