Chart. and over 1 Mio. Profit from additional features by authenticating your Admin account. EIA. "Annual Average Wti and Brent Crude Oil Spot Prices from 1990 to 2019 (in U.S. Then you will be able to mark statistics as favourites and use personal statistics alerts. The average monthly price for a barrel of Brent Crude oil in recent years can be found here. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: * Data for 2020 is preliminary as of October. In the final quarter, the monthly price is expected to exceed $70/b for the first time in The price of Brent crude oil, the international benchmark, averaged $64 per barrel (b) in 2019, $7/b lower than its 2018 average. Annual average WTI and Brent crude oil spot prices from 1990 to 2019 (in U.S. dollars per barrel) [Graph]. Back then, when oil prices hit four-year highs on fears of significant losses of Iranian supply, the banks had expected Brent to average $78.51 per barrel in 2019. "Average Annual Brent Crude Oil Price from 1976 to 2020 (in U.S. Week Of Mon Tue Wed Thu Fri ; 1987 May-18 to May-22: 18.63: 18.45: 18.55: … Read more about Brent's average price will be close to $70 a barrel in 2019: Paul Hickin on Business Standard. Brent Crude oil, which collapsed 40 per cent in Q4 2018 to almost hit a floor of US$50 a barrel, will recover this year and average above US$60 a barrel China and the US agreed to a … The price of a barrel of Brent Crude oil is currently $51.80. According to the EIA, FOB denotes a transaction whereby the seller makes the product available with an agreement on a given port at a given price; it is the responsibility of the buyer to arrange for the transportation and insurance. "Average annual Brent crude oil price from 1976 to 2020 (in U.S. dollars per barrel)." December 1, 2020. Accessed January 06, 2021. https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/, MWV. Learn more about how Statista can support your business. Chart. Gas prices in the United States 1990-2019. Directly accessible data for 170 industries from 50 countries Please contact us to get started with full access to dossiers, forecasts, studies and international data. (December 1, 2020). MWV. Prices for of a barrel of Brent Crude oil over the last 30 trading days can be found here. $59 per month* As a Premium user you get access to the detailed source references and background information about this statistic. a barrel. Statista. In 2019, the annual average price was 64.3 U.S. dollars per barrel. When crude oil prices decline, oil companies can take impairment charges for assets that fall in value to less than the cost of developing them. As … Are you interested in testing our corporate solutions? Brent crude oil is expected to trade at 49.36 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. ", MWV, Average annual Brent crude oil price from 1976 to 2020 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/ (last visited January 06, 2021), Average annual Brent crude oil price from 1976 to 2020, Global oil consumption in barrels per day 1998-2019, Weekly crude oil prices for Brent, OPEC basket, and WTI 2019-2020, Largest slump in crude oil prices during coronavirus pandemic by type 2020, Monthly crude oil price average for Brent 2019-2020, West Texas Intermediate annual average oil price 1976-2020, West Texas Intermediate (WTI) crude oil price monthly 2019-2020, Monthly average crude oil prices of the OPEC basket 2019-2020, Prices of OPEC Reference Basket oils 2002-2019, Gasoline price per liter in selected countries - June 2020, Change of gasoline price in selected countries 2019-2020, Diesel price per liter in selected countries - June 2020, Change of diesel price in selected countries 2019-2020, Average retail price for regular, unleaded gasoline in Canada 2015-2020, Mexico: average price of gasoline per liter 2017-2020, by type, Prices of unleaded gasoline (95 RON) in Germany 2000-2020, Prices of unleaded gasoline (95 RON) in Italy 2000-2020, Prices of unleaded gasoline (95 RON) in Poland 2004-2020, Monthly fuel price of unleaded 95 octane in the United Kingdom (UK) 2015-2020, Average petrol prices in Nigeria 2019-2020, West Texas Intermediate oil price forecast 2018-2021, Gasoline demand growth worldwide 2001-2025, Italy: price of crude oil imported 2000-2018, Economic impact of falling oil and gas prices on U.S. economy 2015, Global breakeven offshore oil price by company and project 2018, Brent breakeven price for new global oil projects by source type 2014-2020, Tax share in Russian profits depending on oil price 2014, United Kingdom (UK) oil price forecast in U.S. dollars 2017-2024, Quarterly oil price forecast for UK Brent and West Texas Intermediate 2015, Price of fuel oil in New Zealand 2009-2019, by type, Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2035, Oil rents share of GDP APAC 2018 by country, Average prices for coconut oil worldwide from 2014 to 2025, Average prices for soybeans worldwide from 2014 to 2025, Average prices for soybean oil worldwide from 2014 to 2025, View on declining oil prices on city and urban development in the Middle East 2016, Ocyan S.A.: number of employees 2016-2018, by segment, Sales volume of heavy distillate and heavy fuel oil in Norway 2009-2018, Sales of petroleum to wholesalers of solid, liquid and gaseous fuels in Norway 2018, Sales volume of jet kerosene in Norway 2009-2018, Average annual Brent crude oil price from 1976 to 2020 (in U.S. dollars per barrel), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. $ 3/b lower than a year ago just about 57 U.S. dollars per barrel ( b ) in,! 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