Dubai
Dubai Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $83 | 607 | 617 | 1.97 |
| 2023-02-15 | $83 | 608 | 618 | 1.97 |
| 2023-02-14 | $83 | 609 | 619 | 1.98 |
| 2023-02-13 | $84 | 612 | 622 | 1.99 |
| 2023-02-10 | $83 | 610 | 619 | 1.98 |
| 2023-02-09 | $82 | 600 | 610 | 1.95 |
| 2023-02-08 | $82 | 602 | 612 | 1.96 |
| 2023-02-07 | $81 | 595 | 605 | 1.93 |
| 2023-02-06 | $79 | 579 | 588 | 1.88 |
| 2023-02-03 | $78 | 572 | 582 | 1.86 |
| 2023-02-02 | $80 | 589 | 599 | 1.91 |
| 2023-02-01 | $80 | 589 | 599 | 1.91 |
| 2023-01-31 | $80 | 589 | 599 | 1.91 |
| 2023-01-30 | $80 | 589 | 599 | 1.91 |
| 2023-01-27 | $81 | 591 | 600 | 1.92 |
| 2023-01-26 | $81 | 591 | 600 | 1.92 |
| 2023-01-25 | $81 | 591 | 600 | 1.92 |
| 2023-01-19 | $80 | 590 | 600 | 1.92 |
| 2023-01-18 | $80 | 588 | 597 | 1.91 |
| 2023-01-17 | $81 | 591 | 601 | 1.92 |
| 2023-01-13 | $80 | 587 | 596 | 1.91 |
| 2023-01-12 | $79 | 582 | 591 | 1.89 |
| 2023-01-11 | $79 | 577 | 586 | 1.87 |
| 2023-01-10 | $77 | 565 | 574 | 1.83 |
| 2023-01-09 | $76 | 560 | 569 | 1.82 |
| 2023-01-06 | $75 | 553 | 562 | 1.8 |
| 2023-01-05 | $75 | 553 | 562 | 1.8 |
| 2023-01-04 | $77 | 566 | 575 | 1.84 |
| 2023-01-03 | $77 | 566 | 575 | 1.84 |
| 2022-12-30 | $77 | 566 | 575 | 1.84 |
Dubai Historical price
- In 2017 maximum price $62 per bbl (2017-12-29)
- In 2018 maximum price $57 per bbl (2018-12-27)
- In 2019 maximum price $65 per bbl (2019-12-31)
- In 2020 maximum price $50 per bbl (2020-12-31)
- In 2021 maximum price $73 per bbl (2021-12-31)
- In 2022 maximum price $77 per bbl (2022-12-30)
- In 2023 maximum price $83 per bbl (2023-02-16)
Dubai Crude Oil: The Lifeblood of the Emirates
Dubai is one of the world's leading producers of crude oil, and it plays a crucial role in the economy of the United Arab Emirates. Dubai's abundant oil reserves have helped to spur the city's rapid growth and development over the past few decades, making it a hub of commerce, tourism, and innovation. However, despite its importance, many people still don't know much about the oil industry in Dubai, how it works, and what makes it so special. In this article, we'll take a closer look at the world of Dubai crude oil, and explore why it is such a vital part of the city's past, present, and future.
Understanding Dubai Crude Oil
Dubai crude oil is a unique blend of light and heavy oil that is produced from the fields in the Emirate of Dubai. The oil is known for its high quality, low sulfur content, and easy refining characteristics, which make it an attractive option for global oil markets. The majority of the oil produced in Dubai is exported to countries around the world, where it is used for a variety of purposes, including fuel for transportation and power generation.
Dubai's oil industry is highly organized and efficient, with strict regulations and guidelines in place to ensure that production and exports are carried out smoothly and responsibly. The industry is also highly competitive, with many international oil companies operating in the region and vying for a share of the lucrative market. Despite the intense competition, Dubai has managed to maintain its position as one of the world's leading oil producers, thanks in large part to its highly skilled workforce, advanced technology, and strong government support.
The Impact of Dubai Crude Oil on the Local Economy
Dubai's oil industry has had a profound impact on the local economy, helping to create jobs, boost economic growth, and support the development of key infrastructure projects. The oil industry has also helped to attract investment and talent to the region, making Dubai a hub of innovation and creativity in the Middle East.
