The crude oil market chart is a valuable tool for investors, traders, and analysts to track the price movements of crude oil over time. It offers insights into trends, patterns, and volatility, allowing users to identify potential buying or selling opportunities. This article explains how the chart works, its customization options, and the factors influencing crude oil prices. It also discusses the incorporation of important events and technical indicators in the chart, as well as the additional information

Graph and download economic data for CBOE Crude Oil ETF Volatility Index (OVXCLS) from 2007-05-10 to 2025-03-25 about ETF, VIX, volatility, crude, oil, stock market, and USA.

The global demand for crude oil (including biofuels) in 2023 amounted to 102.21 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 104 million barrels per day.

Motor fuels make up majority of oil demand

Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 110 million barrels per day by 2045, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 30.1 million barrels per day in 2045, up from 27.6 million barrels in 2021. Gasoline demand is forecast at 27.6 million barrels by 2045.

Beyond oil - efforts made by an industry looking to cut carbon intensity

Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, efforts have been made within the energy industry in finding an alternative to the fossil fuel. One such alternative generating great enthusiasm is hydrogen. The most abundant chemical element in the universe has become of particular interest due to its potential as an energy carrier. Similar to oil, it may serve as a feedstock or main ingredient for transportation fuels, energy generation and storage, and also chemicals production. While today it is mainly won from natural gas conversion (so-called grey hydrogen), most investments are aimed at making hydrogen production through electrolysis using renewable electricity (green hydrogen) more cost efficient. Oil refineries and ammonia production facilities are main consumers of hydrogen, with the transportation sector accounting for a much lesser share.

The oil stock market chart provides a visual representation of the performance and trends in the oil stock market. It helps investors analyze the performance of the oil sector, identify patterns, and make informed investment decisions. Learn more about how oil stock market charts work and their customization options.

In 2022, 29.32 billion futures contracts were traded worldwide, up from 12.13 billion in 2013. The number of options contracts traded increased from 9.42 to 54.53 billion contracts in the same period. Both contracts are financial derivatives, used to manage financial risk and speculate on future market performance.

What are derivatives?

Derivatives are financial instruments that are based on an underlying asset, such as a stock price, commodity value, or currency. There are multiple categories of derivatives, but this statistic focuses on futures and options. Futures contracts are the commitment to buy or sell the underlying at a future date for a set price. Options contracts are similar, but the holder is not required to execute the contract. Derivatives are often bought and sold on specific exchanges.

What are derivatives used for?

The promise of a futures contract is appealing to investors and firms who want to guarantee their expenses. For example, volatile commodities such as crude oil can rise suddenly, so a futures contract can hedge against a rise that would be damaging to a firm that relies heavily on gasoline, such as a transport company.

This scatter chart displays alternative and nuclear energy (% of total energy use) against electricity production from oil sources (% of total) and is filtered where the country is Georgia. The data is about countries per year.

This scatter chart displays alternative and nuclear energy (% of total energy use) against electricity production from oil sources (% of total) and is filtered where the country is Bulgaria. The data is about countries per year.

This scatter chart displays electricity production from oil sources (% of total) against alternative and nuclear energy (% of total energy use) and is filtered where the country is Bolivia. The data is about countries per year.

Snapshot img

Bunker Fuel Market Size 2024-2028

The bunker fuel market size is forecast to increase by USD 30.1 billion at a CAGR of 4.18% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing naval expenditure by various countries to expand their maritime capabilities. Additionally, the growing demand for LNG is leading to an increase in demand for bunker fuel as LNG carriers require large quantities of fuel for their operations. 
Furthermore, fluctuations in oil and gas prices, including oil and gas storage, continue to impact the market, with price volatility creating both opportunities and challenges for market participants. Overall, these trends are shaping the future of the market and are expected to drive its growth In the coming years.

What will be the Size of the Bunker Fuel Market During the Forecast Period?

Request Free Sample

The market, a crucial backbone of international logistics and marine transportation, continues to evolve in response to global trade trends and emission regulations. Bunker fuel, also known as marine fuel, is essential for powering vessels, with the cruise sector being a significant consumer. The market's size is substantial, driven by the constant demand for fuel to facilitate cargo operations and propel LNG-powered and conventional vessels. Sulphur content is a critical factor influencing market dynamics, with increasing emphasis on cleaner fuels to reduce the carbon footprint of marine transportation. Sulfur fuel with lower emissions is becoming increasingly popular, as logistics and economic performance increasingly hinge on adherence to emission regulations.
Infrastructure construction, including LNG bunkering vessels and LNG ports, is a significant trend, with key hubs emerging in ports such as Portsmouth, Saint-Malo, and Ouistreham. The conversion of existing vessels to LNG-powered propulsion is also gaining momentum, further boosting the market's growth. LNG bunkering is poised to play a pivotal role In the future of marine fuels, with liquefied bio-methane emerging as a potential alternative. The global decarbonization goals are a driving force behind these trends, as the maritime industry seeks to reduce its carbon footprint and contribute to a more sustainable future for international logistics.

