Brent rose to 70.45 USD/Bbl on July 14, 2025, up 0.12% from the previous day. Over the past month, Brent's price has fallen 3.80%, and is down 16.98% compared to the same time last year, 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 July of 2025.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.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 (whereby a contract is agreed upon, while the 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.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, 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 July 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 pr

In June 2025, the average price of one barrel of Brent crude oil was 71.44 U.S. dollars. This was around seven U.S. dollars more than prices the previous month, which were the lowest value in the past 24-month period. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.

Heating Oil fell to 2.37 USD/Gal on July 15, 2025, down 0.96% from the previous day. Over the past month, Heating Oil's price has fallen 3.34%, and is down 4.06% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2025.

Crude oil prices have been fluctuating significantly over the past six months, influenced by various factors including global supply and demand dynamics, geopolitical tensions, and economic indicators. Here is a summary of the crude oil price movements during this period.

Here is a summary of the crude oil price list over the last 10 years, including average prices, factors influencing fluctuations, and the impact of global events on crude oil prices.

Brent crude oil is projected to have an average annual spot price of 65.85 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of nearly 15 U.S. dollars compared to the previous year, and also reflects a reduced forecast WTI crude oil price. Lower economic activity, an increase in OPEC+ production output, and uncertainty over trade tariffs all impacted price forecasting. All about Brent Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the North Sea's Brent oilfield. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content and light refers to a relatively low density when compared to other crude oil benchmarks. Price development in the 2020s Oil prices are volatile, impacted by consumer demand and discoveries of new oilfields, new extraction methods such as fracking, and production caps routinely placed by OPEC on its member states. The price for Brent crude oil stood at an average of just 42 U.S. dollars in 2020, when the coronavirus pandemic resulted in a sudden demand drop. Two years later, sanctions on Russian energy imports, had pushed up prices to a new decade-high, above 100 U.S. dollars per barrel.

WTI price news is reported regularly by financial news outlets, such as Bloomberg, CNBC, and OilPrice.com. These news sources provide analysis and commentary on the factors affecting WTI prices, as well as projections and forecasts for future price movements. Traders and investors closely follow WTI price news to make informed decisions about buying or selling oil futures contracts. They use technical analysis, fundamental analysis, and market sentiment to predict future price movements and capitalize on th

Sunflower Oil rose to 1,245.50 INR/10 kg on July 14, 2025, up 0.61% from the previous day. Over the past month, Sunflower Oil's price has fallen 3.04%, but it is still 37.43% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

This study investigates the impact of oil price uncertainty (OPU) on corporate profitability in China, the world’s largest crude oil consumer. Most importantly, we examine how the Chinese government’s oil price reform affects this relationship. Using the yearly data of Chinese-listed companies, we find that the uncertainty of oil prices negatively affects corporate profitability but positively impacts operating expenses from 2007 to 2020. This finding holds after robust tests, including alternative profitability metrics and endogeneity model. Most interestingly, implementing the 2013 market-oriented oil pricing reform amplifies the adverse impact of OPU on corporate profitability owing to increased operating costs in the post-2013 period. Moreover, the detrimental effect of uncertain oil prices on corporate profitability is less prominent for large-capitalized companies. This research adds to the body of knowledge on the factors affecting corporate profitability by highlighting the volatility effect of oil prices and government pricing mechanisms. The results offer grounds for legislators and corporate managers to consider how to control the uncertainty surrounding oil price matters to ensure stable corporate profitability.

The global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.

Argus is a prominent source of pricing evaluations and business insights extensively utilized in the energy and commodity sectors, specifically for physical supply agreements and the settlement and clearing of financial derivatives. Argus pricing is also employed as a benchmark in swaps markets, for mark-to-market valuations, project financing, taxation, royalties, and risk management. Argus provides comprehensive services globally and continuously develops new assessments to mirror evolving market dynamics and trends. Covered assets encompass Energy, Oil, Refined Products, Power, Gas, Generation fuels, Petrochemicals, Transport, and Metals.

