Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on December of 2025.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility, such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on December of 2025.

Graph and download economic data for Crude Oil Prices: Brent - Europe (DCOILBRENTEU) from 1987-05-20 to 2025-11-03 about crude, oil, Europe, commodities, and price.

In May 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately ***** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.

Crude Assay Databases Market Outlook

According to our latest research, the global crude assay databases market size reached USD 1.12 billion in 2024, reflecting a robust demand for advanced data management solutions across the oil and gas sector. The market is anticipated to expand at a CAGR of 7.1% from 2025 to 2033, projecting a value of USD 2.09 billion by 2033. This growth is primarily driven by the increasing complexity of crude oil blends, stringent regulatory requirements, and the need for precise feedstock selection to optimize refining processes and trading strategies. As per our comprehensive analysis, the adoption of digitalization and data analytics in the oil and gas industry has significantly contributed to the expansion of the crude assay databases market.

The primary growth factor for the crude assay databases market is the rising complexity and variability of crude oil sources. As oil fields mature and new unconventional sources come online, the diversity of crude oil characteristics has increased, necessitating more granular and comprehensive assay data for accurate evaluation and processing. Refineries and trading entities are increasingly relying on sophisticated databases to compare, analyze, and select the most suitable crude blends for their operations, thereby reducing operational risks and maximizing profitability. Additionally, the growing trend of blending crude oils from multiple sources to meet specific market or regulatory requirements further amplifies the need for reliable and up-to-date assay data, propelling the demand for advanced crude assay databases.

Another significant driver is the rapid digital transformation within the oil and gas sector. The integration of big data analytics, artificial intelligence, and cloud computing has revolutionized the way data is collected, stored, and utilized. Modern crude assay databases are equipped with powerful analytical tools that enable users to perform real-time simulations, scenario analyses, and predictive modeling. This not only enhances operational efficiency but also supports strategic decision-making in trading, refining, and exploration activities. The shift towards digital platforms and cloud-based solutions has also improved accessibility, scalability, and security of critical assay data, further accelerating market growth.

Stringent environmental regulations and the increasing focus on sustainability are also shaping the crude assay databases market. Regulatory bodies across the globe are imposing stricter controls on emissions and product quality, compelling oil and gas companies to meticulously analyze the properties of crude oil before processing. Accurate assay data is essential for compliance with these regulations, as it enables refineries to optimize their processes, minimize waste, and produce cleaner fuels. Furthermore, the growing emphasis on carbon footprint reduction and energy efficiency is prompting industry stakeholders to invest in advanced database solutions that facilitate sustainable operations and transparent reporting.

From a regional perspective, North America continues to dominate the crude assay databases market, supported by the presence of major oil producers, technologically advanced refineries, and a robust digital infrastructure. However, the Asia Pacific region is emerging as the fastest-growing market, driven by rapid industrialization, expanding refining capacity, and increasing investments in digital technologies. Europe and the Middle East & Africa are also witnessing steady growth, fueled by the need for compliance with stringent environmental standards and the ongoing modernization of oil and gas infrastructure. Latin America, while smaller in market share, is expected to register notable growth due to rising exploration activities and investments in data management solutions.

Database Type Analysis

The crude assay databases market is segmented by database type into public databases and proprietary databases. Public databases, often maintained by government agencies, industry associations, or international organizations, provide open access to a wide range of crude oil assay data. These databases play a crucial role in supporting academic research, regulatory compliance, and industry benchmarking. However, their scope and depth may be limited compared to proprietary offerings, as they often focus on widely traded or regionally significant crude grades. Public da

Brent crude oil is projected to have an average annual spot price of 67.22 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of more than 13 U.S. dollars compared to the previous year and also reflect a reduced forecast WTI crude oil price. Lower economic activity, an increase in OPEC+ production output, and uncertainty over trade tariffs all impacted price forecasting. All about Brent Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the North Sea's Brent oilfield. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content and light refers to a relatively low density when compared to other crude oil benchmarks. Price development in the 2020s Oil prices are volatile, impacted by consumer demand and discoveries of new oilfields, new extraction methods such as fracking, and production caps routinely placed by OPEC on its member states. The price for Brent crude oil stood at an average of just 42 U.S. dollars in 2020, when the coronavirus pandemic resulted in a sudden demand drop. Two years later, sanctions on Russian energy imports had pushed up prices to a new decade-high, above 100 U.S. dollars per barrel.

