Crude Oil rose to 70.07 USD/Bbl on July 31, 2025, up 0.09% from the previous day. Over the past month, Crude Oil's price has risen 7.05%, but it is still 8.18% 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.

The global crude oil trading market, a multi-trillion dollar industry, is characterized by intense competition among major players and significant influence from geopolitical events and macroeconomic factors. While precise market sizing data is not provided, leveraging publicly available information suggests a 2025 market value in the range of $3-4 trillion USD, reflecting the enormous volume of crude oil traded globally. The Compound Annual Growth Rate (CAGR) – while unspecified – is likely to be in the low single digits over the forecast period (2025-2033), influenced by factors such as fluctuating demand driven by global economic growth, the ongoing energy transition toward renewable sources, and OPEC+ production policies. Key drivers include increasing global energy demand from developing economies, particularly in Asia, and the continued reliance on crude oil as a primary energy source. Trends indicate a shift towards greater transparency and digitalization within trading operations, as well as a growing focus on sustainability and environmental concerns impacting trading strategies and investments in carbon capture technologies. Restraints include price volatility caused by geopolitical instability, regulatory changes, and the increasing adoption of alternative energy sources. The market is segmented by various factors including crude type (Brent, WTI, etc.), trading location (spot, futures, etc.), and geographical regions. The major players in this market, including Vitol, Trafigura, Glencore, Gunvor, and the integrated oil majors (BP, Shell, TotalEnergies, Chevron), continue to dominate the landscape due to their established networks, financial strength, and access to vast resources. However, emerging players from Asia and the Middle East are increasingly challenging this dominance. Regional dynamics significantly impact trading patterns, with North America, Europe, and Asia remaining crucial regions. The forecast period will likely witness continued consolidation within the industry, strategic partnerships, and innovation in trading technology. The overall market is expected to demonstrate resilience despite the long-term shift towards decarbonization, largely driven by the continued demand for oil, particularly in transportation and industrial sectors. This necessitates continuous adaptation and strategic planning by market participants to navigate the evolving dynamics of the crude oil trading landscape effectively.

Brent fell to 71.82 USD/Bbl on July 31, 2025, down 0.90% from the previous day. Over the past month, Brent's price has risen 7.02%, but it is still 9.69% lower than a year ago, 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 July of 2025.

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The crude oil market has the potential to grow by 4781.60 million barrels during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 2.73%.

This crude oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by production area (onshore and offshore) and geography (APAC, North America, Europe, MEA, and South America). The report also offers information on several market vendors, including BP Plc, Chevron Corp., and ConocoPhillips Co., among others.

What will the Crude Oil Market Size be in 2021?

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Crude Oil Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing upstream investment is notably driving the crude oil market growth, although factors such as fluctuations in global crude oil prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the crude oil industry get your FREE report sample now.

      The rising energy demand across the world has prompted governments to explore untapped oil and gas resources in the upstream sector, using advanced technologies.
      The production of oil and natural gas is declining from many conventional oilfields. To overcome this issue, oil and gas operators are increasing investments in mature oil and gas fields.
      The adoption of unconventional exploration and production technologies in large shale deposits has widened opportunities for upstream oil and gas companies.
      The growing investments in the upstream oil and gas sector will significantly influence crude oil market growth over the forecast period.




      Technological development in the hydraulic fracturing process is aiding in the exploration and production of oil and gas from shale plays.
      The advances in the drilling technology and proppant placement in downhole wells increased hydrocarbon recovery from unconventional wells.
      Technological advances such as integration of the internet of things (IoT) for data acquisition, as well as the use of data analytics and machine learning, supports the efficiency of tools that is one of the key crude oil market trends.
      Real-time pressure data is crucial in crude oil production as it eliminates the over-fracturing issue.
      Automation of hydraulic fracturing optimizes the hydraulic fracturing method using algorithmic controls and supports enhanced well performance.

This crude oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Crude Oil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BP Plc
Chevron Corp.
ConocoPhillips Co.
Exxon Mobil Corp.
PetroChina Co. Ltd.
Petroleo Brasileiro SA
Qatar Petroleum
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.

The crude oil market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the crude oil market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Crude Oil Market?

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44% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for crude oil in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Production Area Segments in the Crude Oil Market?

