In the third quarter of 2024, the price of fuel oil for power producers in the United Kingdom amounted to 572.76 British pounds per metric ton, a considerable decrease compared to the same quarter in the previous year. Figures reached the record low of 223.13 British pounds per metric ton in the first quarter of 2016.

Russia Average World Price: Crude Oil: Urals: per 1 Ton data was reported at 420.400 USD/Ton in Dec 2018. This records a decrease from the previous number of 473.000 USD/Ton for Nov 2018. Russia Average World Price: Crude Oil: Urals: per 1 Ton data is updated monthly, averaging 425.600 USD/Ton from Jun 2000 (Median) to Dec 2018, with 223 observations. The data reached an all-time high of 947.800 USD/Ton in Jul 2008 and a record low of 132.800 USD/Ton in Nov 2001. Russia Average World Price: Crude Oil: Urals: per 1 Ton data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

On September 29, 2025, the Brent crude oil price stood at 66.8 U.S. dollars per barrel, compared to 63.45 U.S. dollars for WTI oil and 70.48 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

View monthly updates and historical trends for Average Crude Oil Spot Price. Source: World Bank. Track economic data with YCharts analytics.

Brent rose to 65.57 USD/Bbl on October 7, 2025, up 0.15% from the previous day. Over the past month, Brent's price has fallen 0.68%, and is down 15.04% 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 October of 2025.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2024, the average price for palm oil stood at 963 nominal U.S. dollars per metric ton.

Palm Oil rose to 4,459 MYR/T on October 7, 2025, up 0.52% from the previous day. Over the past month, Palm Oil's price has fallen 0.65%, but it is still 4.40% higher 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 October of 2025.

Soybean oil prices in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 611.59 USD per metric ton with a minimum of 157 USD per metric ton in August 1968 and a maximum of 1962.88 USD per metric ton in May 2022. | TheGlobalEconomy.com

Discover the factors influencing crude soybean oil prices, including supply, demand, geopolitical events, and weather. Learn about market dynamics, historical fluctuations, and the impact of trade policies, currency variations, and global consumer trends on this essential commodity.

Graph and download economic data for Global price of Palm Oil (PPOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

Sunflower Oil rose to 1,387.90 INR/10 kg on October 6, 2025, up 0.55% from the previous day. Over the past month, Sunflower Oil's price has risen 2.44%, and is up 16.14% 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 Sunflower Oil.

Graph and download economic data for Global price of Sunflower Oil (PSUNOUSDQ) from Q1 1990 to Q2 2025 about oil, World, and price.

In September 2022, the crude rapeseed oil price stood at $2,236 per ton (FOB, Canada), with an increase of 36% against the previous month.

View monthly updates and historical trends for Soybean Oil Price (Any Origin). Source: World Bank. Track economic data with YCharts analytics.

Explore the factors influencing corn oil prices per ton, from market demand and weather conditions to geopolitical and economic shifts. Learn about the complex dynamics of global trade, currency exchange rates, and agricultural developments affecting corn oil costs. Stay informed on trends and forecasts crucial for industries reliant on this versatile commodity.

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.

In July 2025, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to ***** U.S. dollars per barrel. This was a slight increase compared to the previous month. Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. The importance of Canada’s oil sands Not only are the oil sands a vital part of the Canadian energy industry, they play a large part in the national economy as well. In 2024, the oil sands extraction industry contributed nearly 40 billion Canadian dollars to Canada's GDP. This represented a share of **** percent of the total GDP. Furthermore, they are the largest single source of oil exports to their neighbors to the south, the United States. Oil sands are a combination of sand, water, and bitumen, and therefore a more expensive source of crude oil than conventional oil as oil sands require extensive processing. Meanwhile, that same year the contribution of conventional crude oil and gas extraction stood at **** billion Canadian dollars, which translated to **** percent of total GDP. Canada’s main oil export partner remains the U.S. In 2024, Canada’s oil exports amounted to over *** million barrels per day. This was a historical high and represented more than twice the amount exported in 2005 thanks to oil sand exploration. The United States is Canada’s main oil destination market, receiving *** million metric tons in 2024. Far in second place came China, with *** million metric tons exported there that same year.

View monthly updates and historical trends for Olive Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Sunflower oil prices in , September, 2025 For that commodity indicator, we provide data from February 2002 to September 2025. The average value during that period was 1009.86 USD per metric ton with a minimum of 543 USD per metric ton in August 2003 and a maximum of 2361.13 USD per metric ton in March 2022. | TheGlobalEconomy.com

Russia Prime Costs: Crude Oil Extraction data was reported at 14,733.500 RUB/Ton in Dec 2018. This records a decrease from the previous number of 15,970.600 RUB/Ton for Sep 2018. Russia Prime Costs: Crude Oil Extraction data is updated quarterly, averaging 7,232.300 RUB/Ton from Mar 2005 (Median) to Dec 2018, with 56 observations. The data reached an all-time high of 15,970.600 RUB/Ton in Sep 2018 and a record low of 2,541.100 RUB/Ton in Mar 2005. Russia Prime Costs: Crude Oil Extraction data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBA002: Energy Production: Prime Costs.