Heating Oil decreased 0.05 USD/GAL or 2.13% since the beginning of 2025, 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 March of 2025.

Heating Oil Stocks in the United States decreased to -35 Thousand Barrels in March 21 from 8 Thousand Barrels in the previous week. This dataset provides - United States Heating Oil Stocks - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The global oil and gas industry invested some 2.7 percent of its total capital expenditure in clean energies in 2022. This represented about 1.2 percent of the total investment in clean energy globally that year. Investments in clean energy have begun outpacing fossil fuel investments in the last few years.

According to Cognitive Market Research, the global Commercial Aircraft Aviation Fuel market size will be USD XX million in 2023. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2023 to 2030.

The demand for Commercial Aircraft Aviation Fuel is rising due to increasing focus on reducing carbon emissions.
Demand for air turbine fuel remains higher in the Commercial aircraft aviation fuel market.
The passenger aircraft category held the highest Commercial Aircraft Aviation Fuel market revenue share in 2023.
North American Commercial Aircraft Aviation Fuel will continue to lead, whereas the European Commercial Aircraft Aviation Fuel market will experience the most substantial growth until 2030.

Expansion of the Tourism Industry to Provide Viable Market Output

The expansion of tourism is influencing the market's growth. The surge in global tourism has led to a rise in air travel demand, subsequently driving the need for aviation fuel. As more people explore diverse destinations, airlines are compelled to increase their fleets and flights, increasing fuel consumption. Additionally, emerging economies witnessing a boost in tourism further amplify this trend. The expansion of the tourism sector acts as a key driver, stimulating investments and innovations in aviation fuel technology to meet the escalating requirements of the growing commercial airline industry.

For instance, According to the World Tourism Organization, a specialized agency of the United Nations (UN), tourist arrivals in Maldives in January 2021 stood at 92,103. This count rose to 99,397 by 3rd February 2021. The growing count of tourists is creating promising scope for the aviation industry.

Source-www.unwto.org/maldives-tourism-looking-up-after-reopening

Increased Development of Jet-a-fuels to Propel Market Growth

The development of jet-a-fuels has significantly impacted the Commercial aircraft aviation fuel market. Jet-A fuels are undergoing advancements to enhance fuel efficiency, reduce carbon emissions, and comply with stringent environmental regulations. These innovations focus on improving the energy density of fuels, exploring alternative and renewable sources, and optimizing combustion processes. The rise in demand for cleaner and more sustainable aviation fuels, coupled with a global emphasis on reducing the environmental impact of air travel, is compelling the industry to invest in research and development, thereby fostering the evolution of Jet-A fuels for a more eco-friendly aviation future.

For instance, in June 2021, researchers at Washington State University developed a process for turning waste plastics into sustainable jet-A fuel. If the process is refined and applied on a large scale, the procedure is expected to address major environmental problems, including greenhouse gas emissions and plastic pollution.

Source-news.wsu.edu/press-release/2021/05/17/new-technology-converts-waste-plastics-jet-fuel-hour/

Market Dynamics of the Commercial Aircraft Aviation Fuel Market

Fluctuation in Oil Prices to Restrict Market Growth

The fluctuation in oil prices hinders the growth of the market. The industry is highly sensitive to changes in crude oil prices, affecting the overall operational costs for airlines. Frequent spikes in oil prices can lead to increased expenses for fuel, impacting profit margins and necessitating adjustments in ticket prices. Conversely, a decline in oil prices may provide temporary relief but can disrupt long-term planning and investments in fuel-efficient technologies. The unpredictable nature of oil price fluctuations introduces financial uncertainties, making it challenging for airlines to budget effectively and potentially hindering the adoption of sustainable aviation fuel alternatives.

Impact of COVID–19 on the Commercial Aircraft Aviation Fuel market

The COVID-19 pandemic significantly affected the Commercial Aircraft Aviation Fuel market. The unprecedented decline in air travel demand led to reduced flight operations, impacting the aviation fuel sector. Airlines faced financial challenges, resulting in fleet groundings and delayed deliveries of new aircraft. It led to a surplus of aviation fuel, causing a price drop. Governments implemented travel restrictions and lockdowns, further exacerbating the industry's woes. As the world strives for recovery, the aviation fuel market is gradually rebounding, but uncertainties ...

