Graph and download economic data for Global price of Dubai Crude (POILDUBUSDM) from Jan 1990 to Jun 2025 about crude, oil, World, and price.

Dubai oil prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 33.23 USD per barrel with a minimum of 1.21 USD per barrel in January 1970 and a maximum of 131.22 USD per barrel in July 2008. | TheGlobalEconomy.com

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.

Gasoline Prices in the United Arab Emirates decreased to 0.68 USD/Liter in November from 0.72 USD/Liter in October of 2025. This dataset provides - United Arab Emirates Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Graph and download economic data for Breakeven Fiscal Oil Price for United Arab Emirates (AREPZPIOILBEGUSD) from 2000 to 2025 about United Arab Emirates, REO, oil, government, and price.

Breakeven External Oil Price for United Arab Emirates was 33.67282 US $ Per Barrel in January of 2025, according to the United States Federal Reserve. Historically, Breakeven External Oil Price for United Arab Emirates reached a record high of 38.40254 in January of 2024 and a record low of 30.48652 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Breakeven External Oil Price for United Arab Emirates - last updated from the United States Federal Reserve on December of 2025.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for United Arab Emirates (ARENGDPORPCHPT) from 2000 to 2025 about United Arab Emirates, REO, oil, real, GDP, and rate.

In 2024, Dubai Fateh had an average price of 79.61 U.S. dollars per barrel, down from the 82.09 U.S. dollars per barrel compared to the previous year. Dubai Crude (Fateh) oil price Dubai Crude (Fateh) is the most important crude oil benchmark for Asia. Dubai Crude originated in Dubai in the Persian Gulf. Another name for this crude oil is Fateh. The name Fateh comes from an offshore oil field, located some 60 miles from Dubai, and is, therefore, part of the United Arab Emirates. One of the advantages of Dubai Crude compared to other Persian Gulf crude oils, and a main reason why it is used as an oil marker, is its instant availability. Dubai Crude, behind West Texas Intermediate (WTI) and UK Brent, is one of the lighter crude oils. On the other hand, Dubai Crude contains some two percent of sulphur, and thus is part of the so-called sour crude oils. In comparison, UK Brent contains 0.37 percent of sulphur, which means it is a so-called sweet crude oil. The refining of sour and heavier oils is always more expensive than it is for sweeter and lighter oils. Dubai Crude, the same as OPEC oils, is mostly refined and traded in the Asian region. The other two crucial oil benchmarks are West Texas Intermediate (WTI), which is especially important for North America, and UK Brent (Brent Crude), which dominates the European oil market. Such benchmarks are essential for referencing the many types and grades of oil on the worldwide market.With the exception of the years 2009 and 2010, there was a stable increase in the price for one barrel of Dubai-Fateh crude oil in the last ten years, until 2015, when the price dropped by half. The mean price per barrel stood at approximately 24 U.S. dollars in 2002. By 2012, this price had increased to more than 109 U.S. dollars, but dropped to 51.20 U.S. dollars per barrel 2015.

Breakeven Fiscal Oil Price for United Arab Emirates was 49.95163 US $ Per Barrel in January of 2025, according to the United States Federal Reserve. Historically, Breakeven Fiscal Oil Price for United Arab Emirates reached a record high of 53.89980 in January of 2024 and a record low of 49.95163 in January of 2025. Trading Economics provides the current actual value, an historical data chart and related indicators for Breakeven Fiscal Oil Price for United Arab Emirates - last updated from the United States Federal Reserve on December of 2025.

In June of 2024, the average price of petrol per liters in the United Arab Emirates stood at **** United Arab Emirates Dirham. In comparison, the price of petrol per liters in the UAE was over **** United Arab Emirates Dirhams in June 2022.

United Arab Emirates PPI: MQ: Crude Oil and Natural Gas data was reported at 161.900 2007=100 in 2011. This records an increase from the previous number of 117.980 2007=100 for 2010. United Arab Emirates PPI: MQ: Crude Oil and Natural Gas data is updated yearly, averaging 117.980 2007=100 from Dec 2007 (Median) to 2011, with 5 observations. The data reached an all-time high of 161.900 2007=100 in 2011 and a record low of 95.110 2007=100 in 2009. United Arab Emirates PPI: MQ: Crude Oil and Natural Gas data remains active status in CEIC and is reported by Federal Competitiveness and Statistics Authority. The data is categorized under Global Database’s United Arab Emirates – Table AE.I027: Producer Price Index: 2007=100 (DIscontinued).

