< >

Oil

This page contains historical Brent Oil prices and related graphs.

To go more in depth with the analysis, visit also the page dedicated to the Dairy export to the main Crude Oil producers

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.

Crude Oil - Brent Europe
Spot price FOB

89,62 $
Sep 20, 2022
89,86 $
Sep 21, 2022
90,40 $
Sep 22, 2022
84,29 $
Sep 23, 2022
82,55 $
Sep 26, 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   23 Sep 2022
88,54 -3,14%
Friday   16 Sep 2022
91,41 +1,08%
Friday   9 Sep 2022
90,43 -5,12%
Friday   2 Sep 2022
95,31 -3,60%
Friday   26 Aug 2022
98,87 +2,21%
Friday   19 Aug 2022
96,73 -7,56%
Friday   12 Aug 2022
104,64 +2,05%
Friday   5 Aug 2022
102,54 -6,17%
Friday   29 Jul 2022
109,28 -3,74%
Friday   22 Jul 2022
113,53 +3,40%
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 86,51 +16,55% +57,93%
February 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 +12,28% +55,96%
March 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 +20,71% +79,25%
April 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 -10,54% +61,96%
May 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 +7,84% +65,14%
June 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 +8,49% +67,72%
July 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 -8,79% +48,90%
August 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 -10,26% +41,98%
September 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 90,04 -10,36% +20,87%
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
23/09/2022
current exch.
22/09/2022: 0,988
exch. of 3 months ago
22/06/2022: 1,052
exch. of 1 year ago
22/09/2021: 1,173
MIN 88,54 89,58 84,16 75,49
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
89.58
 
 

Click to consult the data of: