- Chemicals & Resources›
- Petroleum & Refinery›
Crude oil prices: Brent Crude 2014-2020
Crude oil prices: Brent Crude 2014-2020
Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
Brent crude oil is forecast to have a price of 62 U.S. dollars per barrel in 2020. Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the Brent oilfield in the North Sea. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content, and light refers to a relatively low density, when compared to other crude oil benchmarks.
Brent crude oil prices
It is no secret that oil prices are volatile. The price for Brent crude oil stood at an average of 71.19 U.S. dollars per barrel in 2018. Annual average prices were the highest on record in 2012, at 111.63 U.S. dollars per barrel. By 2020, it is forecast that it will fall to 62 U.S. dollars per barrel. However, compared to Brent Crude’s average 2016 price of 43.74 U.S. dollars per barrel, the price has recovered reasonably well since the oil glut that occurred between 2014 and 2017.
Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
Loading statistic...
| Price in U.S. dollars per barrel | |
|---|---|
| 2020* | 62 |
| 2019* | 65.15 |
| 2018 | 71.19 |
| 2017 | 54.15 |
| 2016 | 43.74 |
| 2015 | 52.32 |
| 2014 | 98.89 |
| Price in U.S. dollars per barrel | |
|---|---|
| 2020* | 62 |
| 2019* | 65.15 |
| 2018 | 71.19 |
| 2017 | 54.15 |
| 2016 | 43.74 |
| 2015 | 52.32 |
| 2014 | 98.89 |
© Statista 2019
About this statistic
Show source
Download
Settings
Share
Download started
Please be patient - this may take a moment
Please be patient - this may take a moment
Description
Source
More information
Brent crude oil is forecast to have a price of 62 U.S. dollars per barrel in 2020. Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the Brent oilfield in the North Sea. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content, and light refers to a relatively low density, when compared to other crude oil benchmarks.
Brent crude oil prices
It is no secret that oil prices are volatile. The price for Brent crude oil stood at an average of 71.19 U.S. dollars per barrel in 2018. Annual average prices were the highest on record in 2012, at 111.63 U.S. dollars per barrel. By 2020, it is forecast that it will fall to 62 U.S. dollars per barrel. However, compared to Brent Crude’s average 2016 price of 43.74 U.S. dollars per barrel, the price has recovered reasonably well since the oil glut that occurred between 2014 and 2017.
Show moreBrent crude oil prices
It is no secret that oil prices are volatile. The price for Brent crude oil stood at an average of 71.19 U.S. dollars per barrel in 2018. Annual average prices were the highest on record in 2012, at 111.63 U.S. dollars per barrel. By 2020, it is forecast that it will fall to 62 U.S. dollars per barrel. However, compared to Brent Crude’s average 2016 price of 43.74 U.S. dollars per barrel, the price has recovered reasonably well since the oil glut that occurred between 2014 and 2017.
- Show sources information
- Show publisher information
- Release date
- April 2019
- Region
- United States
- Survey time period
- 2014 to 2019
- Supplementary notes
- * Forecast.
- Open this statistic in...
Source
- Show sources information
- Show publisher information
- Release date
- April 2019
More information
- Region
- United States
- Survey time period
- 2014 to 2019
- Supplementary notes
- * Forecast.
- Open this statistic in...
Statista Accounts:
Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
Premium Account
Your perfect start with Statista
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$49 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract.
Prices do not include sales tax.
Prices do not include sales tax.
Leading companies trust Statista:
Related Studies: Available to Download in PDF or PPTX Format
All Information
in one Presentation
Oil and gasoline prices
- 67 page/s
- English
- pptx
- Detailed references
Everything On "Oil and gasoline prices" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.
