Natural gas rose to 3.09 USD/MMBtu on August 1, 2025, up 0.10% from the previous day. Over the past month, Natural gas's price has fallen 11.31%, but it is still 57.26% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on August of 2025.

TTF Gas fell to 33.80 EUR/MWh on August 1, 2025, down 3.98% from the previous day. Over the past month, TTF Gas's price has risen 1.48%, but it is still 7.79% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on August of 2025.

Dutch TTF gas futures amounted to **** euros per megawatt hour on July 28, 2025 for contracts with delivery in August 2025. Figures decreased compared to the previous week. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ** U.S. dollars per million British thermal units in late July 2025.

UK Gas fell to 83.25 GBp/thm on August 1, 2025, down 4.14% from the previous day. Over the past month, UK Gas's price has risen 4.94%, but it is still 7.33% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on August of 2025.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

This data is the month-end data of the time series from January 2009 to March 2023 for four commodities such as gold soybean crude oil and natural gas. These time series data can be used to estimate the market's short-term interest rate along with the Vasicek model and joint radiation term structure model.

The timing flexibility of investments in oil and gas assets can potentially add value. In this article, we examine the value of waiting in exploration projects and propose a real option–based valuation method using least-squares Monte Carlo simulation. We show that the dynamics of the oil and gas prices have a large impact on the value of the option to wait, especially for projects with long lead times and durations. The uncertainty in the forward price curve is modeled using a two-factor stochastic price process. The article also presents the valuation method in the form of MATLAB functions and routines that can be used as an efficient test and analysis platform using the industry-standard input formats.

This data is the month-end data of the time series from January 2009 to March 2023 for four commodities such as gold soybean crude oil and natural gas. These time series data can be used to estimate the market short-term interest rate together with the Vasicek model and the joint radiation term structure model

The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

Gasoline fell to 2.11 USD/Gal on August 1, 2025, down 2.93% from the previous day. Over the past month, Gasoline's price has fallen 0.36%, and is down 9.53% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on August of 2025.

Exploring the mechanisms of competition for water resources in the regional food and energy industries,taking effective countermeasures in advance will help to promote the sustainable development of the regional food and energy industries. Based on the theory of water footprint, this paper quantifies the water footprint of grain and energy in Shanxi Province, China, and the competition index of energy-grain industry to water resources. Through the ratio of grain blue water and energy water footprint to total water consumption in the region, this study coupled the characteristics of their proportional changes to obtain a competition index that can characterize the competition relationship between regional food and energy industries for water resources. The results showed that (1) In 2000–2021, although the grain yield increased by 81.1%, the grain water footprint only increased by 11.2%, with an average annual growth of 1.0%. The proportion of blue, green and gray water footprints changed from 14.1%, 54.3% and 31.6% in 2000 to 18.8%, 41.2% and 39.9% in 2021, respectively. (2) The energy water footprint increased at an average annual rate of 10.8%, an increase of 544.7% over the period. The coal, natural gas and thermal water footprints in 2021 have increased by a factor of 2.7, 109.2 and 4.0, respectively, compared to 2000. Coal’s share of the energy water footprint is 70.6%. (3) The average value of the food and energy industry’s competition index for water resources is 0.77, increasing from 0.42 in 2000 to 0.94 in 2021, an average annual increase of 4.3%. These results show that the future sustainable development of the region is facing the major challenge. Therefore, from the perspective of reducing the demand for crop and energy water footprint, some suggestions are put forward to effectively promote the healthy development of the region.

Stainless Steel Gas Tubes and Fittings Market Outlook

The global stainless steel gas tubes and fittings market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 13.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The market growth is driven by the increasing demand for durable and corrosion-resistant materials in various applications, including oil & gas, chemical & petrochemical, and power generation. Additionally, the rise in construction activities and the expansion of industrial sectors in emerging economies further bolster the market growth.

One of the primary growth factors in this market is the burgeoning oil and gas industry. With the global demand for energy on the rise, there is a significant need for advanced infrastructure that ensures the safe and efficient transportation of gas. Stainless steel gas tubes and fittings are favored for their superior resistance to high temperatures and corrosive environments, making them ideal for use in oil and gas pipelines. Furthermore, advancements in extraction technologies, such as hydraulic fracturing and deep-water drilling, are expected to further drive the demand for these components.

In addition to the oil and gas sector, the chemical and petrochemical industries are also major contributors to the growth of the stainless steel gas tubes and fittings market. These industries require materials that can withstand harsh chemical reactions and extreme temperatures. The inherent properties of stainless steel, such as its robustness, durability, and resistance to corrosion, make it an ideal choice for use in reactors, storage tanks, and other critical applications. The increasing production of chemicals and petrochemicals, driven by growing demand in end-user industries such as pharmaceuticals, agriculture, and consumer goods, further fuels market growth.

