Graph and download economic data for Crude Oil Prices: Brent - Europe (WCOILBRENTEU) from 1987-05-15 to 2025-07-04 about crude, oil, Europe, commodities, and price.

Europe Brent and WTI (Western Texas Intermediate) Spot Prices (Annual/ Monthly/ Weekly/ Daily) from EIA U.S. (Energy Information Administration).

This series is available through the EIA open data ...

Learn about the factors that influence the Brent crude oil price, including supply and demand dynamics, geopolitical events, economic indicators, and market sentiment. Explore how disruptions in major oil-producing regions and changes in global oil demand affect the price. Find out how economic indicators and investor speculation play a role in determining the Brent crude oil price. Gain insights into why monitoring the Brent crude oil price is crucial for understanding and analyzing the global oil market.

The Energy Information Administration (EIA) provides crucial data and analysis on the pricing of Brent crude oil, a major global benchmark. Find out how these prices are determined, their importance to various stakeholders in the energy industry, and how they can be used to make informed decisions.

United States EIA Forecast: Crude Oil Price: Brent Spot Average data was reported at 71.000 USD/Barrel in Dec 2019. This stayed constant from the previous number of 71.000 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: Brent Spot Average data is updated monthly, averaging 62.750 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 83.000 USD/Barrel in Oct 2018 and a record low of 34.000 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: Brent Spot Average data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

This dataset contains information about daily spot prices for crude oil WTI and Brent from 1986. data from US Energy Information AdministrationNotes:Citation: "Spot Prices For Crude Oil And Petroleum Products". Eia.gov. N.p., 2016. Web. 10 Mar. 2016.

Daily Brent Crude Oil Spot Prices (FOB in dollars per barrel) from the Energy Information Administration

Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.

Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp

The primary data used in the paper are the published weekly price of Ron97 (CompareHero.my, 2020; Malaysia, 2021; The Ministry of Domestic Trade and Consumer Affairs, 2020) , daily crude oil price in barrels (WTI, BRENT and OPEC) (EIA, 2020; OPEC, 2020) and daily foreign exchange rate (Selling rate) of the Ringgit per US dollars (Bank Negara, 2020). The data is pre-processed to clean the data and standardize the data for the modelling process. The crude oil price and foreign exchange rates are converted to weekly averages. Daily missing data are replaced with weekly averages. The foreign exchange rates, (G) in Ringgits per US dollar(RM/USD) (Bank Negara, 2020), is multiplied with the international crude oil price (X) to convert ringgits per barrel( RM/bbl), (I), using Equation(2). The crude oil price are converted to ringgit per litre using the Barrel to Litre Metric Conversion (M)(Ltd, 2020), as shown in Equation(3).

EIA预测：原油价格：布伦特原油现货平均在12-01-2019达71.000美元/桶，相较于11-01-2019的71.000美元/桶保持不变。EIA预测：原油价格：布伦特原油现货平均数据按月更新，03-01-2016至12-01-2019期间平均值为62.750美元/桶，共46份观测结果。该数据的历史最高值出现于10-01-2018，达83.000美元/桶，而历史最低值则出现于03-01-2016，为34.000美元/桶。CEIC提供的EIA预测：原油价格：布伦特原油现货平均数据处于定期更新的状态，数据来源于Energy Information Administration，数据归类于全球数据库的美国 – Table US.P003：能源价格：预测：能源信息管理局。

According to Cognitive Market Research, the global offshore catering services market size was USD 7.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. How are the Key Drivers Affecting the Offshore Catering Services Market?

Rising Demand for Hydrocarbons for Heat and Electricity Generation to Propel Market Growth

The exponential increase in the population has expanded the demand for heat and electricity. A significant part of heat and electricity is caused by utilizing conventional fuel. Following this trend, operators are possible to invest in unexploited resources of hydrocarbon, which is set to expand the market. Further, the developed and emerging economies are considerably investing in welfare schemes, infrastructure, and innovation & technology, which stimulates the demand for hydrocarbons. Therefore, key local participants are increasing drilling activities to meet the market. Additionally, the significant expansion of international crude oil is influencing the global upstream gas sector to continuously change the frequency of production and operation, which has led to improved offshore catering services.

For instance, as per the U.S. Energy Information Administration (EIA), global consumption of oil and liquid fuels for 2022 has a standard of around 99.4 million barrels per day, an expansion of 2.1 million barrels per day from 2021.

(Source:www.eia.gov/outlooks/steo/report/global_oil.php)

Increasing demand for specialized catering services

The Factors Restraining the Growth of the Offshore Catering Services Market

High Capital Investment Requirement to Hinder Market Growth

Establishing a catering business requires considerable capital to cover the costs of renting or buying a suitable location, purchasing equipment, hiring staff, and creating a menu. This can be a major challenge for smaller operations, as the initial investment can be significant. Moreover, the catering industry is becoming increasingly competitive, with new entrants and existing players vying for market share. This makes it challenging for participants to differentiate themselves from the competition and attract consumers.

Impact Of COVID-19 on the Offshore Catering Services Market

The COVID-19 pandemic was rapidly spreading everywhere in the globe in 2020. Almost every country registered infected cases. Every country was at diverse stages of the pandemic in 2020-2021. The industrial participants noticed challenges due to lockdowns. In 2020, the collective consequences of the global COVID-19 pandemic, the noteworthy drop in oil demand, and the giant surplus in oil supply resulted in considerably decreased demand for offshore catering services. In 2020, measures to stop the spread of COVID-19 led to an unusual drop in demand for oil & gas. Simultaneously, intervention by OPEC+ in the state of historic production cuts was inadequate to offset the drop in oil & gas demand. As a result, Brent oil prices decreased from pre-COVID groups of USD 50-70 to USD 20-40 per cask. What is offshore catering?

Offshore catering is a business that provides consistent catering services to oil rigs. Growing demand for conventional fuel due to urbanization, globalization, and massive financial development will dampen the proportion of supply and demand. In addition, numerous countries are expanding their capital expenditure (CAPEX) to meet future energy requirements is expected to drive the market demand.

For instance, according to the World Investment Report in 2019, investment in offshore locations enhanced to $93.3 billion from $61.5 billion in 2018.

(Source:www.drishtiias.com/daily-news-analysis/uncdat-world-investment-report-2019)

Natural gas rose to 3.36 USD/MMBtu on July 11, 2025, up 0.58% from the previous day. Over the past month, Natural gas's price has fallen 3.89%, but it is still 44.10% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

Naphtha rose to 557.42 USD/T on July 11, 2025, up 1.24% from the previous day. Over the past month, Naphtha's price has risen 0.61%, but it is still 19.95% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Naphtha - values, historical data, forecasts and news - updated on July of 2025.