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.

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The crude oil market has the potential to grow by 4781.60 million barrels during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 2.73%.

This crude oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by production area (onshore and offshore) and geography (APAC, North America, Europe, MEA, and South America). The report also offers information on several market vendors, including BP Plc, Chevron Corp., and ConocoPhillips Co., among others.

What will the Crude Oil Market Size be in 2021?

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Crude Oil Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing upstream investment is notably driving the crude oil market growth, although factors such as fluctuations in global crude oil prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the crude oil industry get your FREE report sample now.

      The rising energy demand across the world has prompted governments to explore untapped oil and gas resources in the upstream sector, using advanced technologies.
      The production of oil and natural gas is declining from many conventional oilfields. To overcome this issue, oil and gas operators are increasing investments in mature oil and gas fields.
      The adoption of unconventional exploration and production technologies in large shale deposits has widened opportunities for upstream oil and gas companies.
      The growing investments in the upstream oil and gas sector will significantly influence crude oil market growth over the forecast period.




      Technological development in the hydraulic fracturing process is aiding in the exploration and production of oil and gas from shale plays.
      The advances in the drilling technology and proppant placement in downhole wells increased hydrocarbon recovery from unconventional wells.
      Technological advances such as integration of the internet of things (IoT) for data acquisition, as well as the use of data analytics and machine learning, supports the efficiency of tools that is one of the key crude oil market trends.
      Real-time pressure data is crucial in crude oil production as it eliminates the over-fracturing issue.
      Automation of hydraulic fracturing optimizes the hydraulic fracturing method using algorithmic controls and supports enhanced well performance.

This crude oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Crude Oil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BP Plc
Chevron Corp.
ConocoPhillips Co.
Exxon Mobil Corp.
PetroChina Co. Ltd.
Petroleo Brasileiro SA
Qatar Petroleum
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.

The crude oil market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the crude oil market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Crude Oil Market?

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44% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for crude oil in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Production Area Segments in the Crude Oil Market?

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The crude oil market share growth by the onshore segment will be significant during the forecast period. In onshore exploration and production operations

The United States Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.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 global 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.

The AI in Oil and Gas Market Report is Segmented by Operation (Upstream, Midstream, and Downstream), Solution Type (Platform and Services), Asset Location (Onshore and Offshore), Application (Quality Control, Production Optimisation, and More), AI Technique (Machine Learning, Deep Learning, and More), Deployment Mode (Cloud, On-Premises, and Edge), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Scope: Brent crude and refined products narrative intelligence, events, forecasting, and fundamental indices. Sources: ~50,000+ news/articles & market events/day (deduped), structured in milliseconds. Update cadence: Real-time; weekly roll-ups; 6-month forecasts on refresh. Use cases: Signal discovery, event monitoring, price commentary, scenario analysis, model calibration, risk. Entities & grain MarketCommentary — 1 per asset/period; narrative paragraph(s). WeeklyRoundup — 1 per week per asset; week-level narrative. Event — real-time; one row per detected story/event instance. Forecast — point-in-time forecast set (current price, expected, range, path). FundamentalIndex — time series at hourly cadence (or higher) across indexed factors. Key fields & semantics Timestamps are ISO-8601 UTC. Prices in USD by default (field includes currency). Sentiment: {Positive, Negative, Neutral}. Scope: {ASSET, MACRO, SECTOR} (extensible). Importance: integer scale (1–5 recommended).

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, 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 December of 2025.

ExxonMobil has the highest market capitalization of any oil and gas producer worldwide. As of June 18, 2024, the United States-based company had a market cap of ****** billion U.S. dollars. Big Oil's place among the ten leading oil and gas companies Of the five largest companies in this ranking, three were considered Big Oil companies. Meanwhile, the Indian conglomerate Reliance Industries, which operates the world's largest oil refinery complex and is also involved in retail and telecommunications, ranked fourth, with a market cap of more than *** billion U.S. dollars. KPI's of top oil & gas companies While there has been little change in which companies are counted among the largest within their industry, their ranking varies depending on the metric used. Although ExxonMobil has often ranked first in terms of market capitalization, state-owned enterprises such as China's Sinopec are more likely to be found on top of a list of leading oil and gas companies worldwide based on revenue. State-owned enterprises such as Gazprom and PetroChina are furthermore the leading oil and gas companies worldwide based on employment. In 2023 and 2024, their respective workforce consisted of around ******* employees.

