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Oil

This page contains historical Brent Oil prices and related graphs.

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.
85,83 $
Jan 12, 2022
85,80 $
Jan 13, 2022
87,17 $
Jan 14, 2022
87,82 $
Jan 17, 2022
88,83 $
Jan 18, 2022
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   14 Jan 2022
85,07 +5,68%
Friday   7 Jan 2022
80,50 +2,99%
Friday   31 Dec 2021
78,16 +5,75%
Friday   24 Dec 2021
73,91 +0,20%
Friday   17 Dec 2021
73,76 -1,38%
Friday   10 Dec 2021
74,79 +5,34%
Friday   3 Dec 2021
71,00 -11,52%
Friday   26 Nov 2021
80,24 -1,70%
Friday   19 Nov 2021
81,63 -2,11%
Friday   12 Nov 2021
83,39 +1,05%
Source: U.S. Department of Energy, Energy Information Administration
 
See the dairy import of the OPEC member countries
 
Europe Spot Brent Price FOB ($/bbl)
 
Mese 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 ± su mese
prec.
± 2021
January 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 83,71 +12,79% +52,82%
February 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28  
March 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41  
April 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76  
May 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49  
June 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16  
July 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17  
August 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75  
September 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49  
October 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54  
November 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05  
December 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22  
Media 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83
Variazione¹ % +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76%
1) Variazione % calcolata rispetto allo stesso periodo dell’anno precedente
Fonte: 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
14/01/2022
current exch.
13/01/2022: 1,146
exch. of 3 months ago
13/10/2021: 1,156
exch. of 1 year ago
13/01/2021: 1,217
MIN 85,07 74,21 73,58 69,92
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
74.21
 
 

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