The Suez Canal, the SUMED pipeline, and the Bab el-Mandeb Strait are strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America. Total oil shipments via these routes accounted for about 12% of total seaborne-traded oil in the first half of 2023, and liquefied natural gas (LNG) shipments accounted for about 8% of worldwide LNG trade. More ›
Data source: U.S. Energy Information Administration
12/1/2023: $74.07/barrel
down$1.47 from week earlier
down$7.15 from year earlier
12/1/2023: $2.814/MMBtu
down$0.041 from week earlier
down$3.924 from year earlier
11/25/2023: 10.460 million tons
down1.408 million tons from week earlier
down0.914 million tons from year earlier
11/24/2023: 3,836 Bcf
up10 Bcf from week earlier
up341 Bcf from year earlier
11/24/2023: 449.7 million barrels
up1.6 million barrels from week earlier
up30.6 million barrels from year earlier