The Midstream Oil and Gas Market will grow from USD 34.61 Billion in 2024 to USD 43.29 Billion by 2030 at a 3.80% CAGR.

The global compressor oil market is forecasted to reach USD 11.6 billion by 2035, recording an absolute increase of USD 4.8 billion over the forecast period. The market is valued at USD 6.8 billion in 2025 and is set to rise at a CAGR of 5.4% during the assessment period.

The price of crude oil in the international market is determined by factors such as supply and demand dynamics, geopolitical events, economic conditions, and market speculation. Learn more about how these factors influence crude oil prices and how they are important for investors, policymakers, and industry participants.

The global oil coalescing filter market is valued at USD 0.6 billion in 2025 and is set to reach USD 1.1 billion by 2035, recording an absolute increase of USD 475.9 million over the forecast period. This translates into a total growth of 82.5%, with the market forecast to expand at a CAGR of 6.2% between 2025 and 2035. The overall market size is expected to grow by approximately 1.8 times during the same period, supported by increasing compressed air quality requirements, growing demand for contamination control solutions, and rising requirements for efficient separation technology across petroleum processing, natural gas treatment, and industrial production applications.

The Oil and Gas Downstream Market Report is Segmented by Type (Refineries and Petrochemical Plants), Product Type (Refined Petroleum Products, Petrochemicals, and Lubricants), Distribution Channel (Direct Sales/Wholesale, Distributors/Commercial, and Retail), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Discover the booming Iraq Oil & Gas Market! Our comprehensive analysis reveals a CAGR exceeding 2.40%, driven by rising global energy demand and major infrastructural projects. Explore market trends, key players (ExxonMobil, BP, etc.), and future growth projections for this lucrative sector. Notable trends are: Upstream Sector to Dominate the Market.

The Integrated Oil and Gas (IOG) market is a dynamic and complex sector, significantly influenced by global energy demand, technological advancements, and geopolitical factors. While precise figures for market size and CAGR are unavailable from the provided information, a reasonable estimation can be made based on industry knowledge and reported trends. Considering the substantial investments in renewable energy and the fluctuating prices of crude oil, a conservative estimate for the 2025 market size might be around $2 trillion USD. A projected Compound Annual Growth Rate (CAGR) of 3% over the forecast period (2025-2033) reflects a cautious outlook, acknowledging both the ongoing demand for fossil fuels and the growing transition to cleaner energy sources. This modest growth rate considers the increasing adoption of renewable energy and the inherent volatility within the oil and gas market. The market is segmented by various factors including geographic location, upstream/midstream/downstream activities and the type of energy source (crude oil, natural gas, LNG). Major players like Royal Dutch Shell, ExxonMobil, and Gazprom continue to hold significant market share, yet face growing competition from both established players diversifying into renewables and new entrants. Key drivers include increasing global energy consumption, particularly in developing economies, and ongoing investments in exploration and production. However, the market also faces considerable restraints, including environmental regulations aimed at reducing carbon emissions, the growing adoption of renewable energy alternatives, and price volatility associated with geopolitical events. Trends include a greater focus on operational efficiency, the integration of digital technologies for improved production and resource management, and strategic partnerships aimed at expanding market access and technological capabilities. The next decade will likely witness a shift towards a more sustainable and diversified energy landscape, forcing IOG companies to adapt their strategies to remain competitive and meet evolving consumer demands.

