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.

About the ProjectWe developed the KAPSARC Energy Model for Saudi Arabia (KEM-SA) to understand the dynamics of the country’s energy system. It is a partial equilibrium model formulated as a mixed complementarity problem to capture the administered prices that permeate the local economy. KEM-SA has been previously used to study the impacts of various industrial fuel pricing policies and improved residential efficiency on the energy economy. The passenger transportation model presented in this paper helps understand more of the end-use energy demand.Key PointsIn 2016, policymakers in Saudi Arabia increased domestic transportation fuel prices, which are expected to approach market levels in the near future. Current low crude oil prices offer an excellent opportunity for policymakers to deregulate the passenger transportation sector without a significant change in local fuel prices. We developed a bottom-up transportation sub-model and integrated it with the KAPSARC Energy Model (KEM) to assess whether consumers could afford such reforms; and the resulting travel mode choices, energy consumption levels and revenue. We do not consider price-induced efficiency improvements; hence, the results would represent an upper bound for the shift to public modes.Despite a deregulation of the passenger transportation sector, Saudi households would continue to allocate one of the lowest transport budgets (as a percentage of income) in Gulf Cooperation Council (GCC) countries and also stay within Saudi Arabian historical boundaries.Deregulating fuel prices would encourage consumers to travel by more efficient public transport modes, as they become available in the near future, leading to significant energy savings and CO2 emissions reductions of between 4 million to 26 million metric tons (mt) per year.The Kingdom would receive an annual average $8.2 billion as additional revenue from domestic sales and exports in the varying crude price scenario and $5 billion in the fixed $60/bbl scenario.Despite the increase in transport fuel price, the net gain for Saudi Arabia in the varying crude oil price scenario remains positive as a result of substantial increase in revenue and the introduction of more convenient public travel modes.Our findings show that analyzing energy policies using empirical estimates are generally valid even for large variations in price; however, if new transport modes and technologies are introduced in Saudi Arabia, consumer response may be slightly greater than that of empirical estimate, which did not account for such new modes.

Natural gas fell to 2.98 USD/MMBtu on August 11, 2025, down 0.47% from the previous day. Over the past month, Natural gas's price has fallen 14.14%, but it is still 35.95% 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.

Austria Energy Prices: Net: Annual Avg: Gas Oil: Industry data was reported at 1,053.710 EUR/Ton in 2022. This records an increase from the previous number of 515.870 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Gas Oil: Industry data is updated yearly, averaging 429.171 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 1,053.710 EUR/Ton in 2022 and a record low of 228.799 EUR/Ton in 2003. Austria Energy Prices: Net: Annual Avg: Gas Oil: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

Explore the historical Whois records related to heating-oil-prices.net (Domain). Get insights into ownership history and changes over time.

Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data was reported at 685.610 EUR/Ton in 2022. This records an increase from the previous number of 419.940 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data is updated yearly, averaging 358.918 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 685.610 EUR/Ton in 2022 and a record low of 154.000 EUR/Ton in 2004. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

Sunflower Oil rose to 1,300.80 INR/10 kg on August 8, 2025, up 0.46% from the previous day. Over the past month, Sunflower Oil's price has risen 5.03%, and is up 45.54% compared to the same time last year, 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.

U.S. NYMEX Heating Oil Production data, recent 47 years (traceable to Nov 15,1978), the unit is USD/gal, latest value is 2.4288, updated at Jul 30,2025

Graph and download economic data for Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Mining and Oil and Gas Field Machinery Manufacturing Industry, Services Less Trade, Transportation, and Warehousing (WPUIP33313023) from Apr 2014 to Jun 2025 about warehousing, machinery, oil, mining, gas, trade, transportation, services, commodities, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Brazil Soybean Oil Price data, recent 26 years (traceable to May 04,2000), the unit is USD/t, latest value is 1151.3, updated at Jul 17,2025

OPEC's crude oil export revenue reached 550 billion U.S. dollars in 2024, a decrease from 2023. For 2025 figures are expected to fall below 500 billion U.S. dollars. OPEC stands for the Organization of Petroleum Exporting Countries and includes countries located in Africa, South America, the Middle East, and Southeast Asia. Currently, the organization has 12 member countries. OPEC share in world oil production The formation of OPEC marked a shift away from large multinational company market control to a primarily state-based control of natural resources. The supply restrictions that began in 1970 enabled a significant increase in oil prices and thus, OPEC’s revenues. OPEC's share of global oil production is approximately 36 percent. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. OPEC basket price outlook OPEC crude oil production can strongly impact global oil prices, especially during periods of war or upheaval. Prices of oil are largely affected by basic supply and demand. As of the first half of 2025, the average annual OPEC basket price was around 72 U.S. dollars per barrel. Low oil prices in 2024 and 2025 were largely due to less oil demand growth in China and concerns over U.S. trade tariffs.

Context

The Global dataset of oil and natural gas production, prices, exports, and net exports.

