As part of the US Energy Information Administration (EIA) Energy and Financial Markets Initiative, the EIA is moving beyond its traditional coverage of the physical fundamentals of global oil markets to understand global energy prices moments. In addition to assessing factors such as energy consumption, production, inventories, spare production capacity, and geopolitical risks, EIA will now examine other influences, such as futures market trading activity, commodity investment, exchange rates, and equity markets.

Today's Viz of the Day describes seven key factors that could influence oil markets. The analysis explores possible linkages between each factor and oil prices and includes regularly-updated graphs that depict aspects of those relationships.

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Verwandte Insights von Knoema

Worldwide Oil and Gas Rig Count

Precipitated by the steep decline in global oil prices, the non-OPEC* active rig count fell in June to a new multi-year low at roughly 1,600 rigs, a 46 percent decrease since the end of 2014. The severity of the decline in drilling activity varies among countries and producing regions. While the United States and other developed countries have decreased dramatically the number of active rigs throughout the first half of 2015, the total number of active rigs among OPEC members has remained relatively steady with one notable exception: Saudi Arabia. Saudi Arabia's share of total...

EU consumer prices for petroleum products and consumption statistics

To improve the transparency and to strengthen the internal EU energy market, the European Commission tracks the key market indicators for main petroleum products in the member countries, gathering information about the price changes, consumption, the taxes and the duties. At the present time, share of taxes and other duties in the petroleum products' consumer prices in EU is about 60% for motor-fuels, and about 30% for a heating fuels. The net price of the Euro-super 95 automotive gasoline, excluding tax component, is only 0.49 euro per litre vs 1.37 euro if taxes included (as of...

U.S. Driving Season And The Petroleum Consumption

By the end of 2013 in the US was about 256 million motor vehicles (including motorcycles, according to the data of the US Federal Highway Administration, FHWA). A growing number of automobiles and trucks was one of the main drivers of increased petroleum consumption over the years. The financial crisis of 2008 caused a sharp increase in demand for energy-efficient engines and alternative fuels. The overall demand for motor gasoline in the US has still not recovered to pre-crisis levels. However, each year petroleum consumption is increasing during the driving season, from the...