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The crude oil market share growth by the onshore segment will be significant during the forecast period. In onshore exploration and pr

Crude oil trading charts are graphical representations of the price movements of crude oil over a specific period of time, providing valuable information for traders and investors. Learn how different types of charts, such as line charts, bar charts, and candlestick charts, are used to identify patterns and make informed trading decisions. Discover how technical indicators enhance analysis, and where to access customizable real-time charts. Explore the power of crude oil trading charts in analyzing market t

The Base Oil Market report segments the industry into Type (Group I, Group II, Group III, Group IV, Other Types (Group V and Bio-based Base Oils)), Application (Engine Oils, Transmission and Gear Oils, Metalworking Fluids, Hydraulic Fluids, Greases, Other Applications (Process Oils, Turbine Oil, Compressor Oil, Circulating Oils, etc.)), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).

Palm Oil rose to 4,277 MYR/T on July 30, 2025, up 0.02% from the previous day. Over the past month, Palm Oil's price has risen 7.73%, and is up 9.41% compared to the same time last year, 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 July of 2025.

Heating Oil rose to 2.42 USD/Gal on July 31, 2025, up 0.38% from the previous day. Over the past month, Heating Oil's price has risen 3.79%, and is up 0.23% compared to the same time last year, 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 July of 2025.

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The fuel oil market size will decrease by USD 84.77 billion during 2020-2024. This report provides a detailed analysis of the market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd.

Market Overview

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Market Competitive Analysis

The fuel oil market is fragmented with numerous vendors that produce and supply fuel oil to customers. Vendors need to make high capital investments to remain competitive in the market. BP Plc, Chevron Corp., and Exxon Mobil Corp. are some of the major market participants. Although the rise in world energy demand will offer immense growth opportunities, the fluctuations in crude oil prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this fuel oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this fuel oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• JXTG Holdings Inc.
• PJSC LUKOIL
• PT Pertamina(Persero)
• Qatar Petroleum
• Reliance Industries Ltd.
• Royal Dutch Shell Plc
• SK Innovation Co. Ltd.

Fuel Oil Market: Segmentation by Application

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The primary requirement of any marine engine is to propel the ship or generate onsite power by using the energy obtained from burning fuel oil. The mega marine engines of ships burn tons of fuel every day to propel the massively loaded ships. The rise in demand for bunker fuel oil due to the growing seaborne trade and growing naval activities will drive the demand for fuel oil for marine.

However, market growth in this segment will be slower than the growth of the market in the industrial and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel oil market size.

Fuel Oil Market: Segmentation by Geography

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Global Fishmeal & Fish Oil Market size will exceed a valuation of USD 20.42 billion by 2032, to grow at a CAGR of 4.60% during the forecast period.

The linseed oil market is anticipated to generate USD 9,363.4 million in sales revenue globally in 2025. It is projected to expand at a CAGR of 6%, reaching an estimated worth of USD 16,824.6 million by 2035.

Attributes	Description
Industry Size (2025E)	USD 9,363.4 million
Industry Value (2035F)	USD 16,824.6 million
Value-based CAGR (2025 to 2035)	6%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
India	18.00%
China	4.80%

The global arborvitae oil market is set to grow from USD 703.78 million in 2025 to USD 1, 237.43 million in 2035, expanding at 5.80% CAGR during the forecast period.

Metrics	Values
Industry Size (2025E)	USD 703.78 million
Industry Value (2035F)	USD 1,237.43 million
CAGR (2025 to 2035)	5.8%

Country-Wise Analysis

Countries	CAGR (2025 to 2035)
USA	4.2%
Germany	3.3%
UK	3.8%
India	5%
Japan	5.9%

Competitive Outlook

Company Name	Estimated Industry Share (%)
doTERRA International LLC	20-25%
New Directions Aromatics Inc.	15-20%
AVI Naturals	10-15%
Venkatramna Industries	8-12%
Lala Group of India	5-10%
Other Companies (combined)	20-30%

According to recent market analysis, non-GMO oil industry revenues stood at USD 1,437.7 million in 2025 and are forecast to reach USD 1,998.4 million by 2035, reflecting a CAGR of 3.9%.

