1092 Active Global Crude Oil buyers list and Global Crude Oil importers directory compiled from actual Global import shipments of Crude Oil.

United States Crude Oil Price: EIA: Domestic First Purchase data was reported at 62.870 USD/Barrel in Aug 2018. This records a decrease from the previous number of 67.000 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: Domestic First Purchase data is updated monthly, averaging 23.925 USD/Barrel from Jan 1974 (Median) to Aug 2018, with 536 observations. The data reached an all-time high of 128.080 USD/Barrel in Jul 2008 and a record low of 6.700 USD/Barrel in Sep 1974. United States Crude Oil Price: EIA: Domestic First Purchase data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

The domestic first purchase price for crude oil in the United States amounted to 74.5 nominal U.S. dollars per barrel in 2024. This figure represents an increase in comparison to 2020, when the lower fuel demand following mobility restrictions imposed to stave off the coronavirus pandemic resulted in a considerable fall in prices. According to the source, the average domestic first purchase price represents the average price at which all domestic crude oil is purchased. From 1976, the price represents an average of actual first purchase prices.

Canada is the main source country for petroleum imported into the United States. In 2024, the United States imported around 4.7 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined since the year 2000. In fact, the U.S. did not purchase any crude oil or oil products from Venezuela between 2020 and 2022. However, in 2024 Venezuelan petroleum imports reached some 232 thousand barrels per day. Crude oil reserves As of 2023, global crude oil reserves were estimated to be around 1.6 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s. Uses of petroleum Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.4 million barrels per day in 2021. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

Crude oil trading is the buying and selling of unrefined petroleum for delivery or future delivery. It is a complex process involving producers, refiners, traders, and speculators. Learn about the different forms of crude oil trading, such as futures contracts and options, and the factors that influence the market. Discover how crude oil trading provides liquidity, price discovery, and risk management tools to the global energy market.

Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data was reported at 71,625.000 Ton th in Dec 2018. This records an increase from the previous number of 53,914.000 Ton th for Sep 2018. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data is updated quarterly, averaging 10,898.000 Ton th from Dec 2003 (Median) to Dec 2018, with 61 observations. The data reached an all-time high of 71,625.000 Ton th in Dec 2018 and a record low of 913.000 Ton th in Mar 2007. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data remains active status in CEIC and is reported by LUKOIL. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBK003: LUKOIL Purchase.

The United States imported 2.37 billion barrels of crude oil from other countries. It was the first time since 2017 that figures had increased. The peak was recorded in 2005, at nearly 3.7 billion barrels.

The US crude oil spot market refers to the buying and selling of crude oil for immediate delivery in the United States. It involves the physical trading of crude oil in real-time, as opposed to futures contracts which involve the trading of oil for future delivery dates. The spot market is an important aspect of the global oil market and plays a crucial role in determining oil prices.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The average price of Indian basket crude oil was estimated to reach ***** U.S. dollars per barrel in the financial year 2024. While Indian basket crude oil prices have fluctuated during the reported period, this figure significantly decreased from the previous year’s average of ***** U.S. dollars. The average price of crude oil went up marginally around the financial year 2012, touching almost *** U.S. dollars per barrel. Recent trends in the Indian oil industry The last several years have seen a slight but steady increase in Indian crude oil refinery capacity. However, the annual domestic crude oil production volume has consistently decreased. Not surprisingly, the volume of crude oil imports had recently been on the rise for several years. The future of the Indian energy sector As the third-largest primary energy consumer globally, India relies on various sources to meet its energy demands. At the same time, a significant increase in primary energy consumption across various sources is projected for the coming decades, with renewables playing a vital role in the Indian energy transition.

Crude oil trading is a vital activity in the global economy, involving the buying and selling of crude oil. This article explores the various aspects of crude oil trading, including its importance as a fuel source, the international markets where it is traded, the factors that influence its price, and the different participants and strategies involved in the market. It also highlights the role of geopolitical events, OPEC, and technological advancements in shaping the crude oil trading landscape.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.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 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 (whereby a contract is agreed upon, while the 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.

The statistic represents the average U.S. refiner acquisition cost of composite crude oil between 1985 and 2011. In 2000, this figure stood at around 28.26 U.S. dollars per barrel. According to the source, nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.

Germany has imported almost no crude oil from Russia in the past two years. The decrease was a response to the Russian invasion of Ukraine. The European Union (EU) and the United Kingdom (UK) banned imports of crude oil from Russia via seaports starting from December 5, 2022, while imports of seaborne oil products were banned from February 5, 2023. Over the observed period from the beginning of 2021, German crude oil imports from Russia peaked at more than *** million metric tons in January 2022. Furthermore, Germany has imported no gas via pipelines from Russia since September 2022.

Learn about Brent crude oil trading, the process of buying and selling Brent crude oil futures contracts on various commodity exchanges. Discover how traders can participate in this highly liquid market and manage their exposure to oil price fluctuations.

This dataset contains India Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

Russia LUKOIL Crude Oil Purchase: Year to Date: Ton: Domestic Companies data was reported at 874.000 Ton th in Dec 2018. This records an increase from the previous number of 635.000 Ton th for Sep 2018. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton: Domestic Companies data is updated quarterly, averaging 335.000 Ton th from Dec 2003 (Median) to Dec 2018, with 61 observations. The data reached an all-time high of 4,698.000 Ton th in Dec 2003 and a record low of 20.000 Ton th in Mar 2010. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton: Domestic Companies data remains active status in CEIC and is reported by LUKOIL. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBK003: LUKOIL Purchase.

In 2023, Canada imported 16.9 million metric tons of crude oil from the United States, which was the largest quantity Canada imported from any country. Canadian crude oil In 1858, the first oil deposit in North America was found in Ontario, Canada. Today, however, Canada’s largest volume of crude oil is produced in Saskatchewan. Although Canada is a net exporter of crude oil, Canada also imports crude oil due to a variety of factors. These factors include varying oil types: Canada produces mainly heavy crude oil, yet has demand for light crude oil nevertheless. International oil prices are another factor. While the U.S. is Canada’s largest source of crude oil imports, the U.S. is also the largest importer of Canadian crude oil by a large margin. History of crude oil and its uses The beginning of the developed oil industry can be traced back to 1837 in Baku, Azerbaijan, where the first oil refinery was created. Seven years later, came the first modern oil well. This oil well accounted for more than 90 percent of the world’s oil production. More commercial oil wells were gradually developed in Poland, Romania, Canada, and the United States. The first major oil company was the Standard Oil Company, created by John. D. Rockefeller. Crude oil is refined into petroleum, which is then used for heating buildings, creating electricity, gasoline, and among others.

Crude oil live trading involves buying and selling contracts in real-time. Discover the factors that influence crude oil prices and how traders can take advantage of price fluctuations and market developments. Learn about popular trading instruments and real-time platforms for crude oil trading. Stay updated with market news and developments to make informed trading decisions.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.