How is this Bunker Fuel Industry segmented and which is the largest segment?

The bunker fuel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  MGO
  HSFO
  VLFSO


Application

  Container
  Bulk carrier
  Oil tanker
  General cargo
  Chemical tanker


Geography

  APAC

    China
    India


  Europe

    Germany


  Middle East and Africa



  North America

    US


  South America

By Type Insights

The mgo segment is estimated to witness significant growth during the forecast period.

Marine gas oil (MGO), a distillate fuel derived from crude oil through refining processes, is widely used in marine transportation due to its lower sulfur content compared to heavy fuel oils (HFO). Stricter emission regulations, particularly in Emission Control Areas (ECAs), mandate the use of cleaner fuels like MGO to limit sulfur emissions. MGO's lower viscosity and density make it easier to handle and burn compared to HFO. The global shift towards decarbonization goals is driving the demand for cleaner marine fuels over bunker oil. Liquefied Natural Gas (LNG) is an emerging alternative to traditional bunker fuels. Key players and several ship owners are investing in LNG bunkering agreements to reduce their carbon footprint.

Infrastructure construction for LNG bunkering vessels and LNG ports is ongoing in major ports such as Portsmouth, Saint-Malo, Ouistreham, Ningbo-Zhoushan, Guangzhou, Shanghai, and Shenzen. The maritime industry's economic performance and global trade trends necessitate the constant demand for marine fuels. Product innovation by oil production firms and the cruise sector are crucial in meeting the demand for cleaner fuels while adhering to emission regulations.

Get a glance at the Bunker Fuel Industry report of share of various segments Request Free Sample

The MGO segment was valued at USD 48.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific (APAC) region dominates the global seaborne trade, making it a significant

Snapshot img

Cotton Market Size 2025-2029

The cotton market size is forecast to increase by USD 8.69 billion at a CAGR of 3.2% between 2024 and 2029.

The market is a significant contributor to the global economy, providing livelihoods for millions and supporting economic growth. Being the most commonly used natural fiber in textile production along with eco fiber, it accounts for one-third of all fibers produced worldwide. Cottonseed oil is among the diverse products derived from cotton, impacting export volumes and market trends. However, the industry faces challenges, including the adoption of new technologies by companies to enhance productivity and sustainability, as well as the overconsumption of water due to poor management and water pollution. These issues can negatively impact the market's growth and sustainability.
Moreover, the increasing demand for organic and sustainably produced cotton is a key trend driving market growth. Companies are responding by investing in sustainable farming practices and developing innovative technologies to reduce water usage and improve water management. Moreover, the rising popularity of Sleepwear and Loungewear, especially made from organic cotton, is further contributing to the market's expansion as consumers seek eco-friendly and comfortable clothing options. Overall, the market's future growth depends on the industry's ability to address these challenges and capitalize on emerging trends.

What will be the Size of the Cotton Market During the Forecast Period?

Request Free Sample

The market encompasses Over-the-Counter (OTC) trading of cotton futures and options-based solutions, providing risk management tools for global textile mills and apparel manufacturing markets. Price volatility is a significant challenge In the market, impacting margins and long-term profitability. Our consulting and advisory services offer a strategic edge, enabling clients to navigate this complex market. Global cotton production and consumption are key drivers, with export demand for cotton fibers, yarn, and textile products influencing export volume in metric tons. 



Traditional diapers and garments are significant end-use industries, with apparel manufacturing markets showing consistent growth. Cotton fibers are a crucial raw material for the textile industry, making effective risk management essential for maintaining a competitive edge. Our team of experts stays updated on the latest market trends and developments to provide valuable insights and solutions.

How is this Cotton Industry segmented and which is the largest segment?

The cotton industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Cotton fiber
  Cotton seed oil
  Cotton seed


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    India


  Middle East and Africa



  North America

    Canada
    US


  South America



  Europe

    Germany
    UK
    France

By Application Insights

The cotton fiber segment is estimated to witness significant growth during the forecast period.

Cotton, a natural fiber grown in tropical and subtropical regions, is a significant component of the global textile industry. India is the leading producer of cotton, catering to one-third of the world's fiber production. The textile mills and apparel manufacturing sector's expansion fuels the cotton industry's growth. Consumer preferences influence market trends, driving demand for cotton. Despite being an export crop, major processing occurs in countries like China and India. The market experiences fluctuations due to various factors, necessitating strategic planning, and flexibility for stakeholders.

Furthermore, over-the-counter (OTC) trading platforms offer an alternative for managing market risks. Professional consulting and advisory services can provide century-long expertise, helping businesses navigate this market's complexities and secure consistent margins.

Get a glance at the Cotton Industry report of share of various segments. Request Free Sample

The cotton fiber segment was valued at USD 37.14 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 87% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific (APAC) region is the largest producer of cotton globally, with China being the foremost player. While a significant portion of cotton production in APAC is consumed domestically, Western countries primarily