Price for oil Brent, chart the price of oil WTI (Light) For half a year

Cost of oil Brent, Schedule Dynamics Prices

Graph price oil Brent. Brent oil price course for half a year. Graphics, Courses Prices Oil Light.

dollar course
Price for oil Brent, chart the price of oil WTI (Light) For half a year

Today Wednesday, 19 January, 2022 year

Graph Dynamics of the price of oil for half a year

Brent oil prices,  MICEX and RTS index- Total dynamics of the Russian economy.


Forecast - Tehanalis Oil

Main varieties of oil

Exists Three main varieties of oilbased on which the price is formed on all the rest. This WTI, Brent and oil Dubai. Large supplies have the same oil mixture OPEC Basket, Tapis Crude - Singapore, Bonny Light from Nigeria, as well as grade Urals - Ural oil from Russia.
There are many varieties, therefore differences and gradations are used in oil properties for convenience in pricing and processing that sellers and oil buyers use.
Prices of different oil varieties are slightly different, and sometimes one variety is more expensive than another primarily because of the cost of supplying and properties of oil.


Oil Brent

In Europe traded mainly oil Brentwhich is a mixture of crude oil from 15 various oil fields in the North Sea.
Brent is a major trading classification of sweet light oil, which serves as the main reference price for oil purchases worldwide. This variety is described as light of - for its relatively low density, and sweet from - For low sulfur content. Brent Crude extracted from the North Sea. Oil Brent Also known as Brent Blend и London Brent. Brent He is the leading world bench for the raw oil atlantic basin. It is used to determine the price of two thirds of world international trade in crude oil..
Mixture Brent It is light oil (LCO), although not so easy as West Texas Intermediate (WTI). It contains approximately 0,37% sulfur, slightly more than in WTI. Brent Suitable for the production of gasoline and diesel fuel.
This oil is trading on the International Oil Exchange in London and in the Intercontinental Exchange. One contract is 1000 barrels, prices are in US dollars.
Originally oil Brent mined at the oil field Brent. Name "Brent" Comes from the name of the shelf fields Brent In the North Sea, which belongs to Great Britain, exploration and oil production sites.
This brand has become a reference due to the reliability of supplies and the readiness of its purchase from the set of consumers, as well as the mixture Brent It has sufficient liquidity.

Oil WTI - Light

WTI (Light) - Easy oil Low sulfur content is well suited for gasoline and diesel fuel, USA. Just more sulfur and more sulfur contains oil Brent, However, this variety is also considered to be high-class oil.. Even more severe and contains more sulfur content OPEC Basket (Mix of OPEC Varieties, OPEC Basket). Because of the difference in the density and content of sulfur WTI was originally on the dollar-Two more expensive than Brent, and as much more expensive than OPEC Basket.
The production of oil in Canada significantly increased, and in North America, an increase in oil production has launched a pipeline at full capacity, and soon it began to cope with oil supplies to the markets of the Gulf of Mexico and the east coast of North America and oil began to be supplied by rail, which is much more expensive, than in the pipeline.

Graph price oil 19.01.2022

Oil Arab Emirates

Oil variety is mined in Dubai Dubai Crude (Fatech)and almost completely exported from the country, with the exception of deliveries to internal processing on two factories. Until some time, it was the only free exported oil, but recently oil varieties of Oman appeared in this market..
For many years, most oil producers in the Middle East accepted the prices of Dubai oil and Oman as a landmark for sale to the Far East, while WTI и Brent Used to export to the Atlantic pool.

Oil trade on stock exchanges

The first futures contracts for crude oil were traded at the Chicago Commodity Exchange (CBOT) and New - York commodity exchange (NYMEX). Initial contracts CBOT had delivery problems, so customers refused her in New - York Stock Exchange.
Crude oil has become the world most actively trading goods. To control the risks and use additional trading opportunities in the oil market is trading in the form of futures and options contracts, the size of 1000 barrels. Contracts provide for the supply of different varieties of oil and serves a variety of physical market needs..
Historically Difference price oil between Brent And other varieties of oil was based on physical differences in the characteristics of crude oil and demand oscillations and supply. Previously, there was a typical difference in the price of barrel - near 3 USD / barrel compared to WTI And baskets of OPEC. However, later Brent was evaluated much higher than WTIachieving the difference more than $ 11 Barrel and later discrepancy has reached $ 16 During the oversaturation of supply, record reserves and even later, the spread reached a peak at the level above $ 23 But soon decreased to $ 18 After the maintenance of the oil refinery has strengthened and reduced supply problems.
At the moment, the reserves of the North Sea oil have exhausted significantly, which also affects the difference of oil varieties..

Price for oil Brent, chart the price of oil WTI (Light) For half a year
Schedule Dynamics Prices Oil Brent. Cost of oil WTI (Light) For half a year. Graph price - Brent Oil 10 years. Online 19.01.2022

The United States will be able to reduce the cost of oil for several dollars per barrel.

The increase in mining of shale energy resources in the United States is capable of coming 10 Twice twice reduces oil imports. This will lead to a drop in oil prices for several dollars per barrel.. In the Ministry of Finance, they counted that the change in world oil prices on 1 The dollar leads to the loss of the Russian budget 2 billions of dollars a year. Reducing oil for several dollars per barrel threatens Russia, even in a distant perspective with big problems, making the development of the Arctic shelf unprofitable. Experts report that today production at the deposit of complex shale oil in northern Dakota is more 500 thousand barrels in daily. This indicator exceeds the daily production of oil in Ecuador and is approaching the industrial level of Qatar (more 750 thousand barrels per day). Complex shale oil production has become a logical continuation of shale gas production. Large-scale mining of shale petroleum products began in 2000 year. В 2010 year total investment in this production exceeded 21 billion dollars a year.

Increased energy mining led to falling oil prices and gas all over the world. В 2012 The price of LNG in the United States was lower than the price for Russian consumers. Experts believe that Russia has remained several years before the real transition to shale oil, after which the country will not be able to compete in this industry in the WTO. The rate of mining complex shale oil will only increase. High global oil prices stimulate the creation of new technologies that will be able to increase the technological and economic efficiency of shale projects. At the same time, the geopolitical course of developed countries-Importers aimed at reducing import dependence ensures state support for these projects. В 2027 year the United States will be able to get around 4,5 millions of barrels of oil daily or 250 million tons per year. Today Russia miners more 520 millions of tons of oil per year. В 2035 year Americans will be able to get on their territory 750 million tons per year, reducing imports to 30 Million tons. Russia plans to this deadline only to keep energy mining at the current level.

Brent (ICE.Brent)

Graph Dynamics of the price of oil for half a year. Price for oil Brent, chart the price of oil WTI (Light) For half a year