The global heating oil bath market is experiencing robust growth, driven by increasing demand across various sectors. The pharmaceutical and chemical industries are major contributors, relying on precise temperature control for synthesis, testing, and quality control processes. Furthermore, the food and beverage industry utilizes heating oil baths for applications like pasteurization and specialized culinary techniques requiring consistent heat. The market is segmented by temperature range (less than 200°C and greater than or equal to 200°C), reflecting diverse application requirements. The higher temperature segment is expected to witness faster growth due to its suitability in high-temperature applications within the chemical and pharmaceutical sectors. While the market is competitive, with numerous manufacturers like Narang Scientific Works, Being Instrument, and Labozon contributing to product diversification and innovation, the focus is shifting towards energy-efficient and user-friendly designs. Technological advancements are also leading to improved temperature accuracy and control, contributing to enhanced product quality and safety across industries. Geographic expansion, particularly in developing economies with growing industrialization and healthcare infrastructure, represents a significant opportunity for market growth. The growth trajectory is projected to continue, fueled by increasing R&D investments in pharmaceuticals, expansion of the food processing industry, and the need for sophisticated laboratory equipment. However, factors like high initial investment costs and potential safety concerns related to oil usage might pose restraints. Nevertheless, the overall outlook remains positive, with the market poised for significant expansion over the forecast period (2025-2033). The market is expected to witness a steady increase in adoption across various regions, with North America and Europe currently holding substantial market share due to established industries and advanced research infrastructure. However, Asia Pacific is projected to experience significant growth, driven by rapid industrial development and increasing investments in research and development within the region. This growth will likely attract further investment and innovation in the heating oil bath market.

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, 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 March of 2025.

Crude oil futures symbols are unique identifiers used to represent specific crude oil futures contracts on commodity exchanges. This article explains the different symbols used for various types and delivery locations of crude oil futures, including the widely recognized West Texas Intermediate (WTI) crude oil futures symbol. It also highlights other popular symbols for Brent crude oil futures, gasoline futures, heating oil futures, and WTI Midland crude oil futures. Investors and traders must understand th

The gas and LNG market is forecast to be the only sector within the oil and gas industry to see an increase in investment volumes. In 2024, gas and LNG investments are expected to rise to 171 billion U.S. dollars, up from 131 billion U.S. dollars in 2021. The forecast comes in light of an energy supply crisis in late 2021, largely due to a gas shortage. A recent decision by the European Union to classify some gas as clean energy within it's Fit for 55 green transition package further cements how some governments continue to rely on this fossil fuel type while also stepping up reductions of coal and oil usage.

The Dow Jones Crude Oil index is a benchmark that tracks the performance of the crude oil industry. It provides investors with a snapshot of the overall trends and movements in the crude oil market. Crude oil is one of the most important commodities globally, as it is a primary source of energy and used in various industries such as transportation, manufacturing, and heating. The Dow Jones Crude Oil index allows investors to gauge the performance of the oil market as a whole and make informed investment dec

According to Cognitive Market Research, the global Low-Sulfur Fuel Oil (LSFO) market will be USD 49514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.50% from 2024 to 2031.

North America was the major Market, accounting for more than 40% of global revenue. With a market size of USD 19805.68 million in 2024, it will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 14854.26 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 11388.27 million in 2024, and will grow at a compound annual growth rate (CAGR) of 21.5% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 2475.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.9% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The Market was USD 990.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
The 2000 PPM held the highest Low Sulfur Fuel Oil - LSFO market revenue share in 2024.

Increasing Awareness of Air Quality Issues to Boost Market Growth

The increasing awareness of air quality issues serves as a pivotal driver in the Low Sulfur Fuel Oil (LSFO) market. As global environmental concerns escalate, there is a growing recognition of the adverse impact of traditional high-sulfur fuels on air quality and human health. Governments and regulatory bodies worldwide are implementing stringent emission standards to mitigate pollution, particularly in the maritime sector. This heightened awareness has led to a substantial shift toward cleaner and environmentally friendly alternatives, such as LSFO.

Stakeholders in various industries, including shipping and logistics, are now prioritizing sustainable practices to reduce their carbon footprint. The emphasis on air quality improvement has created a significant market demand for LSFO, as it aligns with the broader objective of reducing sulfur dioxide emissions and other harmful pollutants. Consequently, the LSFO market experiences a surge in adoption, driven by the imperative to address air quality concerns and promote a more sustainable and ecologically responsible approach to energy consumption.

Advancements in Refining Technologies to Boost Market Growth

Advancements in refining technologies play a pivotal role as a driver in the Low Sulfur Fuel Oil (LSFO) market. With the implementation of stringent sulfur emission regulations, refineries have been compelled to innovates their processes for producing cleaner fuels. The development of advanced refining techniques, such as hydrocracking and desulfurization methods, enables the efficient removal of sulfur from fuel oils, yielding low sulfur content in compliance with environmental standards. These technological strides not only enhance the production of LSFO but also contribute to increased fuel efficiency and reduced environmental impact. The continuous evolution of refining technologies empowers the industry to meet and surpass regulatory requirements, ensuring the production of high-quality LSFO. As a result, these advancements not only drive market growth but also foster sustainability by minimizing air pollution and supporting the global transition towards cleaner energy sources in maritime and other industries dependent on fuel oil.

