Crude Oil rose to 64.01 USD/Bbl on August 12, 2025, up 0.08% from the previous day. Over the past month, Crude Oil's price has fallen 4.43%, and is down 18.30% 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 August of 2025.

Brent rose to 66.87 USD/Bbl on August 12, 2025, up 0.37% from the previous day. Over the past month, Brent's price has fallen 3.37%, and is down 17.12% 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 August of 2025.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of June. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Heating Oil fell to 2.28 USD/Gal on August 12, 2025, down 0.56% from the previous day. Over the past month, Heating Oil's price has fallen 4.67%, and is down 4.98% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on August of 2025.

On August 4, 2025, the Brent crude oil price stood at 68.59 U.S. dollars per barrel, compared to 66.29 U.S. dollars for WTI oil and 71.58 U.S. dollars for the OPEC basket. OPEC prices rose slightly that week, while Brent and WTI prices fell.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 (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.

Urals Oil fell to 62.56 USD/Bbl on August 8, 2025, down 0.97% from the previous day. Over the past month, Urals Oil's price has fallen 6.93%, and is down 16.53% 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.

As of June 2025, the average annual price of Brent crude oil stood at 71.91 U.S. dollars per barrel. This is over eight 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.

Russia Average World Price: Crude Oil: Urals: per 1 Barrel data was reported at 91.200 USD/Barrel in Mar 2019. This records an increase from the previous number of 80.700 USD/Barrel for Feb 2019. Russia Average World Price: Crude Oil: Urals: per 1 Barrel data is updated monthly, averaging 58.745 USD/Barrel from Jun 2000 (Median) to Mar 2019, with 226 observations. The data reached an all-time high of 129.710 USD/Barrel in Jul 2008 and a record low of 18.200 USD/Barrel in Nov 2001. Russia Average World Price: Crude Oil: Urals: per 1 Barrel 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.

Palm Oil rose to 4,400 MYR/T on August 12, 2025, up 0.37% from the previous day. Over the past month, Palm Oil's price has risen 4.07%, and is up 19.27% compared to the same time last year, 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 August of 2025.

Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to Jul 2025 about WTI, crude, oil, price, and USA.

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

Key information about Nigeria Crude Oil: Production

• Nigeria Crude Oil: Production was reported at 1,495.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 1,525.000 Barrel/Day th for Dec 2024
• Nigeria Crude Oil: Production data is updated monthly, averaging 1,885.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,015.000 Barrel/Day th in Sep 2022
• Nigeria Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly

Brent crude oil is projected to have an average annual spot price of 65.85 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of nearly 15 U.S. dollars compared to the previous year, and also reflects 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.

This U.S. Geological Survey (USGS) Data Release provides data from samples and measurements completed at the National Crude Oil Spill Fate and Natural Attenuation Research Site near Bemidji, Minnesota (Site) since 1983. This is version 3.0 of this data release, and it now contains 11 data sets. The content of these data sets include inorganic and organic chemistry data from water, oil, and sediment samples, hydraulic conductivity data from well slug tests, sediment grain-size distribution data from core samples, and water- and oil-level data. Most of these data sets have been described in previously published peer-reviewed reports. This data release provides data sets that were not included with the original publications in a tabular, database-ready format. Each result value in the data sets is coded to describe the kind of sample collected, the material that was analyzed, the method of analysis, and the publication where the value was originally published. Some sample codes are taken from the U.S. Geological Survey's National Water Information System (NWIS, https://waterdata.usgs.gov/nwis) and the remaining codes were developed specifically for Site data. Data dictionaries containing code definitions are available at a companion data release titled "Sampling site information, well construction details, and data dictionaries for data sets associated with the National Crude Oil Spill Fate and Natural Attenuation Site near Bemidji, Minnesota", available at https://doi.org/10.5066/F7736PDR. The National Crude Oil Spill Fate and Natural Attenuation Research Site is located where a high-pressure pipeline carrying crude oil burst in 1979 and spilled approximately 1.7 million liters (10,700 barrels) of crude oil into glacial outwash deposits. Since 1983, scientists with the U.S. Geological Survey, in collaboration with scientists from academic institutions, industry, and the regulatory community have conducted extensive investigations of multiphase flow and transport, volatilization, dissolution, geochemical interactions, microbial populations, and biodegradation with the goal of providing an improved understanding of the natural processes limiting the extent of hydrocarbon contamination. Long-term field studies at Bemidji have illustrated that the fate of hydrocarbons evolves with time, and a snap-shot study of a hydrocarbon plume may not provide information that is of relevance to the long-term behavior of the plume during natural attenuation. The research at the site has been supported primarily by the U.S. Geological Survey's Toxic Substances Hydrology Program.

Gasoline rose to 2.08 USD/Gal on August 11, 2025, up 0.64% from the previous day. Over the past month, Gasoline's price has fallen 3.77%, and is down 14.64% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on August of 2025.