Market Summary of Coconut Oil Market:

• The Global Coconut Oil market size in 2023 was XX Million. The Coconut Oil Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031 • Due to the awareness of health benefits and the increase in the application of coconut oil in various industries, the coconut oil market is growing. • Asia-Pacific is the largest growing region as coconuts and goods derived from them are among the most widely used components in a wide range of food and beverage products. • The virgin coconut oil due to it being more natural is increasingly being used as fresh coconut meat is used to extract virgin coconut oil directly.

Market Dynamics of Coconut Oil Market:

Key Drivers of Coconut Oil Market

Due to the awareness of the health benefits of coconut oil, the market is growing.

The growing awareness of health-conscious individuals is helping to propel the coconut oil industry. Coconut oil is popular with customers since it is high in fiber, helps with digestion, and aids in weight loss. One of the healthiest oils on the market is coconut oil, which has numerous nutritional advantages. Coconut oil is thought to be one of the healthiest oils available because of its many nutritional advantages. It is said that coconut oil in the prevention of atherosclerosis, as well as in reducing the incidence of bacterial infections and cancer. Medium-chain fatty acids, which are rich in coconut oil, give users a lot of energy Secondly, it is said that Coconut oil helps in fat reduction. For instance, According to Healthily, even if there is 90% saturated fat and 9% unsaturated fat in this oil. However, a high concentration of medium-chain glycerides gives this oil its distinct structure. MCTs increase calorie burning as a result, which aids in weight loss. (Source:https://www.healthifyme.com/blog/coconut-oil-for-lose-body-fat/) A rapid energy boost is provided by the MCTs (Medium-chain triglycerides) in coconut oil. Long-chain triglycerides (LCTs) are incorporated into molecules known as chylomicrons when they are consumed, and the lymphatic system carries these molecules into the blood. Chylomicrons are transported to the liver and other tissues by the lymphatic system, where they are either stored or converted for energy. According to Healthline, MCTs, specifically 42% lauric acid, 7% caprylic acid, and 5% capric acid are found naturally in coconut oil. These components, enable them to enter the liver and be quickly utilized for energy production after being directly absorbed from the intestine.(Source:http://https://www.healthline.com/nutrition/mct-oil-vs-coconut-oil#comparison) Hence, we can say that due to awareness of various health benefits like energy providers and the great characteristics of coconut, the market for is growing.

The increase in the usage of coconut oil in personal care and cosmetics is increasing the demand for the market.

Communities worldwide view coconut oil and other coconut-based products as healthy ingredients that can enhance one's appearance. This perception has led manufacturers to incorporate coconut oil as a basic ingredient in cosmetic and personal care products. It has been discovered that coconut oil works incredibly well as a moisturizer for dry, chapped skin. Coconut oil is great for dry skin since it hydrates the skin and strengthens its natural protective layer to help it retain moisture. For Instance, According to NCBI, Mineral oil and coconut oil work similarly. By significantly increasing skin surface lipid levels and improving skin moisture, both oils demonstrated their efficacy. For Example, Palmers' Coconut Water Face Moisturiser is made with papaya enzymes to provide ones face with antioxidants that shield it from free radical damage and coconut water and hyaluronic acid to saturate it with hydration. For up to 24 hours, this silky water-based gel instantly seeps into skin to keep it hydrated. Because acne is an inflammatory condition, coconut oil can help treat it because of its anti-inflammatory qualities. Furthermore, it has been demonstrated that the acids lauric and capric found in coconut oil can destroy germs that cause acne. (Source:https://pubmed.ncbi.nlm.nih.gov/15724344/)Coconut oil is frequently used as a component in cosmetics to soften and moisturize skin and hair. Many ant...

The article provides an overview of the fluctuations in crude oil prices throughout 2019, highlighting the factors that influenced these price changes. From global economic growth to geopolitical tensions, the article examines the events and trends that shaped the year, ultimately leading to a summary of the price movements and key factors that impacted the price of crude oil.

Oil Condition Monitoring Market is projected to reach USD 1,591.3 million by 2032, growing at a CAGR of 6.35% from 2024-2032.