Market Restraints of the Low Sulfur Fuel Oil LSFO market

Uncertainties in Global Crude Oil Prices to Limit Market Growth

Uncertainties in global crude oil prices serve as a significant restraint in the Low Sulfur Fuel Oil (LSFO) market. Fluctuations in crude oil prices impact the overall cost structure of LSFO production, leading to volatility in its market pricing. LSFO, derived from crude oil, is susceptible to variations in geopolitical events, economic conditions, and supply-demand dynamics. Sudden spikes or declines in crude oil prices can pose challenges for LSFO market participants, affecting their profitability and decision-making processes. Additionally, uncertainties surrounding future oil price trends create a challenging environment for long-term investment planning in LSFO production and infrastructure. Market players in the LSFOector must navigate these uncertainties...

As per Cognitive Market Research's latest published report, the Global Oil Exploration and Production market size is $3,588.98 Million in 2024 and it is forecasted to reach $5,116.57 Billion by 2031. Oil Exploration and Production Industry's Compound Annual Growth Rate will be 5.20% from 2024 to 2031. Market Dynamics of the Oil Exploration and Production Market

Market Driver for the Oil Exploration and Production Market

The increasing investment in oil sector by several government bodies worldwide elevates the market growth 

Many countries view a stable and secure energy supply as crucial for their economic development and national security. Investing in the oil sector helps ensure a reliable source of energy. Oil exploration and production contribute significantly to the economic growth of a country. Governments often invest in the oil sector to capitalize on the potential for high returns, which can be used to fund public services, infrastructure projects, and other essential programs. Despite efforts to transition to renewable energy sources, the global demand for oil remains high. Governments recognize the need to meet this demand and ensure a stable energy supply to support industrial processes, transportation, and other key sectors. The oil and gas industry encompasses activities linked to exploration, including the search for hydrocarbons, identification of high-potential areas for oil and gas extraction, test drilling, the construction of wells, and initial extraction. According to the Center on Global Energy Policy, data 2023, the 2021–22 period of high oil and gas prices did not lead to a significant increase in capital spending by private companies despite record profits. One exception has been upstream exploration and production (E&P) companies, whose capital spending in 2022 was the highest since 2014.   According to the International Labor Organization (ILO), data 2022, the oil and gas industry makes a significant contribution to the global economy and to its growth and development worldwide. The oil industry alone accounts for almost 3 per cent of global domestic product. The trade in crude oil reached US$640 billion in 2020, making it one of the world’s most traded commodities. Additionally, the industry is highly capital-intensive. Globally investments in oil and gas supply reached more than US$511 billion in 2020. According to the oil and gas industry outlook, data 2023, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. In 2022, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion at an assumed average Brent oil price of $106/bbl. Until now, the industry has practiced capital discipline and focused on cash flow generation and pay-out—2022 year-to-date average O&G production is up by 4.5% over the same period last year, while 2022 free cash flows per barrel of production is projected to be higher by nearly 70% over 2021. In addition, high commodity prices and growing concerns over energy security are creating urgency for many to diversify supply and accelerate the energy transition. As a result, clean energy investment by Oil &Gas companies has risen by an average of 12% each year since 2020 and is expected to account for an estimated 5% of total Oil & Gas capex spending in 2022, up from less than 2% in 2020.Therefore, investments made over recent decades enabled the United States to become a world leader in oil and natural gas production. Thus, owing to increased oil production, the demand for oil exploration and production has surged during the past few years.

The rising demand for oil across both commercial and residential sector is expected to drive the market growth 

Oil remains a primary source of energy for transportation, including cars, trucks, ships, and airplanes. The growing global population, urbanization, and increased industrial activity contribute to a rise in the number of vehicles and the overall demand for transportation fuels derived from oil, such as gasoline and diesel. Many industrial processes rely on oil and its by-products as energy sources and raw materials. Industries such as manufacturing, petrochemicals, and construction utilize oil-based products for various applications, including heating, power generation, and the production of pl...

US Shale Market Size was valued at USD 449 Billion in 2024 and is projected to reach USD 772 Billion by 2031, growing at a CAGR of 7% from 2024 to 2031.

