The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

On June 30, 2025, the Brent crude oil price stood at 66.64 U.S. dollars per barrel, compared to 65.11 U.S. dollars for WTI oil and 68.35 U.S. dollars for the OPEC basket. OPEC prices fell that week as concerns over supply constraints related to the Israel-Iran conflict eased.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 fell to 65.37 USD/Bbl on July 2, 2025, down 0.12% from the previous day. Over the past month, Crude Oil's price has risen 3.09%, but it is still 21.43% 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.

This dataset contains information about daily spot prices for crude oil WTI and Brent from 1986. data from US Energy Information AdministrationNotes:Citation: "Spot Prices For Crude Oil And Petroleum Products". Eia.gov. N.p., 2016. Web. 10 Mar. 2016.

Prices of petroleum products and crude oil. Weekly, monthly, and annual data available. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

Thailand Petroleum Product Price: BK: RP: Avg: Gasohol 95: E20 data was reported at 27.800 THB/l in Oct 2018. This records an increase from the previous number of 27.750 THB/l for Sep 2018. Thailand Petroleum Product Price: BK: RP: Avg: Gasohol 95: E20 data is updated monthly, averaging 28.950 THB/l from Jan 2008 (Median) to Oct 2018, with 130 observations. The data reached an all-time high of 37.580 THB/l in Apr 2012 and a record low of 15.650 THB/l in Dec 2008. Thailand Petroleum Product Price: BK: RP: Avg: Gasohol 95: E20 data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P013: Petroleum Products Price.

Thailand Petroleum Product Price: BK: RP: Avg: Fuel Oil 1500 data was reported at 26.250 THB/l in Oct 2018. This records an increase from the previous number of 25.250 THB/l for Sep 2018. Thailand Petroleum Product Price: BK: RP: Avg: Fuel Oil 1500 data is updated monthly, averaging 19.490 THB/l from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 29.730 THB/l in Mar 2012 and a record low of 9.530 THB/l in Jul 2004. Thailand Petroleum Product Price: BK: RP: Avg: Fuel Oil 1500 data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P013: Petroleum Products Price.

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.

Petroleum Product Price: Ex Refinery: LPG data was reported at 19.168 THB/kg in Jun 2018. This records an increase from the previous number of 18.133 THB/kg for May 2018. Petroleum Product Price: Ex Refinery: LPG data is updated monthly, averaging 10.996 THB/kg from Jan 1997 (Median) to Jun 2018, with 258 observations. The data reached an all-time high of 20.824 THB/kg in Feb 2017 and a record low of 4.880 THB/kg in May 1998. Petroleum Product Price: Ex Refinery: LPG data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P007: Price of Petroleum Products.

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.

Purpose of collection: This dataset is mainly to provide the latest price information of fuel oil products of Taiwan CPC Corporation. The data source is internal company data. Microsoft tutorial document: Add and remove Web Servicehttps://msdn.microsoft.com/en-us/library/d9w023sx(vvs.100).aspxMicrosoft tutorial document: Call Web Servicehttps://msdn.microsoft.com/en-us/library/6h0yh8f9(vvs.100).aspx

Graph and download economic data for Producer Price Index by Industry: All Other Petroleum and Coal Products Manufacturing: Primary Products (PCU324199324199P) from Dec 2003 to May 2025 about coal, petroleum, primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

ABSTRACTImpact of fuel prices containment in Brazil and pricing mechanisms options. Petrobras was severely affected by the government's fuel pricing policy. By meeting the increasing demand of LPG, diesel and gasoline, whose prices were below international reference, the company has lost R$ 98 billion in income from 2011 to 2014. In a period of high investments due the exploration of the pre-salt, this loss raised Petrobras debt and deteriorated its financial situation. Should full alignment with the international price be not politically feasible, the international experience suggests adopting stabilization fund as proper pricing mechanism. Political interferences in its management, however, should be prevented.

In Q1 2025, white oil prices in the North American region recorded a quarter-on-quarter decline of 8.3% compared to Q4 2024. At the start of the quarter, prices increased as Winter Storm Enzo disrupted refinery operations and port activities, tightening supply while cold weather boosted demand for skincare products. Higher crude oil prices further supported this temporary uptick, though logistical challenges and extended lead times amplified market volatility.

This dataset comes from the Energy Information Administration (EIA), and is part of the 2011 Annual Energy Outlook Report (AEO2011). This dataset is Table 12, and contains only the reference case. The dataset uses 2009 dollars per gallon. The data is broken down into crude oil prices, residential; commercial, industrial, transportation, electric power and refined petroleum product prices.

In 2024, the export price for one barrel of the Urals crude oil was expected to reach ** U.S. dollars. In the following year, the Russian government expected it to decrease slightly, and in 2027, it was projected to reach **** U.S. dollars per barrel. Urals is Russia's major export oil brand. Crude oil prices in Russia Different types of oil, such as light-weight, low-sulfur (light-sweet) grades and heavier, higher-sulfur (heavy-sour) crudes, can create differences in oil prices. Prices of a barrel of crude oil tend to fluctuate throughout the year due to factors like sulfur content, specific gravity, and location. In recent years, the price of Russian Urals crude oil reached a high of almost ** U.S. dollars per barrel in February 2022 and a low of **** U.S. dollars per barrel in April 2020. The Urals oil is used as a basis for Russian export oil mixture – a mix of heavy, high-oil from the Urals and Volga region and a light Siberian oil. The oil and gas industry account for a large majority of the country’s export income. Many global sources of crude oil are located in areas that are prone to political upheavals or have production disrupted by political events. Prices of major crude oil blends In comparison, the West Texas Intermediate crude oil price was estimated at **** U.S. dollars per barrel in 2024. Furthermore, Dubai Fateh oil prices have fluctuated in the past decade, having reached **** U.S. dollars per barrel in 2023. Prices of petroleum products fluctuate in parallel with crude oil prices but can also depend on seasonality, market factors, or refining outages. Petroleum products like gasoline, diesel, and petrochemical feedstocks are usually the most relevant to consumers.

Get the latest insights on price movement and trend analysis of Castor Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Petroleum Product Price: Ex Refinery: Gasohol 95: E20 data was reported at 18.900 THB/l in Jun 2018. This records a decrease from the previous number of 19.020 THB/l for May 2018. Petroleum Product Price: Ex Refinery: Gasohol 95: E20 data is updated monthly, averaging 19.637 THB/l from Jan 2008 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 27.480 THB/l in Jun 2008 and a record low of 12.265 THB/l in Dec 2008. Petroleum Product Price: Ex Refinery: Gasohol 95: E20 data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P007: Price of Petroleum Products.