The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of July. 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.

As of July 2025, the average annual price of Brent crude oil stood at 71.79 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.

This table shows the consumption and producer prices of energy. Energy consumption figures for total energy commodities, natural gas, crude oil, hard coal and other energy commodities are primary consumption. Figures for electricity are final consumption. The figures for producer prices refer to energy available for domestic consumption. This is the price of producers or importers for the delivery of the energy product. Data is available from January 1995 up to December 2017 Status of the figures Energy consumption: All figures from 1995 up to 2014 are definite. Figures of 2015 up to 2016 are revised provisional and figures of 2017 are provisional. Producer price: All figures from 1995 up to July 2017 are definite. Figures from August 2017 are provisional. The status of the figures will not be changed, because this table has been discontinued. Changes as of January 31th 2019: None. This table has been discontinued. Because of the change of the baseline of the producer price index, this table cannot be continued. When will new figures be published? Not applicable anymore.

Kazakhstan GDP: GVA: Oil & Gas Sector: PS: Crude Oil & Natural Gas Extraction, Services data was reported at 5,588,914.800 KZT mn in 2017. This records an increase from the previous number of 4,882,288.400 KZT mn for 2016. Kazakhstan GDP: GVA: Oil & Gas Sector: PS: Crude Oil & Natural Gas Extraction, Services data is updated yearly, averaging 4,460,496.600 KZT mn from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 5,588,914.800 KZT mn in 2017 and a record low of 2,561,064.000 KZT mn in 2009. Kazakhstan GDP: GVA: Oil & Gas Sector: PS: Crude Oil & Natural Gas Extraction, Services data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A021: GDP: Gross Value Added: Current Price: Oil and Gas Sector.

Brazil Average Reference Price: Natural Gas: Bahia data was reported at 585.914 BRL/1000 Cub m in 2018. This records an increase from the previous number of 543.142 BRL/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: Bahia data is updated yearly, averaging 406.778 BRL/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 585.914 BRL/1000 Cub m in 2018 and a record low of 196.842 BRL/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: Bahia data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Brazil Average Reference Price: Natural Gas: USD: Rio de Janeiro data was reported at 156.814 USD/1000 Cub m in 2018. This records an increase from the previous number of 141.157 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD: Rio de Janeiro data is updated yearly, averaging 173.252 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 319.803 USD/1000 Cub m in 2011 and a record low of 69.213 USD/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: USD: Rio de Janeiro data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Gasoline Prices in Canada increased to 1.05 USD/Liter in August from 1.02 USD/Liter in July of 2025. This dataset provides the latest reported value for - Canada Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline Prices in Qatar increased to 0.54 USD/Liter in August from 0.52 USD/Liter in July of 2025. This dataset provides - Qatar Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gas export to Japan has become an important source of revenue for Indonesia since the 1970s. Traditionally, the gas was priced with linkage to the oil price. However, changes in the market during the early 2010s has put pressure to this traditional pricing mechanism. Using the Vector Auto-regression (VAR) approach, this research aims to understand whether the spot LNG import pricing in Japan is moving away from JCC linkage or not, and the extent of the change if there is any. LNG price analyzed in this research is the Japanese spot cargo import price, published by the Japanese Ministry of Economy, Trade and Industry from March 2014 to November 2017. The Japanese LNG spot price was regressed against US Henry Hub (HH) and UK NBP gas hub prices, Japan Customs-Cleared (JCC) crude oil price, and Japan imported coal price in the same period.The historical decomposition of the VAR model suggests that the spot LNG price in Japan were increasingly affected by US Henry Hub and UK NBP gas prices, while the effect of JCC crude oil price is weaker, and Japanese imported coal having no significant effect towards Japanese spot LNG price. The impact of mature gas hub prices is also dynamic: HH is showing stronger effect in the mid 2016, then it changed to the domination of NBP in mid 2017.The result further indicates the increasing connectivity of gas price around the world, with US and UK price affecting Japanese gas price through spot LNG trade. Due to the demand condition in Japan and East Asian market in general, the continuation of US/European gas hub price effect is likely to happen until early 2020s, as the slight deficit in this region might be fulfilled by spot LNG import. Under the new domestic gas pricing regulation in Indonesia, the continuation of NBP impact towards gas pricing in Japan might reduce the price to the level at which fulfilling the increasing domestic gas demand is more efficient than exporting LNG.

Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Natural Gas data was reported at 453,414.300 KZT mn in 2017. This records a decrease from the previous number of 480,516.100 KZT mn for 2016. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Natural Gas data is updated yearly, averaging 361,054.200 KZT mn from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 582,930.500 KZT mn in 2011 and a record low of 243,826.900 KZT mn in 2015. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Natural Gas data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A021: GDP: Gross Value Added: Current Price: Oil and Gas Sector.

Brazil Average Reference Price: Natural Gas: USD data was reported at 182.907 USD/1000 Cub m in 2018. This records an increase from the previous number of 168.118 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD data is updated yearly, averaging 182.907 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 310.944 USD/1000 Cub m in 2008 and a record low of 68.458 USD/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: USD data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Brazil Average Reference Price: Natural Gas: USD: Bahia data was reported at 164.563 USD/1000 Cub m in 2018. This records a decrease from the previous number of 169.559 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD: Bahia data is updated yearly, averaging 169.559 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 293.702 USD/1000 Cub m in 2008 and a record low of 67.377 USD/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: USD: Bahia data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Natural Gas Transportation: Pipeline data was reported at 486,849.700 KZT mn in 2017. This records an increase from the previous number of 389,326.200 KZT mn for 2016. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Natural Gas Transportation: Pipeline data is updated yearly, averaging 199,652.600 KZT mn from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 486,849.700 KZT mn in 2017 and a record low of 88,275.100 KZT mn in 2009. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Natural Gas Transportation: Pipeline data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A021: GDP: Gross Value Added: Current Price: Oil and Gas Sector. The Agency of Statistics of the Republic of Kazakhstan classified Natural Gas Transportation: Pipeline as a Primary Sector Activity of the Oil & Gas Sector until 2015.

Brazil Average Reference Price: Natural Gas: Espírito Santo data was reported at 774.284 BRL/1000 Cub m in 2018. This records an increase from the previous number of 594.459 BRL/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: Espírito Santo data is updated yearly, averaging 402.536 BRL/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 774.284 BRL/1000 Cub m in 2018 and a record low of 183.739 BRL/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: Espírito Santo data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Brazil Average Reference Price: Natural Gas: USD: Rio Grande do Norte data was reported at 154.039 USD/1000 Cub m in 2018. This records an increase from the previous number of 143.028 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD: Rio Grande do Norte data is updated yearly, averaging 174.982 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 314.220 USD/1000 Cub m in 2010 and a record low of 72.777 USD/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: USD: Rio Grande do Norte data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Brazil Average Reference Price: Natural Gas: USD: Paraná data was reported at 125.367 USD/1000 Cub m in 2018. This records an increase from the previous number of 100.556 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD: Paraná data is updated yearly, averaging 125.367 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 305.165 USD/1000 Cub m in 2009 and a record low of 0.000 USD/1000 Cub m in 2012. Brazil Average Reference Price: Natural Gas: USD: Paraná data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Brazil Average Reference Price: Natural Gas: USD: São Paulo data was reported at 106.012 USD/1000 Cub m in 2018. This records an increase from the previous number of 99.511 USD/1000 Cub m for 2017. Brazil Average Reference Price: Natural Gas: USD: São Paulo data is updated yearly, averaging 179.042 USD/1000 Cub m from Dec 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 300.724 USD/1000 Cub m in 2008 and a record low of 65.685 USD/1000 Cub m in 2002. Brazil Average Reference Price: Natural Gas: USD: São Paulo data remains active status in CEIC and is reported by National Petroleum Agency. The data is categorized under Brazil Premium Database’s Energy Sector – Table BR.RBG007: Average Reference Price: Natural Gas.

Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Crude Oil & Associated Gas data was reported at 90,984.100 KZT mn in 2017. This records an increase from the previous number of 56,138.300 KZT mn for 2016. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Crude Oil & Associated Gas data is updated yearly, averaging 59,068.850 KZT mn from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 90,984.100 KZT mn in 2017 and a record low of 40,816.400 KZT mn in 2012. Kazakhstan GDP: GVA: Oil & Gas Sector: TS: Wholesale Trade of Crude Oil & Associated Gas data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A021: GDP: Gross Value Added: Current Price: Oil and Gas Sector.