China Import Price: Crude Oil data was reported at 550.354 USD/Ton in Mar 2025. This records a decrease from the previous number of 565.521 USD/Ton for Feb 2025. China Import Price: Crude Oil data is updated monthly, averaging 391.538 USD/Ton from Jan 1993 (Median) to Mar 2025, with 387 observations. The data reached an all-time high of 948.796 USD/Ton in Aug 2008 and a record low of 88.470 USD/Ton in Jan 1999. China Import Price: Crude Oil data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price. [COVID-19-IMPACT]

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.

In February 2025, the average crude oil import price amounted to $566 per ton, growing by 4% against the previous month.

China Import Price: Crude Oil: North America: Canada data was reported at 491.111 USD/Ton in Mar 2025. This records a decrease from the previous number of 502.688 USD/Ton for Feb 2025. China Import Price: Crude Oil: North America: Canada data is updated monthly, averaging 496.292 USD/Ton from May 2008 (Median) to Mar 2025, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Nov 2017 and a record low of 198.927 USD/Ton in Apr 2020. China Import Price: Crude Oil: North America: Canada data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

In 2024, China imported crude oil to the value of approximately ***** billion U.S. dollars. This was the third highest value of crude oil imports in the period of consideration.

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.

China Import Price: Crude Oil: Africa: South Sudan data was reported at 534.950 USD/Ton in Mar 2025. This records a decrease from the previous number of 630.569 USD/Ton for Oct 2024. China Import Price: Crude Oil: Africa: South Sudan data is updated monthly, averaging 460.273 USD/Ton from Jun 2012 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 5,675.556 USD/Ton in Jun 2012 and a record low of 173.482 USD/Ton in Feb 2016. China Import Price: Crude Oil: Africa: South Sudan data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

Crude Oil Production in China decreased to 4270 BBL/D/1K in July from 4430 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - China Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Import Price: Crude Oil: Asia: Thailand data was reported at 564.825 USD/Ton in Oct 2024. This records a decrease from the previous number of 652.927 USD/Ton for Aug 2024. China Import Price: Crude Oil: Asia: Thailand data is updated monthly, averaging 563.781 USD/Ton from Jan 2008 (Median) to Oct 2024, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Oct 2009 and a record low of 136.577 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Thailand data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

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.

China’s crude oil import has increased sharply since 2002. Its expenditure on oil import now accounts for around 10% of its total commodity import. Thus, there is potential imported inflation or deflation due to oil price fluctuations and China’s central bank may respond to it. We quantitatively analyze the impact of oil prices on China’s benchmark interest rate and monetary supply by a 6-variable structural vector auto-regression model. We draw that: 1) In response to an increase of oil price, China’s central bank generally upgrades interest rate. If oil price rises by 10 US dollars, the 6-month lending base rate will increase by around 0.13 percentage point in 3 months. 2) The effects of price shocks deepen after the oil pricing reform, and specifically, it can explain 19.8% of the variations in monetary policies in one year after October 2008, compared with the 0.83% before October 2001.

The average diesel oil price in China amounted to ***** yuan per metric ton as of November 11, 2025. During 2024, diesel fuel prices in China ranged between around ***** yuan per metric ton in September and ***** yuan per metric ton in April.

The annual price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 63.58 U.S. dollars per barrel in 2025, according to an August 2025 forecast. This would be a decrease of roughly 13 U.S. dollar compared to the previous year. In the first eight months of 2025, weekly crude oil prices largely stayed below 70 U.S. dollars per barrel amid trade tariffs and an expected economic downturn. What are benchmark crudes? WTI is often used as a price reference point called a benchmark (or ”marker”) crude. This category includes Brent crude from the North Sea, Dubai Crude, as well as blends in the OPEC reference basket. WTI, Brent, and the OPEC basket have tended to trade closely, but since 2011, Brent has been selling at a higher annual spot price than WTI, largely due to increased oil production in the United States. What causes price volatility? Oil prices are historically volatile. While mostly shaped by demand and supply like all consumer goods, they may also be affected by production limits, a change in U.S. dollar value, and to an extent by market speculation. In 2022, the annual average price for WTI was close to the peak of nearly 100 U.S. dollars recorded in 2008. In the latter year, multiple factors, such as strikes in Nigeria, an oil sale stop in Venezuela, and the continuous increase in oil demand from China were partly responsible for the price surge. Higher oil prices allowed the pursuit of extraction methods previously deemed too expensive and risky, such as shale gas and tight oil production in the U.S. The widespread practice of fracturing source rocks for oil and gas extraction led to the oil glut in 2016 and made the U.S. the largest oil producer in the world.

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

China Import Price: Crude Oil: Asia: Malaysia data was reported at 515.052 USD/Ton in Mar 2025. This records a decrease from the previous number of 549.628 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: Malaysia data is updated monthly, averaging 527.328 USD/Ton from Jan 2008 (Median) to Mar 2025, with 173 observations. The data reached an all-time high of 1,024.644 USD/Ton in Aug 2008 and a record low of 154.963 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Malaysia data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

In Q3 2025, North America, the Crude Oil Price Index rose 1.55% quarter-over-quarter, supported by export demand. Check detailed insights for Europe, MEA, South America and APAC.

China Imports from Russia of Crude Oil was US$62.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on December of 2025.

This study investigates the impact of oil price uncertainty (OPU) on corporate profitability in China, the world’s largest crude oil consumer. Most importantly, we examine how the Chinese government’s oil price reform affects this relationship. Using the yearly data of Chinese-listed companies, we find that the uncertainty of oil prices negatively affects corporate profitability but positively impacts operating expenses from 2007 to 2020. This finding holds after robust tests, including alternative profitability metrics and endogeneity model. Most interestingly, implementing the 2013 market-oriented oil pricing reform amplifies the adverse impact of OPU on corporate profitability owing to increased operating costs in the post-2013 period. Moreover, the detrimental effect of uncertain oil prices on corporate profitability is less prominent for large-capitalized companies. This research adds to the body of knowledge on the factors affecting corporate profitability by highlighting the volatility effect of oil prices and government pricing mechanisms. The results offer grounds for legislators and corporate managers to consider how to control the uncertainty surrounding oil price matters to ensure stable corporate profitability.

In August 2025, the average price of one barrel of Brent crude oil was 67.87 U.S. dollars. This was a decrease from the previous month and 12 U.S. dollars below July 2024 prices. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.

China Import Price: Crude Oil: Asia: Kuwait data was reported at 576.311 USD/Ton in Mar 2025. This records a decrease from the previous number of 590.343 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: Kuwait data is updated monthly, averaging 562.869 USD/Ton from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 957.101 USD/Ton in Aug 2008 and a record low of 174.867 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Kuwait data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.