Tag: oil

Historical GDP of African OPEC Nations vs Oil Price

Historical GDP of African OPEC Nations vs Oil Price

2 million barrels of oil are extracted in the Niger Delta - costing $28.99 to extract each barrel of oil in Nigeria. This is significantly lower than the North Sea oil (at $44.33) but over three times more expensive than...

/ August 4, 2019
Selected OPEC Nations' GDP vs Oil Price

Chart of the Week: Selected OPEC Nations’ GDP vs Oil Price

The turn of the millennium ushered in a period of relative oil price stability, likely due to implementation of the OPEC oil price band mechanism in 2000. 2004 began a period of increased volatility and a surge in prices...

/ September 27, 2018
Oil Price

Chart of the Week: Week 23, 2016: Oil Price

The price of a barrel of Brent Crude oil reached an eight month high yesterday, continuing the general trend we've seen since the beginning of the year.

/ June 8, 2016
UK Trade Balance

Chart of the Week: Week 38, 2014: UK Trade Balance

Last week it was reported that the UK's balance of trade deficit increased to an estimated £3.3bn in July, compared to £2.4bn the previous month.

/ September 17, 2014