Urals Oil fell to 54.22 USD/Bbl on December 1, 2025, down 0.37% from the previous day. Over the past month, Urals Oil's price has fallen 7.52%, and is down 17.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

The Crude Oil Pipelines dataset was updated on October 21, 2020 from the Energy Information Administration (EIA), with attribute data from the end of calendar year 2024 and is part of the U.S. Department of Transportation (USDOT)/Bureau of Transportation Statistics (BTS) National Transportation Atlas Database (NTAD). Major crude oil pipelines in the United States and selected crude oil pipelines in Canada as of January 2020. Layer includes interstate trunk lines and selected intrastate lines but excludes gathering lines. Based on publicly available data from a variety of sources with varying scales and levels of accuracy. This dataset is not intended to be viewed beyond 1:1,000,000 scale. A data dictionary, or other source of attribute information, is accessible at https://doi.org/10.21949/1520731

54 Active Global Crude Oil buyers list and Global Crude Oil importers directory compiled from actual Global import shipments of Crude Oil.

This feature class/shapefile represents Petroleum Terminals. Petroleum Terminals are used to provide storage of both crude oil and refined petroleum products. Data contains locational and other attribute information for operable bulk petroleum product terminals with a total bulk shell storage capacity of 50,000 barrels or more, and/or ability to receive volumes from tanker, barge, or pipeline. Geographical coverage includes the United States, U.S. Virgin Islands, Puerto Rico, and Guam. This update includes an increase of 62 records for a total of 2,341 terminals. Two terminals were removed because it was confirmed they no longer exist. 66 new terminals were added; 57 of these were located at international airports. 3 terminals were changed to a STATUS of "DISMANTLED" because they no longer exist but still appear in some imagery sources. A new STATUS of "DISMANTLED" was added. Several NAICS codes and descriptions were corrected.

The Australian Petroleum Statistics publication provides monthly national and state petroleum statistical information on sales of petroleum products, exports and imports of petroleum products and crude oil, production of crude oil and condensate, refinery input and output and stocks of petroleum products.

The latest editions of the publication are published online on a monthly basis and can be downloaded directly from the Department of Industry, Innovation and Science's Office of the Chief Economist website here:

http://industry.gov.au/Office-of-the-Chief-Economist/Publications/Pages/Australian-petroleum-statistics.aspx

This dataset provides a comprehensive overview of the number of large and medium oil spills (defined as spills greater than 700 tonnes and between 7 to 700 tonnes, respectively) that occurred globally from 1970 to 2023. The data is sourced from OurWorldInData.org, a project by Hannah Ritchie, Veronika Samborska, and Max Roser, and is part of their comprehensive analysis on oil spills.

Source: Hannah Ritchie, Veronika Samborska, and Max Roser (2022) - “Oil spills ” published online at OurWorldInData.org. Retrieved from: 'https://ourworldindata.org/oil-spil ls' [Online Resource].

Citation: Ritchie, H., Samborska, V., & Roser, M. (2022). Oil spills. OurWorldInData. Retrieved from: https://ourworldindata.org/oil-spills

Background: Oil spills are environmental disasters that can have severe social, economic, and ecological impacts. They typically result from the release of crude oil or refined petroleum products from tankers, rigs, wells, and offshore platforms. These spills are most common in marine environments but can also occur on land. Over the decades, there has been a significant reduction in the number and volume of oil spills, particularly from tankers. However, not all oil spills come from tankers; they can also originate from other sources such as offshore oil rigs and damaged pipelines. The most notable incident in recent history is the Deepwater Horizon disaster in the Gulf of Mexico in 2010, which released an estimated 4.9 million barrels (approximately 700,000 tonnes) of oil. Monitoring and tracking oil spills from all sources, including non-tanker incidents, is crucial for global environmental data and safety.

This feature class/shapefile represents Oil Refineries. An Oil Refinery is a facility that processes crude oil to generate a variety of petroleum-based products. Geographical coverage includes the United States, as well as Refineries in Canada and Mexico that are within 100 miles of each countries border with the United States. The updates for this release include the removal of two refineries that have closed and dismantled, the addition of one refinery, and the update of 20 refineries for new owners, operator, population of workers, location or website.

Australia has a thriving oil and gas industry with expanding infrastructure and many exploration opportunities. Geologically the country contains potential for large oil and gas discoveries with extensive sedimentary basins. Australia is also one of the world leaders in providing low cost geological data with an open Acreage Release process and competitive taxation regimes. Politically Australia is very stable with a very high standard of living and a long-standing democratic culture based on the rights of the individual and the rule of the law. There is a free market philosophy which welcomes foreign investment - Australia has no mandatory local equity requirements and has no government owned oil companies. Government facilitation of investment includes fast-tracking of approvals processes for major projects.

