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.

Heating Oil rose to 2.35 USD/Gal on December 2, 2025, up 0.21% from the previous day. Over the past month, Heating Oil's price has fallen 2.25%, but it is still 6.31% higher than a year ago, 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 December of 2025.

In January 2023, the crude oil price stood at $662 per ton (CIF, United Kingdom), falling by -3.2% against the previous month.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% 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 December of 2025.

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.

In May 2023, the price of Crude Palm Oil reached $1,074 per ton (CIF, United Kingdom), showing a decrease of -3.3% compared to the previous month.

The price of Refined Olive Oil in March 2023 was $5,277 per ton (CIF, United Kingdom), reflecting a 10% increase compared to the previous month.

Find out how the demand for crude sunflower-seed and safflower oil is driving the market in the UK to grow at an accelerating rate. By 2035, the market volume is expected to reach 166K tons, with a market value of $189M.

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on December of 2025.

Learn about the rising demand for crude coconut oil in the UK and the projected growth of the market over the next decade, with a forecasted increase in both volume and value terms by 2035.

Analysis of the UK virgin olive oil market, including consumption, imports, exports, and price trends from 2024 to 2035, with forecasts for market volume and value.

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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.

See How Palm Oil Market Demand is Rising in APAC Request Free Sample

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

Urals Oil fell to 54.22 USD/Bbl on December 1, 2025, down 0.37% from the previous day. Over the past month, Urals Oil's price has fallen 7.52%, and is down 17.95% 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 Urals Crude.

Analysis of the UK soybean oil market from 2013-2024 with forecasts to 2035, covering consumption, production, imports, exports, market value, volume, and key trade partners.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

Learn about the increasing demand for soybean oil in the UK and the projected growth of the market over the next decade. Market volume is expected to reach 476K tons by 2035, with a market value of $598M.

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Uzbekistan. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Uzbekistan. The report compares the investment environment in Uzbekistan with other countries in the region. The profiles of the major companies operating in the crude oil sector in Uzbekistan together with the latest news and deals are also included in the report. Read More

Discover the latest trends in the UK market for crude groundnut oil, with forecasts indicating a significant increase in consumption over the next decade. By 2035, the market is expected to reach 128 tons in volume and $547K in value.

According to Cognitive Market Research, the global Instrumentation Fittings market size will be USD 2251.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 900.64 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 675.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 517.87 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 112.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 45.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.
The tube category led the Instrumentation Fittings Market.

Market Dynamics of Instrumentation Fittings Market

Key Drivers for Instrumentation Fittings Market

Increasing Number of Smart Cities to Boost Market Growth

The market for instrumentation fittings is anticipated to increase in the future due to the increasing number of smart cities. A smart city uses information and communication technology (ICT) to improve public welfare and public services, increase productivity, and inform the public. By offering a variety of fittings necessary for the development of smart cities, instrumentation fittings are utilized for pressure reduction, acid/caustic/water flow control, and backflow leak prevention. For instance, Saudi Arabia is constructing a smart city named "Neom" to hold an international athletic event called "The Asian Winter Games 2029" in October 2022, according to the UK-based news publishing organization National World PLC. At a cost of over $500 billion (about £436 billion), Neom is now being built in the northwest Saudi province of Tabuk. Consequently, the market for instrumentation fittings is being driven by the increasing number of smart cities.

(Source: https://www.coliseum-online.com/2029-asian-winter-games-at-neoms-trojena/amp/)

Expanding Oil and Gas Sector to Drive Market Growth

The market for instrumentation fittings will expand due to the expanding oil and gas sector. Exploration, extraction, refinement, and distribution of natural gas and petroleum resources are all included in the oil and gas sector. In order to ensure safety, precision, and efficiency in their operations, the oil and gas sector uses instrumentation fittings for accurate control, measurement, and regulation of flow, pressure, and fluid processes. For instance, in September 2023, the UK government department HM Revenue and Customs reported that total government revenues from UK oil and gas production were $1.79 billion (£1.4 billion) for the tax year 2021 to 2022, up $1.28 billion (£1.1 billion) from $0.38 billion (£0.3 billion) the year before. Thus, the market for instrumentation fittings will expand as a result of the expanding oil and gas sector.

(Source: https://assets.publishing.service.gov.uk/media/651081d806e1ca000d6160f6/Government_revenues_from_oil_and_gas_production_September_2023_-_data_tables.ods)

Restraint Factor for the Instrumentation Fittings Market

Price Fluctuations for Raw Materials will Limit Market Growth

The instrumentation fittings sector is largely dependent on commodities like brass, stainless steel, and other alloys, all of which have volatile prices because of things like currency changes, market demand-supply dynamics, and geopolitical conflicts. Unexpected increases in the price of raw materials might cause manufacturers' production costs to rise, which can then have an impact on their pricing and profit margins. Furthermore, these variations impede long-term strategic decision-making processes by making it difficult for businesses to predict and plan their budgetary allocations. In the instrumentation fittings industry, supply chain management is further complicated by the volatility of raw material costs. Securing a steady and affordable supply of resources can be ...