The global fuel energy price index stood at 166.79 index points in May 2025, up from 100 in the base year 2016. Figures increased that month due to greater demand for motor fuels and cooling. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

The average price of Indian basket crude oil was estimated to reach ***** U.S. dollars per barrel in the financial year 2024. While Indian basket crude oil prices have fluctuated during the reported period, this figure significantly decreased from the previous year’s average of ***** U.S. dollars. The average price of crude oil went up marginally around the financial year 2012, touching almost *** U.S. dollars per barrel. Recent trends in the Indian oil industry The last several years have seen a slight but steady increase in Indian crude oil refinery capacity. However, the annual domestic crude oil production volume has consistently decreased. Not surprisingly, the volume of crude oil imports had recently been on the rise for several years. The future of the Indian energy sector As the third-largest primary energy consumer globally, India relies on various sources to meet its energy demands. At the same time, a significant increase in primary energy consumption across various sources is projected for the coming decades, with renewables playing a vital role in the Indian energy transition.

During the Q2 of 2024, the price of white oil in the United States reached 1638 USD/MT in June. The U.S. market exhibited stability, driven by a steady supply-demand outlook and regular refinery functions. Despite fluctuating rates of crude oil and minor geopolitical conflicts, the market remained resilient, with only slight seasonal price variations due to increased demand for cosmetic products during summer. In confluence with this, prices remained static compared to earlier quarters, reflecting a dependable pricing environment, ensuring minimal disruption in the white oil market.

The average retail price for regular, unleaded gasoline at self-service stations in Canada was ***** Canadian cents per liter in June 2025. This was a decrease compared to the previous month. Canada's gasoline prices are generally higher than those in the United States but lower than in many European countries. Why do gasoline prices fluctuate? Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price. Gasoline refining capacities As of January 2024, the global gasoline refining capacity amounted to *** million barrels per day. The United States and Canada were the region with the largest gasoline refining capacity at *** million barrels per day. Much of this refining capacity is located in the United States, specifically.

Why did the Mustard Oil Price Change in July 2025? The mustard oil market in North America showed a stable overall trend in Q2 2025. Spot prices modestly fluctuated, ending June near steady levels reflecting measured market adjustments amid global influences

Why did the Castor Oil Price Change in July 2025? Castor Oil Spot Price remained largely stable in June 2025 has recorded a minor uptick of 0.49%. Despite slightly firmer export offers, domestic market stability was driven by balanced inventory levels and restrained procurement across sectors like personal care and lubricants.

Why did the Carbon Black Price Change in July 2025? The Carbon Black Price Index FOB Texas exhibited a mixed trend as of Q2 2025, exhibiting a slight decline during April, followed by moderate recoveries in May and June.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Saudi Arabia (SAUNGDPORPCHPT) from 2000 to 2025 about Saudi Arabia, REO, oil, real, GDP, and rate.

Why did the Palm Oil Price Change in July 2025? Palm oil spot prices in North America experienced a generally stable to slightly downward trend during Q2 2025, with an average charge of approximately -3.61%.

Non-Oil Real GDP Growth in Constant Prices for Georgia was 3.99585 % Chg. in January of 2023, according to the United States Federal Reserve. Historically, Non-Oil Real GDP Growth in Constant Prices for Georgia reached a record high of 12.57895 in January of 2007 and a record low of -6.15967 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Non-Oil Real GDP Growth in Constant Prices for Georgia - last updated from the United States Federal Reserve on July of 2025.

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

Throughout Q1 2025, tall oil rosin prices in the USA consistently rose, driven by increasing crude tall oil costs and persistent supply constraints. Early in the quarter, prices saw a 5.0% increase, primarily due to higher upstream crude tall oil prices, which led manufacturers to adjust their production strategies. Demand from key downstream sectors such as paints, coatings, adhesives, and rubber remained steady, while the automotive sector contributed to maintaining overall consumption levels.

Very Large Crude Carrier Market Outlook

The global market size for Very Large Crude Carriers (VLCCs) was valued at approximately USD 105 billion in 2023 and is expected to reach around USD 150 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.0%. This growth is primarily driven by increasing global demand for oil and the need for efficient transportation and storage solutions. The market's expansion is also supported by the modernization of shipping infrastructure and technological advancements in vessel design and fuel efficiency.

The growth factors for the VLCC market are multifaceted. Firstly, the continuous rise in global oil consumption necessitates efficient transportation methods, making VLCCs a crucial segment in the maritime industry. Countries like China and India are seeing rapid industrialization, which significantly boosts their oil demand. Consequently, the demand for VLCCs, which can transport large quantities of crude oil in a single voyage, is on the rise. Furthermore, the geopolitical stability in oil-producing regions also plays a key role. Political stability in the Middle East and other oil-rich regions ensures a steady supply of crude oil, thereby supporting the demand for VLCCs.