This CD provides some basic Australia data including: Oil and Gas Resources of Australia 2003

This publication is the definitive reference on exploration, development and production of Australia's petroleum resources. It covers exploration, reserves, undiscovered resources, development, coalbed methane resources, production, crude oil and shale oil and supporting information and statistics. It includes a forecast of Australia's crude oil and condensate production up to the year 2020, and sustainability indicators for petroleum resources. Information on Australia's petroleum data availability is also included. An estimate of Australia's undiscovered oil and gas potential and a review of geological sequestration of carbon dioxide in Australia is included. Australian Research and Promotional Material

Australian research includes research papers for Australia, Australia regions (Northwest Shelf and the Southern Margin) and CO2 Sequestration. Promotional materials refer to pamphlets which outline geological products available from Geoscience Australia and contacts for obtaining these products. This material is grouped by region with the research papers.

Geoscience Australia Online Databases Demonstration The Geoscience Australia Petroleum Databases Demonstration is a Microsoft Powerpoint presentation containing instructions on how to use Geoscience Australia's online Petroleum Databases located at: www.ga.gov.au/oracle/apcrc/ This output represents the data which is considered open file and commercial-in-confidence. Petroleum Databases available at Geoscience Australia include: the Australian Geological Provinces Database, the Petroleum Information Management System (PIMS) GIS , the National Petroleum Wells Database and the National Geoscience GIS

The transportation of crude oil in coastal refineries via long-distance pipelines is a crucial step in refinery scheduling plans. However, existing studies oversimplify the issue by assuming either instantaneous transmission of crude oil or fixed transportation times in long-distance pipelines, disregarding the flow rate fluctuations of crude oil in these pipelines. This oversimplification fails to capture significant transport delays and crude holdups, which can significantly deteriorate the operations in coastal refineries. To address this issue, we study long-distance pipeline transportation under a discrete-time model. We propose a mixed-integer programming model which can accurately describe the nonuniform speed transportation process, and effectively handle refinery scheduling problems involving long-distance pipelines. In addition, we employ a supervised learning method to construct an offline predictor which can reduce the online solution time by minimizing the combinatorial search among discrete variables. In our numerical experiments, we illustrate the proposed model using several real-world coastal refineries as examples. The results show that the model can accurately describe the realistic transportation characteristics of long-distance pipelines, and the generated scheduling scheme can avoid frequent pipeline switching in storage tanks, which can eventually lead to an enhancement of overall refinery performance.

This feature class/shapefile represents Oil and Natural Gas Wells. An Oil and Natural Gas Well is a hole drilled in the earth for the purpose of finding or producing crude oil or natural gas; or producing services related to the production of crude or natural gas. Geographic coverage includes the United States (Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Montana, North Dakota, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wyoming) as well Oil and Natural Gas wells in the Canadian provinces of British Columbia and Manitoba that are within 100 miles of the country's border with the United States. According to the Energy Information Administration (EIA) the following states do not have active/producing Oil or Natural Gas Wells: Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Iowa, Idaho, Massachusetts, Maine, Minnesota, North Carolina, New Hampshire, New Jersey, Rhode Island, South Carolina, Vermont, and Wisconsin. Some states do have wells for underground Natural Gas storage facilities where these have been identified they were included. This layer is derived from well data from individual states and provinces and United States Agencies. This layer is complete for the United States but further development of data missing from two Canadian provinces and Mexico is in process. This update release includes an additional 497,036 wells covering Texas. Oil and gas exploration in Texas takes advantage of drilling technology to use a single surface well drilling location to drill multiple bottom hole well connections to extract oil and gas. The addition of Well data from Texas results in the addition of a related table to support this one surface well to many bottom hole connections. This related table provides records for Wells that have more than one bottom hole linked to the surface well.

Graph and download economic data for Global price of Palm Oil (PPOILUSDM) from Jan 1990 to Jun 2025 about oil, World, food, and price.

This dataset contains India consumption of petroleum products from 2000-2021. Data from Ministry of Petroleum & Natural Gas, Government of India.NOTES:

i) All figures are provisional.ii) The source of information includes Oil Companies, DGCIS & online SEZ data.iii) The consumption estimates represent market demand and is aggregate of : (a) actual sales by oil companies in domestic market.(b) consumption through direct imports by private parties.(Private direct imports are prorated for Jul-Nov 2020, which may undergo change on receipt of actual data).(c) sales by SEZ units in Domestic Tariff Area (DTA).