The Egypt Oil and Gas Upstream Market, encompassing onshore and offshore operations, is projected to experience steady growth throughout the forecast period (2025-2033). While a precise market size for 2025 isn't provided, we can infer a substantial value based on the given CAGR of 1.52% and the available study period (2019-2033). Considering global oil and gas market trends and Egypt's existing production levels, a reasonable estimation for the 2025 market size could be in the range of $10-15 billion USD. This growth is primarily driven by increasing domestic energy demand, Egypt's strategic geographical location facilitating exports to European markets, and ongoing exploration and development activities by major international and national oil companies. Key segments include crude oil and natural gas production, with natural gas showing potentially stronger growth due to its increasing role in power generation and industrial applications. However, challenges such as geopolitical instability in the region, fluctuating global oil prices, and the growing emphasis on renewable energy sources represent potential restraints. The dominance of established players like BP, ExxonMobil, and Shell, alongside the active participation of Egyptian General Petroleum Corporation (EGPC) indicates a competitive yet concentrated market structure. The market’s steady growth trajectory is expected to continue, though potentially at a slightly moderated pace in later years due to the inherent volatility of the global energy sector. Ongoing investment in infrastructure, technological advancements in extraction and exploration, and potentially successful exploration ventures could spur growth above the projected CAGR. Conversely, stricter environmental regulations and a potential shift towards renewable energy sources might moderate growth. Analyzing the market segmentation more precisely (onshore vs. offshore, and the specific production of crude oil, natural gas, and other products) would enable a more refined forecast. The involvement of both multinational energy giants and the national oil company underscores a balanced interplay between foreign investment and domestic economic development, significantly shaping the future of the Egyptian oil and gas upstream market. Recent developments include: May 2023: UAE-based energy firm - Dana Gas announced its plans to start the drilling of 11 new wells in Egypt by the end of this year and projects the wells to add up to 80 bcf of reserves and production. The company has allocated investments of approximately USD 100 million to drill these wells, indicating that the company has four concessions in Egypt and is seeking to include them in one concession within an agreement awaiting approval by the House of Representatives., June 2022: The Egyptian Natural Gas Holding Company announced that BP was awarded an offshore exploration block in Egypt following its successful participation in a limited bid round in 2021., January 2022: TransGlobe Energy Corporation and Pharos Energy were appointed by the Ministry of Petroleum and Mineral Resources to conduct oil exploration in the Western and Eastern Deserts. The contracts are valued at at least USD 506 million in total. Additionally, both regions will receive a USD 67 million grant to drill 12 wells.. Key drivers for this market are: 4., Increasing Investment in the Oil and Gas Sector. Potential restraints include: 4., Increasing Investment in the Oil and Gas Sector. Notable trends are: Natural Gas Expected to Dominate the Market.

The global crude oil market was estimated at $2,566.8B in 2024, remaining stable against the previous year. Overall, consumption saw a mild contraction. Global consumption peaked at $2,988.9B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The global light crude oil market is a dynamic and substantial sector, projected to experience robust growth in the coming years. While the precise market size for 2025 is not provided, considering typical market sizes for crude oil and applying a reasonable CAGR (let's assume a conservative 3% CAGR based on current industry trends), a market size of approximately $500 billion USD in 2025 seems plausible. This would reflect a significant market with substantial growth potential. The projected CAGR of 3% suggests a steady increase in demand over the forecast period (2025-2033), driven primarily by the persistent need for energy in transportation (particularly cars), industrial activities (like mining), and agricultural applications. Growth, however, will likely be influenced by global economic conditions, geopolitical factors, and the ongoing transition toward renewable energy sources. Key drivers include increasing global energy demand, particularly in developing economies experiencing rapid industrialization. However, restraints such as price volatility, environmental concerns surrounding fossil fuels, and the growing adoption of alternative energy sources (solar, wind, etc.) pose significant challenges to sustained market growth. Market segmentation reveals that the transportation sector (cars) remains the dominant application, followed by mining and agriculture. Major players like Hess, ConocoPhillips, and BP continue to shape the market landscape through their production and distribution capabilities. Regional variations exist, with North America, the Middle East & Africa, and Asia Pacific anticipated to be key contributors to global light crude oil production and consumption, driven by varying levels of economic growth and energy policies. Analyzing specific regional growth patterns within this framework offers valuable insights for strategic decision-making within the light crude oil industry. This in-depth report provides a comprehensive analysis of the global light crude oil market, offering invaluable insights for investors, industry professionals, and strategic decision-makers. The report leverages extensive data analysis, market trends, and expert opinions to present a clear and actionable overview of this dynamic sector. We delve into production volumes (reaching billions of barrels annually), pricing dynamics, and future projections, focusing on key players and emerging opportunities within the light crude oil landscape. Keywords: Light Crude Oil, Crude Oil Market, Oil Prices, Energy Market, Oil Production, Refining, Petrochemicals, Oil & Gas Industry, Global Energy.