View monthly updates and historical trends for Dubai Fateh Crude Oil Spot Price. Source: International Monetary Fund. Track economic data with YCharts ana…

Naphtha rose to 516.78 USD/T on December 1, 2025, up 1.18% from the previous day. Over the past month, Naphtha's price has fallen 4.73%, and is down 13.47% compared to the same time last year, 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 December of 2025.

In August 2025, the average price of the OPEC basket was 69.73 U.S. dollars per barrel. This was an increase compared to the previous month, which was among the lowest values in the past 24 months. The OPEC basket is a weighted average of prices for petroleum blends produced by OPEC countries. OPEC stands for “Organization of the Petroleum Exporting Countries” and was founded in 1960 in Baghdad, Iraq. The main aim of OPEC is to coordinate the oil policies of its members, and thus to have more influence on the international oil market. It is used as an important benchmark for crude oil prices. The OPEC basket oil price The OPEC crude oil price is defined by the price of the so-called OPEC (reference) basket. This basket is an average of the prices of petroleum blends that are produced by the OPEC members. The following countries are members of this organization: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. Some of these oil blends are, for example, the Saharan Blend from Algeria, Basra Light from Iraq, and Arab Light from Saudi Arabia. The OPEC reference basket includes both heavy and light crude oils and is heavier than most other crudes. OPEC's oil production amounted to 32.8 million barrels per day in 2024. Oil price benchmarks The OPEC basket is one of the most crucial benchmarks for crude oil pricing 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. Looking at the OPEC price within the last two years, the highest price was some 94.6 U.S. dollars per barrel in September 2023.

China Import Price: Crude Oil: Asia: United Arab Emirates data was reported at 604.428 USD/Ton in Mar 2025. This records a decrease from the previous number of 605.242 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: United Arab Emirates data is updated monthly, averaging 580.240 USD/Ton from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 1,025.215 USD/Ton in Jun 2008 and a record low of 208.784 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: United Arab Emirates data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

Key information about United Arab Emirates Crude Oil: Exports

• United Arab Emirates Crude Oil: Exports was reported at 2,717.000 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 2,651.100 Barrel/Day th for Dec 2023
• United Arab Emirates Crude Oil: Exports data is updated yearly, averaging 1,614.000 Barrel/Day th from Dec 1980 to 2024, with 45 observations
• The data reached an all-time high of 2,717.117 Barrel/Day th in 2022 and a record low of 977.700 Barrel/Day th in 1985
• United Arab Emirates Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

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Transformer Oil Market Size 2024-2028

The transformer oil market size is valued to increase USD 1.13 billion, at a CAGR of 8.09% from 2023 to 2028. Expansion of T and D will drive the transformer oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By End-user - Industrial segment was valued at USD 651.80 billion in 2022
By Product - Mineral-based segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 80.97 million
Market Future Opportunities: USD 1128.10 million
CAGR : 8.09%
APAC: Largest market in 2022

Market Summary

The market encompasses the production, sales, and application of transformer oil used in electrical power transformers. This market is characterized by continuous evolution, driven by the ongoing demand for reliable and efficient power transmission. Core technologies, such as vacuum pressure impregnation and mineral insulated transformers, are revolutionizing the industry with enhanced performance and longevity. Applications span various sectors, including power generation, transmission, and distribution. Service types, including maintenance, repair, and refilling, are essential to ensure transformer efficiency and longevity. Regulations, such as the European Union's REACH regulation, impact the market by driving the emergence of eco-friendly transformer oils.
Fluctuation in crude oil prices significantly influences the market, with transformer oil derived from crude oil accounting for a substantial share (approximately 80%) of the market. Despite challenges, the market presents opportunities for growth, particularly in emerging economies and the shift towards renewable energy sources.

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

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

The transformer oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Industrial
  Utilities
  Commercial
  Residential


Product

  Mineral-based
  Silicon-based
  Bio-based


Application

  Power Transformers
  Distribution Transformers
  Industrial Transformers


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

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

Transformer oil plays a crucial role in US industries, offering dependable power supply by minimizing voltage fluctuations and reducing downtime risks. In North America and Europe, the demand for transformers is driven by the digitalization trend in power systems. While power utilities dominate the market, the industrial sector's demand is significant, particularly for small- and large-scale users. Inspection techniques like acid number testing, insulation monitoring, and dielectric dissipation factor measurement ensure transformer oil's optimal performance. High voltage applications necessitate oil filtration systems and oil paper insulation for power system reliability. Transformer oil recycling and oxidation mitigation processes extend transformer life.