The power generation sector represents another significant growth avenue for the market. With the global shift towards cleaner energy sources and the modernization of existing power infrastructure, there is an escalating requirement for materials that offer reliability and longevity. Stainless steel gas tubes and fittings are extensively used in power plants, particularly in gas turbines and nuclear reactors, due to their ability to perform under high stress and corrosive conditions. This growing emphasis on energy efficiency and sustainability is expected to propel the market forward.

From a regional perspective, Asia Pacific is anticipated to witness the highest growth rate in the stainless steel gas tubes and fittings market. The rapid industrialization and urbanization in countries such as China, India, and Japan, coupled with significant investments in infrastructure projects, have created a robust demand for stainless steel products. Additionally, the presence of a large number of chemical and petrochemical plants in the region further supports market growth. North America and Europe are also substantial markets, driven by the established oil & gas and chemical industries, along with the continuous upgrading of power generation facilities.

Compression Tube Fitting technology is becoming increasingly crucial in the stainless steel gas tubes and fittings market. These fittings are designed to provide secure, leak-proof connections in high-pressure environments, making them indispensable in industries such as oil & gas, chemical processing, and power generation. The precision and reliability of compression tube fittings ensure that they can handle the rigorous demands of these sectors, where safety and efficiency are paramount. As industries continue to evolve and demand more robust solutions, the role of compression tube fittings is expected to grow, offering enhanced performance and longevity in various applications. Their adaptability to different materials and sizes further underscores their importance in the market, allowing for seamless integration into existing systems.

Product Type Analysis

The stainless steel gas tubes and fittings market can be segmented by product type into seamless tubes, welded tubes, and tube fittings. Seamless tubes are highly valued for their uniform strength and ability to withstand high pressure, making them suitable for critical applications in the oil & gas, chemical, and power generation industries. These tubes are manufactured through a process that involves the extrusion of steel billets, which results

On July 28, 2025, the Brent crude oil price stood at 69.68 U.S. dollars per barrel, compared to 66.71 U.S. dollars for WTI oil and 70.98 U.S. dollars for the OPEC basket. Brent and OPEC prices rose slightly that week, while 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.

According to Cognitive Market Research, the global data business in oil gas market size will be USD 41251.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 19.80% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 15263.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11963.02 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 9900.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 21.8% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1567.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 18.8% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1650.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.1% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 907.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.5% from 2025 to 2033.
Regulatory data category is the fastest growing segment of the data business in oil gas industry

Market Dynamics of Data Business in Oil Gas Market

Key Drivers for Data Business in Oil Gas Market

Integration of Cloud Computing for Data Storage and Accessibility Fuels Market Growth

Integration of cloud computing for data storage and accessibility fuels market growth in the data business in oil gas market. Cloud computing enables oil and gas companies to store vast amounts of operational and exploration data in a scalable, secure, and cost-effective manner. It enhances collaboration among teams across different locations by providing real-time access to critical information. This improves decision-making, operational efficiency, and response times. Furthermore, cloud platforms support advanced analytics, machine learning, and remote monitoring applications essential for modern oilfield operations. As the industry continues to embrace digital transformation, the demand for cloud-based solutions is expected to rise significantly, driving growth in the data business in oil gas market globally.

Advancements in Artificial Intelligence and Machine Learning for Optimization Drives Market Growth

Advancements in Artificial Intelligence (AI) and Machine Learning (ML) are significantly driving growth in the data business in oil gas market. These technologies enable predictive analytics, process automation, and real-time decision-making, enhancing operational efficiency across exploration, drilling, and production. AI and ML help identify patterns in massive datasets, allowing operators to forecast equipment failures, reduce downtime, and optimize asset performance. Their integration supports cost reduction and improves safety by automating routine tasks and minimizing human intervention. With growing pressure to enhance productivity and manage resources effectively, the adoption of AI and ML is becoming essential. As a result, these advancements are a key force propelling the data business in oil gas market forward.

Restraint Factor for the Data Business in Oil Gas Market

Resistance to Change from Traditional to Digital Processes among Operators Restricts Market Growth

In the data business in oil gas market, one significant challenge is the resistance to change from traditional to digital processes among operators. Many oil and gas companies have long relied on conventional methods and legacy systems, creating hesitation when it comes to adopting new digital solutions. This resistance often stems from a lack of digital literacy, concerns over costs, and uncertainty about the return on investment. Additionally, older infrastructures may not easily integrate with modern data platforms, further slowing the transition. This reluctance hampers the implementation of advanced technologies such as AI, IoT, and cloud computing, ultimately restricting the market’s potential growth and slowing innovation across the industry.