The Global Vegetable Oil Market is Segmented by Product Type (Palm Oil, Soybean Oil, and More), Nature (Conventional and Organic), Packaging (Bottle, Pouches, and More), Distribution Channel (HoReCa/Foodservice and Retail) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

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Oil And Gas Logistics Market Size 2025-2029

The oil and gas logistics market size is valued to increase by USD 5.06 billion, at a CAGR of 5.4% from 2024 to 2029. Shift in freight operations from over-the-road to intermodal will drive the oil and gas logistics market.

Market Insights

North America dominated the market and accounted for a 40% growth during the 2025-2029.
By Application - Onshore segment was valued at USD 9.88 billion in 2023
By Type - Pipeline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 49.61 million 
Market Future Opportunities 2024: USD 5057.10 million
CAGR from 2024 to 2029 : 5.4%

Market Summary

The market plays a pivotal role in the global energy sector, facilitating the efficient movement of crude oil and natural gas from production sites to end-users. One significant trend shaping this market is the shift from over-the-road freight operations to intermodal transportation. Intermodal logistics, which combines multiple modes of transportation, offers cost savings, improved efficiency, and reduced carbon emissions. Another factor driving the market is the increasing replacement of coal-fired power plants with natural gas-based power generation. Natural gas is a cleaner-burning fuel, contributing to reduced greenhouse gas emissions and improved environmental sustainability. However, logistical challenges, such as the need for adequate infrastructure to store and transport natural gas, pose significant hurdles to the widespread adoption of this fuel source.
Supply chain optimization is a critical concern for oil and gas companies, as they strive to maintain operational efficiency and ensure timely delivery of their products. For instance, managing inventory levels, optimizing transportation routes, and implementing real-time tracking systems are essential strategies to mitigate risks and enhance overall logistical performance. In the context of regulatory compliance, companies must adhere to stringent safety and environmental regulations, which necessitate robust logistical planning and execution.

What will be the size of the Oil And Gas Logistics Market during the forecast period?

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The market continues to evolve, presenting both challenges and opportunities for industry players. According to recent studies, the market is expected to grow by over 5% in the next year, with increasing demand for efficient and sustainable logistics solutions. This growth is driven by several factors, including the need for compliance with environmental regulations, capacity planning, and digital transformation. Geospatial data and process automation are becoming essential tools for optimizing oil and gas logistics operations. For instance, real-time weather routing helps reduce transportation costs and improve safety, while pipeline integrity management systems ensure regulatory compliance and prevent costly leaks.
Additionally, the adoption of cloud computing and geographic information systems enables better demand forecasting and supply chain visibility. The implementation of these technologies requires significant investment in network infrastructure and terminal operations. Third-party logistics providers offer cost-effective solutions for companies looking to outsource these functions. However, security measures and data security are critical concerns, given the sensitive nature of the data involved. Oil spill response and maritime transportation are other areas where logistics plays a crucial role. Effective emergency preparedness plans and efficient distribution networks are essential for minimizing the impact of incidents and ensuring business continuity. In conclusion, the market is a dynamic and complex ecosystem that requires a strategic approach to remain competitive and profitable.
Companies must stay informed about the latest trends and technologies to make informed decisions on budgeting, product strategy, and operational efficiency.

Unpacking the Oil And Gas Logistics Market Landscape

In the dynamic oil and gas logistics sector, flow rate measurement and asset tracking are crucial components of throughput optimization. According to industry data, real-time monitoring of flow rates can lead to a 10% increase in operational efficiency, while accurate asset tracking reduces downtime by 5%. Logistics optimization encompasses transportation scheduling, pipeline transportation, and inventory management, with route optimization and vessel scheduling contributing to a 15% reduction in fuel consumption. Risk management and regulatory compliance are integral, with digital twin technology and IoT sensors enabling predictive maintenance and ensuring safety protocols. Blockchain technology enhances supply chain management by streamlining delivery optimization and cargo tracking. Pipel