Key market trends include liquid dielectric testing, electrical conductivity measurement, and moisture content testing. Breakdown voltage testing, dissolved gas analysis, and chromatographic analysis help monitor transformer health. Tan delta measurement, electrical breakdown, and dielectric strength testing ensure transformer efficiency and safety. Industries rely on transformer oil for power system reliability, with adoption projected to rise by 15%. The market anticipates a 12% growth in demand due to the increasing need for efficient and reliable power solutions. Transformer maintenance practices, such as oil purification processes and water content sensors, are essential for ensuring transformer longevity. Partial discharge detection and thermal stability testing are critical for transformer performance and safety.

Transformer oil's role in power system reliability and its evolving applications across various sectors make it an indispensable component in the US industrial landscape.

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The Industrial segment was valued at USD 651.80 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% to the growth of t

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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

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UAE Lubricants Market Size 2025-2029

The lubricants market in UAE size is forecast to increase by USD 556.9 million million at a CAGR of 3.3% between 2024 and 2029.

The lubricants market is experiencing significant growth due to the increasing demand for high-performance lubricants across various industries. Key applications include grease for industrial machinery, battery lubricants for electric vehicles, compressor oils, and hydraulic fluids for construction equipment and aircraft flight control systems. The emergence of bio-based lubricants derived from renewable sources is another notable trend, driven by the need for sustainable and eco-friendly alternatives. Crude oil price fluctuations also impact the market, as lubricants are primarily derived from petroleum. In addition, the growing adoption of renewable energy sources, such as wind and solar, is increasing the demand for specialized lubricants In the energy sector.


The pandemic has also accelerated the shift towards electric buses and the use of lubricants In the production of COVID-19 vaccines. Marine lubricants and transformer oils continue to be crucial In the transportation and power generation sectors, respectively. Overall, the lubricants market is expected to grow steadily, driven by these trends and the ongoing industrialization and urbanization in North America.

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

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The lubricants market encompasses a broad range of products used to reduce friction and wear in various applications, including transport, energy, manufacturing, and marine industries. This market is driven by the need to minimize operational costs, enhance machinery functioning, and meet evolving environmental standards. Key product categories include gear lubricants, hydraulic oils, engine oils, and metalworking fluids. Transport applications, such as transportation & logistics and automotive industries, dominate the market due to the high demand for lubricants in vehicles and machinery. However, the market is also expanding in response to the growing adoption of renewable energy and electric vehicles, which require specialized lubricants.


Environmental concerns are driving the demand for biodegradable lubricants and the phase-out of conventional mineral oils. Tougher environmental regulations and increasing awareness of the environmental impact of lubricants are influencing market trends. Lubricant manufacturing is focusing on innovation to address challenges such as gear erosion, churning losses, and thermal stability. The market is witnessing the development of advanced additives, including anti-wear agents, viscosity index improvers, and extreme pressure additives, to improve lubricant performance and reduce wear & tear. In summary, the lubricants market is a dynamic and evolving industry, driven by the need for cost-effective and environmentally sustainable lubricant solutions in various industries. The market is expected to continue growing, driven by technological advancements and changing market demands.

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 million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Mineral oil lubricants
  Synthetic lubricants
  Bio-based lubricants


Type

  Hydraulic fluid
  Metal working fluid
  Others


End-user

  Automotive
  Heavy equipment
  Metallurgy and metal working
  Power generation


Geography

  UAE

By Product Insights

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

The lubricants market encompasses a range of products, including mineral oil, synthetic, and bio-based lubricants, used in various industries and automotive applications. Mineral oil lubricants derived from petroleum offer advantages such as cost-effectiveness, excellent additive solubility, compatibility with seals, high viscosity, and a high flash point. Three types of mineral oil lubricants exist: paraffinic, naphthenic, and aromatic. Synthetic lubricants, on the other hand, provide superior performance in extreme conditions, while bio-based lubricants offer environmental responsibility and sustainability. Lubricant technology advancements include oxidation prevention, friction reduction, wear prevention, and corrosion protection. Renewable energy adoption and sustainable manufacturing have led to the development of circular economy lubricants, eco-friendly lubricants, and energy-efficient lubricants.

Renewable lubricants, such as those derived from bio-based materials, are gaining popularity due to their reduced carbon footprint and alignment with sustainable development goals. Industrial sustainability and energy efficiency