Crude oil Prices, markets & analysis
The ICIS World Crude Report (formerly London Oil Report) is one of the oldest crude oil pricing publications of its kind, providing market players with independent prices and news for over 25 years.
The report’s robust data sets are trusted within the industry and used by key players in the markets who employ the price assessments and indices in their contracts and deals.
The World Crude Report gives readers reliable information daily in one concise report.
Use ICIS information to:
- Access the latest price assessments to use in contracts and deals
- Master the key price drivers and fluctuations
- Develop internal analytical models
- Cross-check if your deals are in consensus with the market
Crude Global Transcript
I’m Tony Dilllon, I head up the ICIS world crude reporting team.
From our offices in Singapore, London and Houston we provide round the world coverage on the oil markets.
We monitor the futures exchanges of the Nymex, ICE futures and the Dubai mercantile and track price movements during the day.
We give commentary on what drives these prices whether it be global economic data from the power house US and Chinese economies, the strength of the US Dollar in the currency markets, supply and demand data like the weekly US stock data and any other various geo-political factors which could change the price of the oil during the day.
We also monitor the physical markets in the main regions of the world, the Asia Pacific, Arab Gulf, North Sea, CIS, Mediterranean, West Africa, the Americas.
We talk to our extensive list of contacts throughout the industry every day, finding out who is buying, who is selling, what the latest prices are, deals done, the bids, the offers, and then asses the major traded grades in each region every day.
As well as this, we provide other data that traders find essential, the supply programs, the disruptions to supply, official prices, all sorts of things that make our report necessary for every trader.
Crude oil news and market information products from ICIS
We offer the following regional Crude oil coverage to keep you informed of factors and developments affecting prices in the Global Crude oil marketplace.
Price Reporting – More information about the price reports we publish on Crude oil
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Crude oil
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2014
Crude prices have fallen steadily through the third quarter 2014 to hit the lowest levels since July 2012, with Brent on ICE Futures and the NYMEX both falling below $100.00/bbl in September.
Prices have tumbled on concerns over falling global demand with both the US and Chinese powerhouse economies showing mixed signals to the markets.
Meanwhile, ample supplies have added further downward pressure. Despite the ongoing turmoil in the country, Libyan production had risen above 900,000 bbl/day in late September, with the National Oil Corporation looking as though it could hit its target of 1m bbl/day by the end of the month.
Nigerian crude, once the staple diet of refiners on the US Atlantic and Gulf coasts, has struggled to find outlets to replace the buyers now awash with supplies of domestic crude due to fracking.
The rise of the Islamic State (IS) in both Iraq and Syria has had little effect on oil production, but airstrikes against IS insurgents by a US-led coalition has raised concerns over possible reprisals.
OPEC has suggested that it could look to trim its production output target for 2015 from 30.0m bbl/day, but any cut is unlikely to be more than around 500,000 bbl/day.
While this could help support prices, it is unlikely to create any major price increase.
The ICIS World Crude Report delivers in-depth information on the global oil trade, giving subscribers insight to a wide range of crude grades across the global markets.
ICIS World Crude Report provides:
- Expert pricing and market information for 7 global regions: Asia-Pacific, Arab Gulf, North Sea, CIS, Mediterranean, West Africa and the Americas
- The latest price assessments for a selection of crudes in each region, including Brent and WTI
- Analytical graphs and charts, enabling easy comparison between key grades of crude
- Market commentary, solely focused on trading and issues affecting prices
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Crude oil. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
Crude consultation information - for more details please visit the Compliance and Methodology Centre
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Crude oil, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.