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 global crude oil market size reached approximately 100.50 MB/d in 2024. The market is projected to grow at a CAGR of 0.90% between 2025 and 2034, reaching around 109.92 MB/d by 2034.

The linseed oil market is anticipated to generate USD 9,363.4 million in sales revenue globally in 2025. It is projected to expand at a CAGR of 6%, reaching an estimated worth of USD 16,824.6 million by 2035.

Attributes	Description
Industry Size (2025E)	USD 9,363.4 million
Industry Value (2035F)	USD 16,824.6 million
Value-based CAGR (2025 to 2035)	6%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
India	18.00%
China	4.80%

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).

The global corn oil market size was valued at USD 6.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 11.47 Billion by 2033, exhibiting a CAGR of 6.5% during 2025-2033. North America currently dominates the market, holding a significant market share of over 55.7% in 2024. The corn oil market share is experiencing robust growth, driven by the escalating health consciousness among consumers, rising product demand in the biofuel sector, growing impact of urbanization and economic development, continuous technological advancements in extraction and processing techniques, and burgeoning innovations in the food industry.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 6.5 Billion
Market Forecast in 2033	USD 11.47 Billion
Market Growth Rate 2025-2033	6.5%

IMARC Group provides an analysis of the key trends in each segment of the global corn oil market, along with forecasts at the global and regional levels from 2025-2033. The market has been categorized based on product type, application, and distribution channel.

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).

Coconut oil market is valued at USD 6,925.95 Million approximately in 2025. The Global Market is expected to reach USD 1,3371.87 Million by 2035. The global market is expected to witness the highest growth rate and record a growth of 6.8% CAGR during this period.

Metric	Value
Market Size in 2025	USD 6,925.95 Million
Projected Market Size in 2035	USD 1,3371.87 Million
CAGR (2025 to 2035)	6.8%

Country-wise Outlook- Coconut oil market

Country	CAGR (2025 to 2035)
USA	7.0%

Country	CAGR (2025 to 2035)
UK	6.5%

Country	CAGR (2025 to 2035)
European Union (EU)	6.7%

Country	CAGR (2025 to 2035)
Japan	6.9%

Country	CAGR (2025 to 2035)
South Korea	7.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Cargill, Incorporated	17-21%
Archer Daniels Midland (ADM)	13-17%
Bunge Limited	10-14%
Marico Limited	7-11%
Nutiva Inc.	5-9%
Other Companies (combined)	35-45%

The Pyrolysis Oil Report is Segmented by Raw Material (Waste Plastics, Waste Tires, Biomass, and Others), Application (Fuels and Chemicals), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The global reserve crude oil market is being supported by the rising demand for fuel oil, which stood at a volume of nearly 106279.67 KB/d in 2024. The demand for fuel oil is further expected to grow at a CAGR of 2.00% over the forecast period of 2025-2034 to attain a volume of 129554.32 KB/d by 2034.

The global safflower oil market is projected to grow from USD 253.5 million in 2025 to USD 398.5 million by 2035, registering a CAGR of 4.5%.

Metric	Value
Industry Size (2025E)	USD 253.5 Million
Industry Value (2035F)	USD 398.5 Million
CAGR (2025 to 2035)	4.5%

Fuel oil market is projected to grow at a CAGR of 4.3% during the forecast period, 2023-2030.

The Soybean Oil Market Report is Segmented by Nature (Conventional and Organic), Application (Food, Animal Feed, Industrial, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Liters).

The global Crude Tall Oil (CTO) market reached around 1840 thousand tonnes in 2024 and is expected to grow at a CAGR of 4.72% during the forecast period until 2035.

The Used Cooking Oil Market Report is Segmented by Source (HoReCa, Household Kitchens, and Food Processing Plants), by End Use (Biodiesel and HVO, Oleo-Chemicals, Animal Feed, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Asia Pacific Crude Oil market reached of around 35.3 million tonnes in 2022 and is expected to expand at a CAGR of 3.52% till the year 2032.

Global Crude Oil Market is projected to reach USD 929.8 Billion by 2034, with a 2.1% CAGR from 2025 to 2034.

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Palm Oil Market Size 2025-2029

The palm oil market size is valued to increase USD 54.4 billion, at a CAGR of 9% from 2024 to 2029. Increasing consumer awareness regarding health benefits of palm oil will drive the palm oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% growth during the forecast period.
By Application - Edible oil segment was valued at USD 54.00 billion in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 92.90 billion
Market Future Opportunities: USD 54.40 billion
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, refining, and distribution of palm oil and its derivatives. This dynamic market is driven by the increasing demand for palm oil in core applications, such as food, cosmetics, and biodiesel. According to recent reports, the food industry accounts for approximately 65% of palm oil consumption, with the biodiesel sector emerging as a significant growth avenue. However, the market faces challenges from environmental concerns, particularly regarding deforestation and plant diversity losses. In 2020, it was estimated that around 10 million hectares of forest were lost due to palm oil cultivation. Despite these challenges, opportunities for sustainable production and innovative technologies continue to unfold, ensuring the market remains a vital and evolving sector in the global economy.

What will be the Size of the Palm Oil Market during the forecast period?

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How is the Palm Oil Market Segmented and what are the key trends of market segmentation?

The palm oil industry 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.

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.

Palm oil, a widely used edible oil, holds significant importance in various industries, particularly in Asia. Approximately 45% of global palm oil production is attributed to palm fruit oil, primarily used in food processing due to its lower trans fat content and cost-effectiveness. Palm kernel oil, the other form, accounts for around 25% of the production. The food sector's reliance on palm oil is increasing, with an estimated 67% of its usage in food manufacturing. Moreover, the environmental impact of palm oil production is a growing concern. To address this, initiatives focusing on deforestation monitoring, water use efficiency, extraction rate optimization, and carbon footprint reduction are gaining traction.

The industry is also investing in soil nutrient management, palm oil byproducts utilization, and traceability systems to enhance supply chain transparency. The market's future growth is promising, with an anticipated 20% increase in demand for palm oil byproducts in the next five years. Additionally, there is a rising trend towards sustainable palm oil production, with RSPO certification becoming increasingly common. Oil palm cultivation is also evolving, with the adoption of high-yielding varieties, integrated pest management, and oil palm genetics. In terms of production processes, improvements in palm oil fractionation, fertilizer application techniques, biodiesel production, and irrigation efficiency are essential for maintaining competitiveness.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Furthermore, biomass utilization and palm oil refining are being explored to minimize waste and optimize resource utilization. Smallholder farmers are also receiving support to improve their productivity and sustainability through various initiatives. These efforts aim to ensure the long-term viability of the palm oil industry while minimizing its environmental impact.

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Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region experiences significant growth, driven by the expanding economies of China, Australia, Thailand, South Ko

The global fish oil market is anticipated to witness robust growth, increasing from USD 10.4 billion in 2025 to USD 24.6 billion by 2035, with a projected CAGR of 9.0% over the forecast period.

Attribute	Detail
Market Size (2025)	USD 10.4 billion
Market Size (2035)	USD 24.6 billion
CAGR (2025-2035)	9.0%

Semi Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	8.7%
H2 (2024 to 2034)	9.3%
H1 (2025 to 2035)	8.9%
H2 (2025 to 2035)	9.5%

Country wise Insights

Countries	CAGR 2025 to 2035
United States	3.8%
China	6.3%
Norway	2.5%

Edible Oils Market valued at USD 244.49 billion in 2025, is anticipated to reaching USD 341.97 billion by 2032, with a steady annual growth rate of 4.9%.