Market Trends in Data Business in Oil Gas Market

Development of Advanced Remote Monitoring Tools for Offshore and Rem...

Crude Oil fell to 67.26 USD/Bbl on August 1, 2025, down 2.89% from the previous day. Over the past month, Crude Oil's price has fallen 0.28%, and is down 8.51% 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.

Well Test Market Outlook

The well test market size is projected to experience significant growth, with an estimated value of USD 8.3 billion in 2023 and expected to reach USD 12.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1%. This growth is primarily driven by increasing energy demand and technological advancements in exploration and production activities. The vital role of well testing in assessing reservoir performance and optimizing oil and gas output further propels this market forward. As companies strive to enhance their recovery rates and extend the lifecycle of their assets, the demand for efficient and precise well testing services becomes more pronounced.

One of the primary growth factors for the well test market is the continual rise in global energy consumption. With the expanding industrial sector, urbanization, and economic growth, the demand for oil and gas is expected to maintain a steady incline. This persistent demand necessitates the exploration of new reserves and the optimization of existing ones, thereby driving the need for comprehensive well testing services. Additionally, the volatility of oil prices often prompts operators to focus on maintaining efficient production levels, further underscoring the importance of well testing in ensuring that wells are operating at maximum efficiency and profitability.

Technological advancements represent another significant growth factor in the well test market. Innovations such as real-time data analysis, remote monitoring, and automation have revolutionized well testing processes, making them more accurate and less time-consuming. These technologies allow operators to make quick and informed decisions, thus minimizing risks and operational costs. Moreover, the integration of digital solutions and artificial intelligence into well testing enhances the precision and reliability of data, enabling better reservoir management and optimization strategies. Such technological progress is instrumental in driving market expansion, as companies seek to leverage these advancements to remain competitive and efficient.

The increasing focus on environmental regulations and sustainable energy practices is also bolstering the growth of the well test market. Governments and regulatory bodies worldwide are imposing stricter guidelines to minimize the environmental impact of oil and gas extraction activities. As a result, there is a growing demand for well testing services that can ensure compliance with these regulations while maximizing resource recovery. This shift towards sustainable practices encourages the development of advanced testing technologies that reduce emissions and environmental footprint, thereby creating new opportunities for market growth.

Regionally, the well test market exhibits varying dynamics, influenced by regional energy policies and resource availability. North America, with its mature oil and gas industry, continues to dominate the market due to its robust shale exploration activities and well-established infrastructure. Meanwhile, the Asia Pacific region is witnessing rapid growth, driven by increasing energy demand and significant investments in offshore exploration. The Middle East and Africa, rich in hydrocarbon reserves, also present substantial opportunities, as countries in these regions strive to optimize their oil and gas production to meet global energy demands. Europe and Latin America are expected to experience moderate growth, bolstered by advancements in exploration technologies and a focus on sustainable energy practices.

Service Type Analysis

The service type segment in the well test market is critical, comprising various testing methodologies including Drill Stem Testing, Surface Testing, Downhole Testing, and Reservoir Testing. Drill Stem Testing (DST) is a prominent service type due to its ability to evaluate the potential of a newly drilled well. It provides vital data on the well's flow capabilities and reservoir pressure, helping operators make informed decisions regarding future production. The effectiveness of DST in identifying well performance under dynamic conditions makes it an indispensable tool, driving its demand across the industry. As exploration activities expand into deeper and more complex formations, the need for reliable DST services continues to grow.

Surface Testing plays an equally important role in the well test market. This type of testing involves the evaluation and measurement of hydrocarbons at the surface. Surface Testing is essential for establishing flow rates, assessing fluid properties, and ensuring the safety

Propane fell to 0.70 USD/Gal on August 1, 2025, down 2.49% from the previous day. Over the past month, Propane's price has fallen 3.32%, and is down 3.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on August of 2025.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Brent fell to 69.48 USD/Bbl on August 1, 2025, down 3.10% from the previous day. Over the past month, Brent's price has risen 0.54%, but it is still 9.54% lower than a year ago, 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.

Naphtha fell to 554.84 USD/T on July 31, 2025, down 0.05% from the previous day. Over the past month, Naphtha's price has risen 2.82%, but it is still 15.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Naphtha - values, historical data, forecasts and news - updated on August of 2025.