The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. 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.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

This dataset contains information about world's natural gas consumption for 1965. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Excludes natural gas converted to liquid fuels but includes derivatives of coal as well as natural gas consumed in Gas-to-Liquids transformation.^ Less than 0.05.w Less than 0.05%.n/a not available.# Excludes Estonia, Latvia and Lithuania prior to 1985 and Slovenia prior to 1990.Notes: As far as possible, the data above represent standard cubic metres (measured at 15oC and 1013 mbar); as they are derived directly from tonnesof oil equivalent using an average conversion factor, they do not necessarily equate with gas volumes expressed in specific national terms.The difference between these world consumption figures and the world production statistics is due to variations in stocks at storage facilitiesand liquefaction plants, together with unavoidable disparities in the definition, measurement or conversion of gas supply and demand data.Annual changes and shares of total are calculated using billion cubic metres figures.Growth rates are adjusted for leap years.

The Indian Oil and Gas Canada 2021 report outlines the institutions managing and regulation of oil and gas activity on First Nations Reserves. The report explains how the institution has encouraged oil and gas projects on reservations in working with Oil companies in 2021.