Statista is a great source of knowledge, and pretty helpful to manage the daily work.Christof Baron
CEO, MindShare Germany
Statistics on "Oil and gasoline prices"
- Global price determinants
The most important statistics
- Global oil production from 1998 to 2017 (in 1,000 barrels per day)Oil - global production in barrels per day 1998-2017
- Global oil consumption from 1998 to 2017 (in 1,000 barrels per day)Oil - global consumption in barrels per day 1998-2017
- Global oil demand in 2018 and 2019, by region (in million barrels daily)*Global oil demand by region 2018-2019
- UK Brent
The most important statistics
- Average annual Brent crude oil price from 1976 to 2019 (in U.S. dollars per barrel)Brent crude oil price annually 1976-2019
- Average monthly Brent crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)*Monthly crude oil price average for Brent 2018-2019
- Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)Crude oil prices: Brent Crude 2014-2020
- West Texas Intermediate (WTI)
The most important statistics
- Average annual West Texas Intermediate (WTI) crude oil price from 1976 to 2019 (in U.S. dollars per barrel)West Texas Intermediate annual average oil price 1976-2019
- Average monthly West Texas Intermediate (WTI) crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)West Texas Intermediate (WTI) crude oil price monthly 2018-2019
- West Texas Intermediate crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)U.S. crude oil prices: West Texas Intermediate 2014-2020
- OPEC basket
The most important statistics
- Average annual OPEC crude oil price from 1960 to 2019 (in U.S. dollars per barrel)OPEC oil price annually 1960-2019
- Average monthly OPEC basket crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)Monthly average crude oil prices of the OPEC basket 2018-2019
- Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)OPEC reference basket - oil price 2016-2040
- Country comparison
The most important statistics
- Gasoline prices in selected countries worldwide in 4th quarter of 2018 (in U.S. dollars per gallon)Gas prices around the world 2018
- Average gasoline price per liter in selected countries in March 2019 (in U.S. dollars)Gasoline price per liter in selected countries - March 2019
- Change in the price of gasoline per liter in selected countries from March 2018 to March 2019Change of gasoline price in selected countries 2018-2019
- Average automotive diesel price per liter in selected countries in March 2019 (in U.S. dollars)*Diesel price per liter in selected countries - March 2019
- Change in the price of automotive diesel per liter in selected countries from March 2018 to March 2019*Change of diesel price in selected countries 2018-2019
- United States - prices
The most important statistics
- Annual average U.S. domestic first purchase prices for crude oil from 1975 to 2018 (in nominal U.S. dollars per barrel)*U.S. crude oil prices: annual average domestic first purchase prices 1975-2018
- U.S. real price of motor gasoline from 1980 to 2018 (in real U.S. dollars per gallon)*Cost of fuels to U.S. end users - real price of motor gasoline 1980-2018
- Retail price of regular gasoline in the United States from 1990 to 2018 (in U.S. dollars per gallon)*Retail price of gasoline in the United States 1990-2018
- Monthly retail prices of diesel fuel in the United States from March 2018 to March 2019 (in U.S. dollars per gallon)U.S. retail prices of diesel fuel monthly 2018-2019
- Average annual U.S. gasoline prices during times of crisis between 1956 and 2011 (in U.S. cents per gallon)Annual U.S. gasoline prices in times of crisis 1956-2011
- United States - taxes
The most important statistics
- State gasoline and diesel tax rates in the United States from 2000 to 2017 (in cents per gallon)State motor fuel tax rates in the United States 2000-2017
- State and local motor fuel tax revenue in the United States from 1977 to 2016 (in billion U.S. dollars)U.S. state and local motor fuel tax revenue 1977-2016
- U.S. gasoline motor fuel taxes in April 2018 (in cents per gallon)U.S. gasoline motor fuel taxes April 2018
- U.S. gasoline motor fuel taxes in April 2018, by region (in cents per gallon)U.S. gasoline motor fuel taxes by region - April 2018
- Gasoline price breakdown in the United States as of January 2019, by cost*U.S. gasoline price breakdown by cost 2019
Discover Statista
Need help with using Statista for your research?
Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
- Brent breakeven price for new global oil projects by source type 2014-2020
- Global oil and gas price ratio 1994-2016
- Projection of the wholesale price of crude oil in the United Kingdom (UK) 2015-2035
- United Kingdom (UK) oil price forecast in U.S. dollars 2017-2024
- Quarterly oil price forecast for UK Brent and West Texas Intermediate 2015
- Italy: price of crude oil imported 2000-2017
- Average annual crude oil futures contract 3 prices 1990-2017
- Average annual crude oil futures contract 4 prices 1990-2017
- Average annual crude oil futures contract 2 prices: 1990-2016
- Average price of crude oil in India - annual growth rate 2012-2018
- Crude oil futures prices: Cushing Oklahoma 1990-2017
- U.S. distillate petroleum prices: Vermont 2010
- U.S. distillate petroleum prices: Maryland 1980-2010
- U.S. distillate petroleum prices: Minnesota 1980-2010
- U.S. distillate petroleum prices: Massachusetts 1980-2010
- Diesel oil production in China by region 2016
- Trans Mountain pipeline system selected figures 2018
- Number of industrial permits for petroleum products in Saudi Arabia 2012-2016
- Russian oil pipelines by length 2016
- Denmark: export value of petroleum products from the UK 2010-14
Studies
- Fossil fuel consumption in the United Kingdom
- 2018 Crude Oil Forecast, Markets & Transportation
- 2017 Crude Oil Forecast, Markets & Transportation
- Crude Oil: Forecast, Markets & Transportation 2015
- 2016 Crude Oil Forecast, Markets & Transportation
- BP Statistical Review of World Energy 2017
- BP Statistical Review of World Energy 2015
- BP Statistical Review of World Energy 2014
