In March 2025, the average crude oil export price amounted to $502 per ton, surging by 3.3% against the previous month.

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.

In the 2024 fiscal year, the value of crude oil across Australia was estimated at almost 30 billion Australian dollars, an increase from the previous year.

Australia Commodity Price Index: Weights: Other Resources: Crude Oil data was reported at 7.300 % in Feb 2013. This stayed constant from the previous number of 7.300 % for Jan 2013. Australia Commodity Price Index: Weights: Other Resources: Crude Oil data is updated monthly, averaging 7.300 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 7.300 % in Feb 2013 and a record low of 5.300 % in Aug 2009. Australia Commodity Price Index: Weights: Other Resources: Crude Oil data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

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.

Soybean Oil Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

In May 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately ***** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.

In March 2025, the average crude rapeseed oil export price amounted to $1,078 per ton, rising by 2.7% against the previous month.

In 2024, the Australian palm oil market decreased by -23.1% to $72M, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a pronounced curtailment. Palm oil consumption peaked at $105M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Gasoline Prices in Australia increased to 1.20 USD/Liter in November from 1.18 USD/Liter in October of 2025. This dataset provides the latest reported value for - Australia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Import Price: Crude Oil: Oceania: Australia data was reported at 653.138 USD/Ton in Mar 2025. This records a decrease from the previous number of 674.405 USD/Ton for Feb 2025. China Import Price: Crude Oil: Oceania: Australia data is updated monthly, averaging 613.554 USD/Ton from Jan 2008 (Median) to Mar 2025, with 180 observations. The data reached an all-time high of 1,089.658 USD/Ton in Jul 2022 and a record low of 201.881 USD/Ton in Apr 2020. China Import Price: Crude Oil: Oceania: Australia 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.

Groundnut Oil Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

The Western Canadian Select (WCS) oil price has experienced significant fluctuations over the past two decades, reflecting the volatile nature of global oil markets. In 2024, the annual average WCS oil price reached ***** U.S. dollars per barrel, a slight increase from the previous year. This price movement is part of a broader trend in the oil industry, where prices have been influenced by various economic and geopolitical factors. What impacts oil prices? Oil prices have been on a rollercoaster ride since the early 2000s, with dramatic fluctuations observed in OPEC Reference Basket oils. For instance, the Saharan Blend from Algeria saw its price rise from about ** U.S. dollars per barrel in 2002 to over *** U.S. dollars a decade later, before settling at ***** U.S. dollars in 2023. These price swings have been driven by major events such as the 2008 global financial crisis, the 2020 coronavirus pandemic, and the 2022 energy supply crisis following the Russia-Ukraine war. The volatility in oil prices has had far-reaching impacts on global economies and energy markets as they impact manufacturers and consumers. How regionally important crudes can influence the global economy While WCS prices reflect trends in the North American market, other regional benchmarks provide insights into global oil dynamics. For example, Dubai Crude (Fateh), an important benchmark for Asia, averaged ***** U.S. dollars per barrel in 2023, down from ***** U.S. dollars the previous year. Similarly, Russia's Urals crude oil, a major export brand, saw its price fluctuate in response to global events and policy decisions, such as the price cap imposed by the G7, EU, and Australia in December 2022. These regional variations highlight the complex interplay of supply, demand, and geopolitical factors in shaping global oil prices.

The average crude coconut oil import price stood at $1,346 per ton in February 2025, with an increase of 2% against the previous month.

Most of the revenue generated through petroleum product wholesaling comes from four major companies: Ampol, Viva Energy, BP Australia and ExxonMobil. These companies source petroleum products, including petrol, diesel, aviation fuel, LPG, fuel oil and bitumen, from local refining operations and through fuel imports. The petroleum product supply chain has changed significantly over the past decade in response to the closure of most local refining capacity and investment in fuel import terminals and storage facilities. The Petroleum Product Wholesaling industry’s performance has fluctuated widely due to significant swings in global crude oil prices and substantial volatility in petroleum consumption by local motorists. Petroleum product consumption for passenger motor vehicles, public transport and air travel plummeted during pandemic lockdown restrictions, but consumption patterns rebounded after travel restrictions were removed, coinciding with higher global oil prices. Fluctuations in OPEC oil production and the supply disruptions caused by the Russia-Ukraine conflict have contributed to significant volatility in the world price of crude oil. While steady growth in motor vehicle numbers provides an underlying demand for petroleum products, greater fuel efficiency and the higher penetration of electric-powered vehicles (EVs) have diluted the direct link between vehicle numbers and petroleum consumption. Over the five years through 2025-26, industry revenue is expected to contract at an annualised 0.6% to $53.4 billion. This includes an anticipated 1.9% drop in 2025-26 as falling crude oil prices trickle down into lower local pump prices. Fierce price competition between the four prominent wholesalers has squeezed profit margins and reinforced a downwards trend in participation and employment. Wholesalers will continue to face significant headwinds in marketing petroleum products, despite a modest expansion in fuel retailing on the back of more motor vehicles and higher household discretionary incomes. The main avenue for sales growth will come from selling aviation fuel for tourism and cleaner automotive fuels. Advances in the fuel efficiency of new vehicles and gathering momentum in EV adoption will constrain petroleum product sales. In addition, subdued world crude oil prices and intense competition will limit wholesalers’ scope to raise prices for retailers and industrial users. Industry revenue is forecast to contract at an annualised 1.0% to $50.8 billion over the five years through 2030-31.

The Australian market for crude sunflower-seed and safflower oil soared to $45M in 2024, growing by 30% against the previous year. In general, consumption, however, continues to indicate a mild reduction. As a result, consumption reached the peak level of $84M. From 2023 to 2024, the growth of the market remained at a lower figure.

12 Global import shipment records of Cooking Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The price of Urals crude oil was recorded at 16.77 U.S. dollars per barrel below the benchmark Brent on September 20, 2023 (based on a rolling average of the past five days). The difference increased after a price cap on Russian oil was announced on December 2, 2022, and took effect on December 5, 2022, but it has been decreasing since end-March 2023. At the end of February 2022 and throughout March 2022, the discount rose significantly, reflecting the market reaction to the Russia-Ukraine war. In August 2023, the average price of Urals oil reached 74.5 U.S. dollars per barrel.

Russian oil price cap In December 2022, members of the G7, together with the European Union (EU) and Australia, limited the price of one barrel of Russian oil to 60 U.S. dollars in response to the war in Ukraine. The cap was planned to be reviewed every two months to reflect future market developments. The Russian government stated it would not supply oil to the countries imposing a price ceiling on its oil. While the effect of the ban on global oil prices is yet to be seen, it is expected that the ban would benefit other oil producing countries, as the EU would have to replace Russian supplies with other routes. Germany and Poland were the leading importers of Russian oil in the EU in 2021.

EU ban on Russian oil imports
The EU ban on Russian seaborne crude oil imports, announced in June 2022, took effect on December 5, 2022. Furthermore, refined petroleum products will be included from February 5, 2023. Even though the EU prohibited imports of Russian oil and refined products, it still allowed their transport to non-EU countries as long as they are purchased for 60 U.S. dollars per barrel or lower. As a result of the ban, Russia's oil production was forecast to decline to 438 million metric tons in 2022, down 10 percent from the previous year.

In July 2022, the groundnut oil price per ton stood at $4.5K (CIF, Australia), picking up by 5.6% against the previous month.

Coal fell to 108.35 USD/T on December 1, 2025, down 1.86% from the previous day. Over the past month, Coal's price has fallen 1.14%, and is down 20.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on December of 2025.