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Energy Industry: Difference between revisions
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* Oil prices were mainly flat during march, just a small decline registered, from 77.69 at the begining of march to 75.61 at the end. The prices had a low of $66 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref> | * Oil prices were mainly flat during march, just a small decline registered, from 77.69 at the begining of march to 75.61 at the end. The prices had a low of $66 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref> | ||
* Gasoline prices went from 3.457 to 3.533. Small increase of 2%.<ref>https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref> | * Gasoline prices went from 3.457 to 3.533. Small increase of 2%.<ref name=":1">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref> | ||
* Natural Gas prices went from 2.81 to 2.10. A 25% decline in prices. | * Natural Gas prices went from 2.81 to 2.10. A 25% decline in prices. | ||
* Despite the OPEC oil cuts, the future markets expect prices to decline to $76 at year end from current levels ($80.7).<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | * Despite the OPEC oil cuts, the future markets expect prices to decline to $76 at year end from current levels ($80.7).<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | ||
=== April 2023 === | === April 2023 === | ||
* Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref> | |||
* Gasoline prices went from 3.533 to 3.765. Small increase of 6%.<ref name=":1" /> | |||
* Natural Gas prices went from 2.22 to 2.32. A 4.5% increase.<ref>https://www.bloomberg.com/quote/NG1:COM</ref> | |||
* The future markets continue to expect lower oil prices, now at $69.43 at year end. <ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | |||
== References == | == References == | ||