21 January 2014
Crude price falls on China’s economic data
Crude prices eased in January as weaker economic data from China indicated slowing crude demand and soaring US oil output added pressure
Brent and WTI were trading around $107.7 per barrel (/b) and $94.6/b, respectively, on 21 January. On 23 December 2013, Brent traded at $112/b, while WTI was priced at $98.6/b. Brent and WTI prices rose in December, supported by seasonally stronger winter demand in the Atlantic basin, as well as continued supply outages in Libya. Deutsche Bank has cut its 2014 price forecasts for Brent and WTI because of increased US crude production could create an oil glut in the country. In a noet published on 14 January, the German bank cut its 2014 forecast for Brent to $97.50/b, down from $106.25/b. It slashed its estimate for WTI as well, to $88.75/b down from $98.75/b. The International Energy Agenc
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