- BP Statistical Review of World Energy 2016
- BP Statistical Review of World Energy 2013
- BP Statistical Review of World Energy 2012
- U.S. Baseline Briefing Book - Projections for Agricultural and Biofuel Markets
Statistics on "Oil and gasoline prices"
- Global oil production from 1998 to 2017 (in 1,000 barrels per day)
- Global oil consumption from 1998 to 2017 (in 1,000 barrels per day)
- Global oil demand in 2018 and 2019, by region (in million barrels daily)*
- Average annual Brent crude oil price from 1976 to 2019 (in U.S. dollars per barrel)
- Average monthly Brent crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)*
- Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
- Average annual West Texas Intermediate (WTI) crude oil price from 1976 to 2019 (in U.S. dollars per barrel)
- Average monthly West Texas Intermediate (WTI) crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)
- West Texas Intermediate crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
- Average annual OPEC crude oil price from 1960 to 2019 (in U.S. dollars per barrel)
- Average monthly OPEC basket crude oil price from March 2018 to March 2019 (in U.S. dollars per barrel)
- Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)
- Gasoline prices in selected countries worldwide in 4th quarter of 2018 (in U.S. dollars per gallon)
- Average gasoline price per liter in selected countries in March 2019 (in U.S. dollars)
- Change in the price of gasoline per liter in selected countries from March 2018 to March 2019
- Average automotive diesel price per liter in selected countries in March 2019 (in U.S. dollars)*
- Change in the price of automotive diesel per liter in selected countries from March 2018 to March 2019*
- Annual average U.S. domestic first purchase prices for crude oil from 1975 to 2018 (in nominal U.S. dollars per barrel)*
- U.S. real price of motor gasoline from 1980 to 2018 (in real U.S. dollars per gallon)*
- Retail price of regular gasoline in the United States from 1990 to 2018 (in U.S. dollars per gallon)*
- Monthly retail prices of diesel fuel in the United States from March 2018 to March 2019 (in U.S. dollars per gallon)
- Average annual U.S. gasoline prices during times of crisis between 1956 and 2011 (in U.S. cents per gallon)
- State gasoline and diesel tax rates in the United States from 2000 to 2017 (in cents per gallon)
- State and local motor fuel tax revenue in the United States from 1977 to 2016 (in billion U.S. dollars)
- U.S. gasoline motor fuel taxes in April 2018 (in cents per gallon)
- U.S. gasoline motor fuel taxes in April 2018, by region (in cents per gallon)
- Gasoline price breakdown in the United States as of January 2019, by cost*
- Brent breakeven price for new oil projects worldwide expected to start between 2014 and 2020, by source type (in U.S. dollars per barrel)*
- Ratio of oil to natural gas prices worldwide from 1994 to 2016
- Wholesale price projection of crude oil in United Kingdom (UK) from 2015 to 2035 (in U.S. dollars per barrel)
- Forecasted oil prices in the United Kingdom from 2017 to 2024 (in U.S. dollars per barrel)
- Quarterly oil price forecast for UK Brent and West Texas Intermediate (WTI) in 2015 (in U.S. dollars per barrel)
- Price of crude oil imported by Italy in selected years from 2000 to 2017 (in euros per ton)
- Average annual crude oil futures contract three prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
- Average annual crude oil futures contract four prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
- Average annual crude oil futures contract two prices in the U.S. from 1990 to 2016 (U.S. dollars per barrel)*
- Annual growth rate in the average price of crude oil in India from FY 2012 to FY 2018
- Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
- Annual average distillate petroleum prices in Vermont from 1980 to 2010* (in U.S. dollars per gallon)
- Annual average distillate petroleum prices in Maryland from 1980 to 2010* (in U.S. dollars per gallon)
- Annual average distillate petroleum prices in Minnesota from 1980 to 2010* (in U.S. dollars per gallon)
- Annual average distillate petroleum prices in Massachusetts from 1980 to 2010* (in U.S. dollars per gallon)
- Diesel oil production in China in 2016, by region (in thousand metric tons)
- Selected figures on the Trans Mountain pipeline system as of 2018
- Number of industrial permits for coke coal and refined petroleum products in Saudi Arabia from the 1st quarter of 2012 to the 1st quarter of 2016
- Russia's oil pipelines in 2016, by length (in miles)
- Value of exports of petroleum, petroleum products and related materials to Denmark from the United Kingdom (UK) from 2010 to 2014 (in 1,000 U.S. dollars)
Statista Accounts:
Access All Statistics. Starting from $588 / Year
Related topics
About Statista
Statista offers dossiers and reports on over 170 industries. With Statista you are always able to make informed decisions and boost your work efficiency.
Internet & Telecommunications
- Social Media
- E-Commerce
- Online Video & Entertainment
- Advertising & Marketing
Consumer Goods & FMCG
- Alcoholic Beverages
- Cleaning Products
- Cosmetics & Personal Care
- Food & Nutrition
Retail & Trade
- Health & Hygiene
- International Trade
- Shopping Behavior
- Sports & Leisure
Travel, Tourism & Hospitality
- Business Travel
- Leisure Travel
- Accomodation
- Restaurants
Society
- Demographics
- Economy
- Education & Science
- Politics & Government
Transportation & Logistics
- Aviation
- Rail Transport
- Vehicles & Road Traffic
- Water Transport
Please log in to access our additional functions
Register in seconds and access exclusive features.
Basic Account
|
Instant Access
Premium Account
| ||
|---|---|---|---|
Our services
Click the question mark for further information | Free |
$49 per month* | |
| Basic statistics | |||
| Premium statistics | |||
|
Graph download
| |||
| Download PDF | |||
|
Excel download
| |||
| Register | Purchase now | ||
*Duration: 12 months, billed annually, single license
Exclusive Corporate feature
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.