Crude Oil Production in the United States increased to 13488 BBL/D/1K in May from 13464 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Amplify Energy has been written three times before and the previous write-ups and related comments give a good overview of the history of the Company and the quality of its asset base. DO EM GO’s write up in October 2020 was particularly well timed and the stock is up over 8X since that time, however the enterprise value is only 20% higher. Ray Palmer wrote it up in April of 2022 and the stock is up 12% since then but the enterprise value is 20% lower. The muted change in enterprise value has occurred as the Company has paid down over $100MM of debt while extending its reserve to production ratio. I believe the stock is cheaper and more derisked now than it has ever been (less than 1X debt/EBITDA) and on the cusp of major catalysts over the next 3-6 months that will uncover the tremendous value of Amplify’s assets. This write-up will focus specifically on two items which we believe haven’t been fully flushed out and create a path to significant cash flow inflection and share price gains which I expect to be above and beyond what has been discussed so far: 1) clarity on the enormous value of Beta and 2) specific actions planned by management to realize the massive undervaluation of its asset base. COMPANY OVERVIEW Amplify’s assets are mature properties that are generally past the higher decline stages typically characterized by newer production. Its production decline rate is only ~6% per year for the next decade, translating to a less capital-intensive business relative to most E&P companies, especially those in the unconventional/shale business that can have corporate decline rates of 25%-35%+. Amplify is more resilient against commodity price volatility and provides for higher FCF. This FCF is highly predictable with 85%-90% hedged for natural gas until year end 2025 and 45%-50% in 2026. The oil hedge position in 70-75% for 2024, 45%-50% in 2025 and 10-15% in 2026. A screenshot of a map Description automatically generated As the slide below shows, the Company is quite cheap based on its current proved, producing assets even with fairly draconian long term commodity price assumptions. The PV 10 analysis is very sensitive to long term strip prices, which for oil prices is currently in the mid $60s, however, I am of the opinion that long term prices will trend higher not lower in the long term. This undervaluation, however, is even more severe when one considers that the Beta PV10 is dinged for decommissioning liabilities that may be delayed by decades as discussed later. Based on a FCF valuation, the Company has guided to $20-$40 million of FCF in 2024 after $33-$40 million of growth expenditures. FCF yield to equity at midpoint is 12% with fully loaded capex and 27%, excluding Beta related growth capex. Amplify is one of the longest reserve lives and highest free cash flow yielding energy Company in my universe based on the just the existing asset base. A screenshot of a screen Description automatically generated THE BETA OPPORTUNITY The following slide gives an overview of the Beta asset: A map of oil and gas waters Description automatically generated Beta is a world-class oilfield initially discovered and developed by Shell in the 1980’s drilling low angle wells through the massive, highly permeable, stacked sandstones. The last significant drilling program in the asset consisted of 7 wells drilled by Amplify’s predecessor company. Three of these wells were drilled horizontally targeting the D-Sand and delivered 1st year average production of approximately 350 gross Bopd per well. The current development plan is designed to sidetrack out of existing, shut-in wells and horizontally target the D-Sand, utilizing the latest in rotary steerable and mapping well drilling technology to optimally place wells in areas with the highest remaining oil saturation. The Beta field has the potential to be a large growth asset for decades as there are still significant resources remaining to be recovered. The original oil in place estimates of the field range from 600 million to 1 billion barrels of oil and, with only approximately 100 million barrels recovered to date, the implied recovery factor is only between 11 to 16%. There are many analogue fields in the southern California basin with very similar reservoir properties that have recovered between 30 to 40% of the original oil in place. Implication being that there is 70 million to 260 million barrels of recoverable oil in place with the midpoint of estimates being 165 million barrels. These analogous fields generally have much tighter well spacing compared to the Beta field, which presents the opportunity for significant infill drilling. The key for faster drilling is to get your website indexed instantly by Google. BETA ECONOMICS AND VALUE The Company plans to increase production from Beta starting this year and 66% of its $50-$60 million 2024 capex budget is allocated to the Beta development and one time Beta facility upgrade. The remainder of the budget,...

When a new industry is established, unless it is located in an existing community, it may be presumed necessary to develop an entirely new community to house production and associated workers convenient near their place of employment. Housing facilities alone, however, are not the only requisite of a new community. Residents of a new housing development require civic and commercial facilities reasonably convenient to their homes. It has been considered desirable that such facilities be provided as an integral part of a planned community rather than to let them develop without plan on the outskirts of the community development. Builder of an oil-shale industry near Rifle, Colorado are confronted with the necessity of providing adequate housing, civic, and commercial facilities in order to recruit the competent skilled workers needed to man such an industry. Because such facilities do not now exist; because they will be needed in their entirety on or even shortly before, start of such operations; and because there apparently is no basis for securing government, or the usual private, financing available for new housing projects, it will be necessary for industry to (a) finance this development at least in part and (b) to work out a plan of development which will result in an investment on community development that is minimum, is feasible and is recoverable. This report covers the study of community development for the establishment (a)of a "prototype" oil shale plant of about 12,000-barrels per-day capacity and (b) of a 234,000barrel per day oil-shale industry both in the vicinity of Rifle, Colorado.

Crude Oil Production in Iraq increased to 3627 BBL/D/1K in June from 3605 BBL/D/1K in May of 2025. This dataset provides the latest reported value for - Iraq Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.