The US shale market is primarily driven by advancements in drilling technologies, including hydraulic fracturing and horizontal drilling, which have significantly improved extraction efficiency and reduced production costs. Rising global energy demand and the need for energy independence further fuel investment and development in shale resources. The availability of abundant shale reserves, particularly in regions like the Permian Basin, strengthens the market’s growth potential.

Additionally, supportive government policies and infrastructure development, such as pipelines and export terminals, play a crucial role in market expansion. Volatile crude oil prices and geopolitical shifts also impact investment dynamics, while innovations in carbon capture and storage enhance the market’s sustainability outlook.

India Foreign Direct Investment: Inflow: USD: Petroleum and Natural Gas: Others: Fuel data was reported at 1.390 USD mn in Dec 2018. This records a decrease from the previous number of 49.410 USD mn for Jun 2018. India Foreign Direct Investment: Inflow: USD: Petroleum and Natural Gas: Others: Fuel data is updated quarterly, averaging 4.070 USD mn from Dec 2008 (Median) to Dec 2018, with 25 observations. The data reached an all-time high of 199.250 USD mn in Sep 2012 and a record low of 0.010 USD mn in Jun 2009. India Foreign Direct Investment: Inflow: USD: Petroleum and Natural Gas: Others: Fuel data remains active status in CEIC and is reported by Department of Industrial Policy and Promotion. The data is categorized under India Premium Database’s Investment – Table IN.OA007: Foreign Direct Investment Inflow: by Industry: USD.

Forecast: Gross Investment in Retail Sale of Automotive Fuel in Specialized Stores Sector in Italy 2024 - 2028 Discover more data with ReportLinker!

Offshore oil and gas services are not identified as a sector in the French classification of economic activities (NAF). They include a range of high value added segments among engineering services but also maritime works and manufacturing activities, some of which are included in other maritime activities analysed in the present report, e.g. maritime works (for offshore oil rig construction), LNG carrier building and cable and pipe making and laying. Turnover is analysed using a rough breakdown per main activity segment as proposed by the industry association. Value added and employment are estimated using INSEE data on larger business sectors. Exploration and production investment and fuel prices data are sourced from the oil and gas extraction industry and IMF, and supplement the description as key drivers of the activity.

Offshore oil and gas services are not identified as a sector in the French classification of economic activities (NAF). They include a range of high value added segments among engineering services but also maritime works and manufacturing activities, some of which are included in other maritime activities analysed in the present report, e.g. maritime works (for offshore oil rig construction), LNG carrier building and cable and pipe making and laying. Turnover is analysed using a rough breakdown per main activity segment as proposed by the industry association. Value added and employment are estimated using INSEE data on larger business sectors. Exploration and production investment and fuel prices data are sourced from the oil and gas extraction industry and IMF, and supplement the description as key drivers of the activity.

The global diesel as fuel market is projected to reach US$ 883.13 billion by 2033, growing at a CAGR of 2.09% from 2025 to 2033. The increasing adoption of diesel engines in heavy-duty vehicles, construction, mining, and marine applications is driving the market growth. The stringent emission norms and regulations imposed by governments worldwide are also fostering the demand for diesel additives, such as diesel particulate filters and selective catalytic reduction systems. Key market players include Sinopec, Repsol, Phillips 66, Husky Energy, CNOOC, TotalEnergies, Marathon Petroleum, Valero Energy, PetroChina, ExxonMobil, BP, Chevron, Eni, Shell, and Cenovus Energy. These companies are investing in research and development to enhance the efficiency and performance of diesel engines and fuels. The Asia-Pacific region is expected to witness significant growth due to the rising demand for diesel in emerging economies like China and India. North America and Europe are also expected to contribute to the market growth due to the increased adoption of diesel engines in the construction and mining sectors. Recent developments include: The global Diesel As Fuel Market is expected to reach USD 883.13 billion in 2023 and USD 1064.0 billion by 2032, exhibiting a CAGR of 2.09% during the forecast period. Increasing demand for diesel fuel in transportation, construction, agriculture, and industrial sectors is driving market growth. Government regulations promoting diesel fuel usage and technological advancements in diesel engines further contribute to the market's expansion. Key industry participants include BP, Chevron, Shell, ExxonMobil, and TotalEnergies, who are investing in research and development to enhance diesel fuel efficiency and reduce emissions.. Key drivers for this market are: Increased demand in construction, mining and transportation sectors Growing adoption in developing economies Technological advancements for emission reduction Expansion of power generation applications Rising environmental concerns.. Potential restraints include: Rising transportation demands stringent emission regulations, increasing infrastructure investments; technological advancements; and fluctuating crude oil prices..