Content

Oil production and prices data are for 1932-2014 (2014 data are incomplete); gas production and prices are for 1955-2014; export and net export data are for 1986-2013. Country codes have been modified from earlier versions to conform to Correlates of War (COW) and Quality of Government (QOG) standards

Acknowledgements

Ross, Michael; Mahdavi, Paasha, 2015, "Oil and Gas Data, 1932-2014", doi:10.7910/DVN/ZTPW0Y, Harvard Dataverse

Inspiration

How has the price varied from 1900s to 2000s?

WTI Crude Oil Futures data, recent 43 years (traceable to Mar 30,1983), the unit is USD/bbl, latest value is 67.62, updated at Jul 17,2025

Prices for most industrial commodities strengthened further in the first quarter (q/q), while global agricultural prices remained broadly stable. Crude oil prices are forecast to rise to an average of $55 per barrel (bbl) in 2017 from $43/ bbl in 2016. The oil forecast is unchanged since October 2016 and reflects balancing forces: upward pressure on prices from production cuts agreed by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producing countries, and downward pressure from persistently high stocks, supported by the faster-than-expected rebound of the U.S. shale oil industry. Metals prices are projected to increase 16 percent as a result of strong demand in China and various supply constraints, including labor strikes and contractual disputes in the case of copper, and environmental and export policies for nickel. Agricultural commodity prices, which gained 1 percent in the first quarter, are anticipated to remain broadly stable in 2017, with moderate increases in oils and meals and raw materials offset by declines in grains and beverages.

Austria Energy Prices: Net: Annual Avg: Gas Oil: Households data was reported at 680.290 EUR/Ton in 2022. This records an increase from the previous number of 313.550 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Gas Oil: Households data is updated yearly, averaging 474.041 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 724.018 EUR/Ton in 2012 and a record low of 251.280 EUR/Ton in 2003. Austria Energy Prices: Net: Annual Avg: Gas Oil: Households data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

International Journal of Energy Economics and Policy

United States - Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Mining and Oil and Gas Field Machinery Manufacturing Industry, Goods Less Foods and Energy was 137.00500 Index April 2014=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Mining and Oil and Gas Field Machinery Manufacturing Industry, Goods Less Foods and Energy reached a record high of 144.01400 in May of 2022 and a record low of 93.20000 in February of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Inputs to Industries: Net Inputs to Mining and Oil and Gas Field Machinery Manufacturing Industry, Goods Less Foods and Energy - last updated from the United States Federal Reserve on July of 2025.

BP warns of potential earnings impact in Q2 due to falling oil and gas prices, but higher production and strong trading performance may offset the financial hit.

The Egypt Oil and Gas market, valued at $7.48 billion in 2025, is projected to experience steady growth, driven by increasing domestic energy demand and ongoing exploration activities. A Compound Annual Growth Rate (CAGR) of 3.01% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key drivers include the government's focus on energy security, investments in infrastructure development (pipelines, refineries, etc.), and the potential for further offshore discoveries. However, global shifts towards renewable energy sources and fluctuating oil prices represent significant restraints. The market is segmented into upstream (exploration and production), midstream (transportation and storage), and downstream (refining and marketing) sectors, with international players like BP, Shell, and ExxonMobil alongside national entities like Egyptian General Petroleum Corporation playing crucial roles. The upstream sector likely holds the largest market share, given Egypt's ongoing exploration efforts and production capabilities. While precise regional breakdowns are unavailable, it's reasonable to expect that the majority of the market activity is concentrated in areas with existing infrastructure and proven reserves. The midstream and downstream segments are expected to experience growth proportional to upstream production, reflecting the need for efficient transportation, processing, and distribution of oil and gas resources. Future growth will hinge on successful exploration initiatives, effective regulatory frameworks, and continued investment in infrastructure to support increased production and distribution. The relatively modest CAGR suggests a market maturing beyond its initial growth phase. Successful diversification into natural gas and potential discoveries of new reserves could significantly impact the growth trajectory. Furthermore, the government's policies concerning renewable energy integration and its impact on fossil fuel demand will be pivotal in shaping the market's future. Competition among existing players and potential entry of new players will also influence market dynamics. A balanced approach focusing on both conventional energy production and sustainable energy solutions may be necessary for the long-term health and stability of the Egyptian Oil and Gas market. Recent developments include: June 2023: United Oil and Gas Company (UOG) reported the discovery of a total of 12.5 meters of net oil pay during testing of the ASD-3 development well in the Abu Sennan license onshore Egypt. This included 3 meters of net pay in the Abu Roash C reservoir (AR-C) and 9.5 meters of net pay in the Abu Roash E (AR-E) reservoir across the primary Abu Roash reservoir., May 2023: Dana Gas, a UAE-based energy firm, unveiled its plans to commence drilling 11 new wells in Egypt by the year-end. The projected outcome of these wells is an addition of up to 80 bcf (billion cubic feet) of reserves and production. Dana Gas has earmarked approximately USD 100 million for these drilling activities. Notably, the company holds four concessions in Egypt and is actively pursuing its consolidation into a single concession. This initiative is currently pending approval by the House of Representatives.. Key drivers for this market are: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Potential restraints include: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Notable trends are: Upstream Sector is Expected to be the Fastest Growing Sector.