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Dynamics of Oil Supply & Demand

This analysis explores the significant fluctuations in oil prices, focusing on the Illinois Basin, from a low of $12.75 per barrel in December 1998 to a peak of $143.67 per barrel in June 2008. It examines the underlying factors that influenced supply and demand during this period and highlights how economic, geopolitical, and market dynamics contributed to these price changes. Understanding these trends is crucial for energy markets and policymakers looking to navigate future challenges in oil supply and pricing.

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Dynamics of Oil Supply & Demand

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  1. Dynamics of Oil Supply & Demand • $ 12.75/bbl, Dec 1998* • $143.67/bbl, June 2008 *avg for Illinois Basin, iog.com cac 2008

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