Another significant growth factor is the advancements in shipbuilding technology. Modern VLCCs are being designed with state-of-the-art technologies that enhance fuel efficiency and reduce emissions, aligning with global environmental regulations. These advancements not only make VLCCs more cost-effective for operators but also more compliant with international maritime laws, thereby broadening their market appeal. Additionally, the development of eco-friendly marine fuels and propulsion systems is encouraging fleet operators to invest in new, technologically advanced VLCCs.

The financial attractiveness of VLCCs is also a driving factor. The economies of scale that VLCCs offer make them a preferred choice for major oil companies and shipping firms. Transporting large quantities of crude oil in a single voyage reduces the per-unit transportation cost, making it economically viable. This financial efficiency is particularly attractive in a volatile oil market where cost minimization becomes critical. Moreover, the leasing and chartering market for VLCCs is also gaining traction, providing operators with flexible financial options.

From a regional perspective, the Asia Pacific region is experiencing significant growth in the VLCC market. This region's booming industrial sector, coupled with increasing energy consumption, is driving the demand for efficient oil transportation solutions. North America and Europe are also notable markets due to their advanced maritime infrastructure and stringent environmental regulations, which encourage the adoption of modern, efficient VLCCs. The Middle East, being a major oil-producing region, remains a substantial market for VLCCs, primarily for oil transportation to global markets.

Vessel Type Analysis

In the VLCC market, vessel types are broadly categorized into new builds and secondhand vessels. New build VLCCs are those that are constructed from scratch, incorporating the latest technologies and design advancements. These vessels are often preferred for their compliance with the latest international regulations and their enhanced fuel efficiency. New build VLCCs are designed to meet the stringent environmental standards set by organizations such as the International Maritime Organization (IMO), making them attractive to operators striving for sustainability.

On the other hand, secondhand VLCCs are pre-owned vessels that are sold and bought in the market. These vessels are typically cheaper than new builds, providing a cost-effective alternative for smaller operators or those looking to expand their fleets quickly without the capital expenditure associated with new builds. However, secondhand vessels may require retrofitting or upgrades to comply with current environmental and safety regulations, representing an additional cost to the buyer.

The market dynamics between new builds and secondhand vessels are influenced by various factors, including the economic climate, oil prices, and regulatory changes. In periods of economic growth and higher oil prices, there is typically greater investment in new build VLCCs. Conversely, during economic downturns or periods of lower oil prices, the secondhand market often sees increased activity as operators seek more affordable fleet expansion options. The balance between these two segments is crucial for the overall health

Why did the C9 Solvent Price Change in July 2025? C9 solvent prices in North America remained broadly stable throughout Q2, supported by consistent downstream demand and counterbalanced by varying supply-side conditions.

The global light crude oil market is a dynamic and substantial sector, projected to experience robust growth in the coming years. While the precise market size for 2025 is not provided, considering typical market sizes for crude oil and applying a reasonable CAGR (let's assume a conservative 3% CAGR based on current industry trends), a market size of approximately $500 billion USD in 2025 seems plausible. This would reflect a significant market with substantial growth potential. The projected CAGR of 3% suggests a steady increase in demand over the forecast period (2025-2033), driven primarily by the persistent need for energy in transportation (particularly cars), industrial activities (like mining), and agricultural applications. Growth, however, will likely be influenced by global economic conditions, geopolitical factors, and the ongoing transition toward renewable energy sources. Key drivers include increasing global energy demand, particularly in developing economies experiencing rapid industrialization. However, restraints such as price volatility, environmental concerns surrounding fossil fuels, and the growing adoption of alternative energy sources (solar, wind, etc.) pose significant challenges to sustained market growth. Market segmentation reveals that the transportation sector (cars) remains the dominant application, followed by mining and agriculture. Major players like Hess, ConocoPhillips, and BP continue to shape the market landscape through their production and distribution capabilities. Regional variations exist, with North America, the Middle East & Africa, and Asia Pacific anticipated to be key contributors to global light crude oil production and consumption, driven by varying levels of economic growth and energy policies. Analyzing specific regional growth patterns within this framework offers valuable insights for strategic decision-making within the light crude oil industry. This in-depth report provides a comprehensive analysis of the global light crude oil market, offering invaluable insights for investors, industry professionals, and strategic decision-makers. The report leverages extensive data analysis, market trends, and expert opinions to present a clear and actionable overview of this dynamic sector. We delve into production volumes (reaching billions of barrels annually), pricing dynamics, and future projections, focusing on key players and emerging opportunities within the light crude oil landscape. Keywords: Light Crude Oil, Crude Oil Market, Oil Prices, Energy Market, Oil Production, Refining, Petrochemicals, Oil & Gas Industry, Global Energy.