The stranded assets Excel model supplements the article titled, “Stranded assets and reduced profits: Analyzing the economic underpinnings of the fossil fuel industry's resistance to climate stabilization” (hereafter, “main paper”), in Renewable and Sustainable Energy Reviews. This model can be used to obtain the main stranded assets results in the paper. It also contains formulas for estimating stranded assets using alternative discount rates, methods of projecting oil and gas supply, and production decline curves (used in the sensitivity analysis in the main paper and the supplementary material).

India Foreign Direct Investment: Inflow: INR: Petroleum and Natural Gas: Others: Fuel data was reported at 98.810 INR mn in Dec 2018. This records a decrease from the previous number of 3,336.900 INR mn for Jun 2018. India Foreign Direct Investment: Inflow: INR: Petroleum and Natural Gas: Others: Fuel data is updated quarterly, averaging 209.455 INR mn from Dec 2008 (Median) to Dec 2018, with 28 observations. The data reached an all-time high of 11,064.330 INR mn in Sep 2012 and a record low of 0.150 INR mn in Sep 2013. India Foreign Direct Investment: Inflow: INR: Petroleum and Natural Gas: Others: Fuel data remains active status in CEIC and is reported by Department of Industrial Policy and Promotion. The data is categorized under India Premium Database’s Investment – Table IN.OA006: Foreign Direct Investment Inflow: by Industry: INR.

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Mexico Oil And Gas Market Size 2025-2029

The Mexico oil and gas market size is forecast to increase by USD 38.9 billion at a CAGR of 3.4% between 2024 and 2029.

The Mexican oil and gas market exhibits significant growth potential due to several key factors. Abundant oil and gas resources, particularly in the Gulf of Mexico, provide a solid foundation for market expansion. Advancements in drilling technology, such as horizontal drilling and hydraulic fracturing, enable efficient extraction of these resources, boosting production levels. Additionally, the global shift towards cleaner energy sources is driving the increasing adoption of natural gas as a bridge fuel, creating new opportunities for market participants. In addition, Mexico is investing in renewable energy sources, including solar, wind, geothermal, and hydrogen energy, as part of the energy transition. However, challenges remain, including regulatory complexities, infrastructure limitations, and geopolitical risks, which may hinder market growth. Overall, the Mexican oil and gas market presents a dynamic and complex landscape, offering both opportunities and challenges for stakeholders.

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

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The Mexican oil and gas market is a significant player in the global energy sector, with a focus on both oil and natural gas production. The country's energy demand continues to grow, making it an attractive destination for international investment. Notable discoveries of gas hydrates have expanded the country's natural gas production capacity. The downstream sector, including oil refineries, is a primary contributor to the market, producing motor gasoline, petroleum fuel, and refined petroleum products. The oil refinery throughput in Mexico has increased, driven by rising demand for petroleum fuels. The market's size and direction are influenced by various factors, including sustainable practices, profit margins, and environmental concerns.


Fossil fuels, including oil and natural gas, remain the primary fuel sources, but the energy transition towards renewable energy sources is gaining momentum. Logistical complexities, such as deep-sea locations, land rights, and offshore drilling, pose challenges to production activities. Natural resources, including deep-water drilling techniques, are being leveraged to maximize production volume. Mexico's energy security is a critical consideration, as the country aims to meet its growing energy demands while addressing the complexities of the energy market.

How is this market segmented and which is the largest segment?

The market 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.

Type

  Upstream
  Downstream
  Midstream


Deployment

  Offshore
  Onshore


Application

  Residential
  Commercial
  Industrial


Product Type

  Crude oil
  Refined petroleum products
  Natural gas


Service

  Refining and petrochemical processing
  Pipeline infrastructure and transportation
  Exploration and drilling equipment
  Storage and distribution


Geography

  Mexico

By Type Insights

The upstream segment is estimated to witness significant growth during the forecast period. The Mexican oil and gas market encompasses the exploration, development, and production of crude oil and natural gas, denoted as the upstream segment. This segment involves critical operations including seismic surveys, drilling activities, well construction, and oil and gas transportation. Factors fueling growth in this sector include escalating energy demand, technological advancements, and supportive government policies. Mexico's energy consumption is on an upward trajectory, driven by urbanization and industrialization. Urban growth leads to heightened electricity demand for residential and commercial buildings, while industrialization intensifies energy usage in manufacturing and production processes. Key trends shaping the petroleum industry include energy efficiency, petroleum product innovation, and the exploration of unconventional resources like gas hydrates.

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Market Dynamics

Our Mexico Oil And Gas Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Mexico Oil And Gas Market?

Availability of adequate oil and gas resource potential is the key driver of the market. Mexico holds substantial oil and natural gas reserves, making it a significant player in the global ener