The global sunflower oil and olive oil market exhibits robust growth, driven by increasing health consciousness and diverse applications across food, biofuels, and cosmetics. While precise market size figures are unavailable, a reasonable estimation based on industry reports and comparable markets suggests a combined market value exceeding $50 billion in 2025. Sunflower oil, known for its affordability and versatility, constitutes a larger segment, possibly holding a 60% share of the total market. Olive oil, commanding a premium due to its perceived health benefits and culinary applications, accounts for the remaining 40%, albeit exhibiting a higher CAGR of approximately 5% annually between 2025 and 2033, compared to sunflower oil's 4%. This difference reflects the ongoing trend of premiumization within the edible oil sector, where consumers are increasingly willing to pay more for healthier, higher-quality options. Major growth drivers include rising disposable incomes, expanding populations in developing nations, and a shift towards healthier dietary choices. However, fluctuating crop yields due to climate change and competition from other vegetable oils pose significant challenges. Regional variations are substantial, with North America and Europe maintaining significant market shares, while the Asia-Pacific region shows immense growth potential owing to its large and rapidly growing consumer base. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Key industry participants, including Cargill, Bunge, EFKO Group, and others, employ various strategies, including mergers and acquisitions, vertical integration, and brand building, to enhance their market positions. The future of the market will likely involve increased focus on sustainability, traceability, and the development of value-added products catering to specific dietary needs and preferences. Furthermore, technological advancements in oil extraction and processing, coupled with innovative marketing strategies, will play a crucial role in shaping the industry's trajectory over the coming decade. The forecast period (2025-2033) is expected to witness a sustained growth momentum, driven by increasing demand and strategic market expansions by key players. This report provides a detailed analysis of the global sunflower oil and olive oil markets, examining market size, trends, key players, and future growth prospects. We delve into production, consumption patterns, pricing dynamics, and regulatory landscapes influencing these crucial edible oil segments. The report utilizes robust data and insightful commentary to give businesses a competitive edge in this dynamic industry. Keywords: sunflower oil market, olive oil market, edible oil, vegetable oil, food industry, biofuels, cosmetics, market analysis, market trends, market size, industry report.

The size of the Vietnam Oil and Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.50">> 3.50% during the forecast period. The oil and gas sector in Vietnam is a vital component of the nation's energy framework, playing a significant role in its economic advancement and energy stability. Situated in Southeast Asia, Vietnam possesses considerable offshore oil and gas reserves, especially within the Cuu Long Basin and the Nam Con Son Basin. These resources have established the country as a prominent participant in the regional energy arena. The industry includes the exploration, extraction, refining, and distribution of hydrocarbons, with state-owned entities like PetroVietnam being instrumental in its functioning. The oil and gas sector has been essential in fulfilling the increasing energy requirements of the nation and fostering industrial development. The government has prioritized attracting foreign investments and technological know-how to enhance its hydrocarbon resources and upgrade infrastructure. Nevertheless, the industry encounters various challenges, such as volatile global oil prices, shifts in regulations, and environmental issues. Additionally, there is a growing focus on diversifying the energy portfolio by integrating renewable energy sources to lessen reliance on fossil fuels and align with international sustainability objectives. In summary, the oil and gas industry in Vietnam continues to be a dynamic and crucial element of the economy, adeptly managing both opportunities and challenges while contributing to the nation's energy autonomy and growth. Recent developments include: In November 2021, ExxonMobil decided to invest in the Ca Voi Xanh (Blue Whale) gas production project located off Vietnam's central coast. The company is ready with the FEED document and is currently working on the project's development plan. The field is estimated to have around 150 billion cubic meters in reserves. The construction is expected to start during the forecast period., In April 2021, Pharos, the UK-based exploration and production company, announced plans to start the exploration phase in Block-125 of Phu Khanh basin, Vietnam. The company is expected to explore two areas within the block. The first is a deep-water area, expected to hold 1 billion barrels (bbl) of crude oil. The second area is a shallow-water area with around 100-200 million bbls of oil.. Key drivers for this market are: Increasing Global Demand for Refined Petroleum Products4., Economic Growth and Industrialization. Potential restraints include: Environmental Concerns and Regulations. Notable trends are: Upstream Segment Expected to Witness Significant Growth.