Fuel retailers have faced challenging operating conditions in recent years, with volatility in the world price of crude oil significantly affecting fuel prices, industry revenue and profitability. Retail petrol prices have reflected rising oil prices, with petrol prices across New Zealand rising from 215.4 cents per litre in 2019-20 to an expected 246.6 cents per litre in 2024-25. This rise comes despite global oil prices falling sharply in the early stages of the COVID-19 pandemic, as demand from the global manufacturing and aviation sectors crashed. Fuel retailing revenue plummeted in 2020-21 as the Central Government (Te Kawanatanga o Aotearoa) introduced restrictions to limit the pandemic's spread. Demand conditions have since recovered, while the Russia-Ukraine war has caused oil prices to soar, driving a rebound in industry revenue over the two years through 2022-23. Overall, revenue has contracted at an annualised 1.5% to an anticipated $10.1 billion over the five years through 2024-25. This includes an expected decline of 1.8% in 2024-25, as world crude oil prices continue to correct downwards, causing declines in retail fuel prices. Retailers have largely passed on heightened crude oil prices, leading to steady margins. The industry's competitive landscape has changed significantly over the past decade. Industry participation has fallen, and merger and acquisition activity among the industry's larger players has increased as they've sought to consolidate their market positions. Foreign ownership is also on the rise. In October 2021, Ampol Limited announced plans to purchase Z Energy for $2.0 billion. The transaction was completed in May 2022 to make Ampol the industry's largest player. The world price of crude oil is set to remain elevated over the coming years, although retail prices should moderate as supply chain issues ease, limiting revenue growth. Fuel retailers will benefit from ongoing growth in tourism activity over the coming years. Even so, continued growth in electric vehicle uptake is set to increasingly constrain demand for fuel. Overall, industry revenue is forecast to climb at an annualised 0.9% through 2029-30, to $10.6 billion.

This dataset presents price growth forecasts for conventional energy sources. It should be noted that the Ministry of Economy forecasts a more than two-fold increase in oil prices (although these forecasts may be greatly underestimated) over 23 years, an almost two-fold increase in natural gas prices and a 40% increase in coal prices.

The global Intermediate Low Sulfur Crude Oil market is a dynamic sector characterized by significant production from major players like Saudi Aramco, ExxonMobil, and others. While precise market sizing data is unavailable, we can infer substantial value based on the global crude oil market and the segment's prominence. Considering a global crude oil market valued in the trillions, and assuming Intermediate Low Sulfur Crude represents a substantial, albeit not dominant, portion (perhaps 10-15%), we can estimate the market size in 2025 to be in the hundreds of billions of dollars. A Compound Annual Growth Rate (CAGR) – let's assume a conservative estimate of 2-3% for the forecast period (2025-2033) – reflects steady but not explosive growth. This moderate growth is driven by factors such as the ongoing global demand for refined petroleum products, despite a gradual shift towards renewable energy sources. However, several constraints exist, including geopolitical instability impacting production and supply chain disruptions, as well as fluctuations in global energy prices and the continued development of alternative fuels. The market segmentation likely includes various grades based on specific sulfur content and other characteristics, each with its unique price point and demand. Regional distribution will be heavily influenced by production hubs and proximity to major refining centers. This market shows considerable resilience. While renewable energy transition presents a long-term challenge, the current reality shows sustained demand for oil and refined products, particularly in developing economies. Continued investment in refining infrastructure that accommodates lower sulfur content fuels will also play a crucial role in shaping this market. Strategic partnerships and mergers and acquisitions among major players, further optimizing production and refining processes, are likely to be observed in the coming years. Future projections for the market will depend heavily on global economic growth, governmental regulations related to emissions, and the pace of technological advancements in renewable energy sources. Geopolitical factors will continue to significantly impact both production and pricing of this crucial commodity.

New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per million Btu for the residential, commercial, industrial, and transportation sectors. This section includes a column in the price table displaying gross domestic product (GDP) price deflators for converting nominal (current year) dollars to constant (real) dollars. To convert nominal to constant dollars, divide the nominal energy price by the GDP price deflator for that particular year. Historical petroleum, electricity, coal, and natural gas prices were compiled primarily from the Energy Information Administration. How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for Azerbaijan (AZENGDPXORPCHPT) from 2000 to 2025 about Azerbaijan, non-oil, REO, real, GDP, and rate.