One of the key ways that Dubai's oil industry has contributed to the local economy is through the creation of jobs. The oil industry is one of the largest employers in Dubai, providing jobs for thousands of people and supporting the growth of local businesses. The industry has also helped to spur economic growth by generating revenues that can be invested in infrastructure projects, education, and other key areas.
The Future of Dubai Crude Oil
While the oil industry remains an important part of Dubai's economy, the city is also looking towards the future and exploring new opportunities in areas such as renewable energy and sustainable development. The government of Dubai has set a target of generating 75% of its energy from renewable sources by 2050, and is investing heavily in initiatives such as solar power and electric vehicles to help achieve this goal.
Despite these efforts, it is unlikely that Dubai's dependence on crude oil will disappear entirely in the coming years. Crude oil will continue to play a crucial role in the city's economy and energy mix, and Dubai is likely to remain a leading producer of crude oil for many years to come.
Conclusion
Dubai's crude oil industry is a crucial part of the city's past, present, and future, and plays a vital role in the economy of the United Arab Emirates. With its abundant reserves, highly skilled workforce, and efficient operations, Dubai is well positioned to continue its legacy as a leading producer of crude oil for many years to come. Despite the challenges posed by the global shift towards renewable energy, Dubai remains committed to responsible and sustainable development, and will continue to play a key role in shaping the future of the global energy landscape.
Frequently Asked Questions About Dubai Crude Oil
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What is Dubai Crude Oil? Dubai crude oil is a unique blend of light and heavy oil that is produced from the fields in the Emirate of Dubai. It is known for its high quality, low sulfur content, and easy refining characteristics, which make it an attractive option for global oil markets.
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What makes Dubai Crude Oil special? Dubai crude oil is special because of its high quality and low sulfur content, which makes it an attractive option for global oil markets. The oil industry in Dubai is also highly organized and efficient, with strict regulations and guidelines in place to ensure that production and exports are carried out smoothly and responsibly.
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How does Dubai Crude Oil impact the local economy? Dubai's oil industry has had a profound impact on the local economy, helping to create jobs, boost economic growth, and support the development of key infrastructure projects. The oil industry has also helped to attract investment and talent to the region, making Dubai a hub of innovation and creativity in the Middle East.
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What is the future of Dubai Crude Oil? While the oil industry remains an important part of Dubai's economy, the city is also looking towards the future and exploring new opportunities in areas such as renewable energy and sustainable development. Despite these efforts, it is unlikely that Dubai's dependence on crude oil will disappear entirely in the coming years.
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Is Dubai Crude Oil sustainable? Dubai remains committed to responsible and sustainable development, and is investing in initiatives such as solar power and electric vehicles to help achieve its goal of generating 75% of its energy from renewable sources by 2050. However, crude oil will continue to play a crucial role in the city's economy and energy mix for many years to come.
Further Resources on Dubai Crude Oil
If you are interested in learning more about Dubai crude oil, there are many resources available online that can help you stay informed and up-to-date on the latest developments. Some of the best places to start include the following:
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Dubai Petroleum Authority: The official website of the Dubai Petroleum Authority provides detailed information about the city's oil industry, including production statistics, regulations, and other important information.
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Dubai Oil and Gas Journal: This online publication is dedicated to covering the latest news and trends in Dubai's oil and gas industry, including updates on production and export, as well as in-depth analysis and commentary on the key issues facing the sector.
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Energy Information Administration: The Energy Information Administration (EIA) is a US government agency that provides independent and reliable data, analysis, and forecasts on the global energy markets. The EIA's website is an excellent resource for those looking to stay informed on the latest trends in crude oil production and consumption.
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OPEC: The Organization of the Petroleum Exporting Countries (OPEC) is a global organization that represents the interests of its member countries in the oil industry. The OPEC website provides a wealth of information on the global oil markets, including production statistics and analysis, as well as reports and other resources that can help you stay informed about the latest trends and developments.
By exploring these resources and others like them, you can deepen your understanding of Dubai crude oil and stay up-to-date on the latest developments in the industry. Whether you are a professional in the energy sector, an academic, or simply someone with a general interest in the subject, there is a wealth of information available that can help you stay informed and engaged.