Attributes	Description
Estimated Size (2025E)	USD 1,437.7 million
Projected Value (2035F)	USD 1,998.4 million
Value-based CAGR (2025 to 2035)	3.9%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	2.2%
H2 (2024 to 2034)	2.9%
H1 (2025 to 2035)	3.2%
H2(2025 to 2035)	3.9%

Country-wise Insights

Countries	CAGR 2025 to 2035
USA	2.6%
Germany	3.2%
China	4.5%
Japan	5.5%
India	6.6%

The Report Covers US Oil and Gas Market Trends and Industry Overview and it is Segmented by Sector (Upstream, Midstream, and Downstream).

The report covers Latin America Fats and Oil Market and is segmented by Type (Fats, Specialty Fats, and Oils); By Application (Food, Industrial, and Animal Feed), and by Geography (Brazil, Argentina, and Rest of South America).

The size of the Africa Fats and Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.49% during the forecast period. The Africa fats and oils market encompasses the production, processing, distribution, and consumption of edible fats and oils across the African continent. This market includes a diverse range of products derived from both vegetable and animal sources, such as palm oil, soybean oil, sunflower oil, canola oil, and animal fats. In Africa, palm oil is a dominant component due to its widespread cultivation in countries like Nigeria, Ghana, and Côte d'Ivoire, where it plays a crucial role in local diets and economies. Soybean oil and sunflower oil are also significant, driven by both domestic production and imports to meet the growing demand for edible oils. The market is influenced by factors such as population growth, urbanization, and changing dietary preferences, which increase the demand for processed and convenience foods. Additionally, the market is impacted by agricultural practices, trade policies, and economic conditions, which affect the supply chain and pricing of fats and oils. Regional variations exist within the market, with different countries focusing on specific oil types based on local agricultural resources and consumption habits. As the market evolves, stakeholders are focusing on enhancing production efficiency, sustainability, and meeting the diverse needs of a rapidly changing consumer base. Recent developments include: March 2023: Wilmar International Ltd (WILMAR) initiated the construction of an edible oil plant located in Richards Bay, KwaZulu-Natal, South Africa. This USD 81 million project encompasses the development of a fractionator, a shortening plant, and a packaging facility. Notably, this endeavor commenced in 2020., July 2022: Eni introduced the first vegetable oil production facility for biorefining in Kenya. This venture involved the establishment of an oilseed collection and pressing plant, which marked the inception of vegetable oil production for bio-refineries., June 2021: WA Group made a substantial investment of USD 114 million in a processing plant aimed at boosting edible oil production in Ethiopia. This strategic investment enabled the company to cease importing edible oils and, instead, focus on refining crude palm oil sourced from other countries, as well as processing locally cultivated oilseeds such as sesame seeds, peanut seeds, niger seeds, soya beans, and haricot beans.. Key drivers for this market are: Wide Applications of Oils and Fats in Different End-Use Industries, Government Initiatives and Key Players Adopting Innovative Market Expansion Strategies. Potential restraints include: Volatility in Imports and Supply Chain of Oils. Notable trends are: Wide Applications of Oils and Fats in Different End-Use Industries.

The global process oil market size is expected to reach USD 5.67 billion by 2030, according to a new study by Polaris Market Research.

The global fish oil market is anticipated to witness robust growth, increasing from USD 10.4 billion in 2025 to USD 24.6 billion by 2035, with a projected CAGR of 9.0% over the forecast period.

Attribute	Detail
Market Size (2025)	USD 10.4 billion
Market Size (2035)	USD 24.6 billion
CAGR (2025-2035)	9.0%

Semi Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	8.7%
H2 (2024 to 2034)	9.3%
H1 (2025 to 2035)	8.9%
H2 (2025 to 2035)	9.5%

Country wise Insights

Countries	CAGR 2025 to 2035
United States	3.8%
China	6.3%
Norway	2.5%

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Medium Chain Triglyceride (MCT) Oil Market Size 2024-2028

The medium chain triglyceride (mct) oil market size is forecast to increase by USD 448.1 million at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth driven by the increasing demand for dietary supplements as preventive measures against various health conditions. MCT Oil, known for its ability to provide a quick source of energy to the body and aid in weight management, has gained popularity in the health and wellness industry. Furthermore, new product launches and innovations in the market continue to cater to diverse consumer preferences and needs. However, the market is not without challenges. Loss of consumer confidence due to negative publicity surrounding certain MCT Oil brands and the presence of counterfeit products have posed significant hurdles for market players. To capitalize on the opportunities presented by this market, companies must prioritize product quality, transparency, and consumer education. Strategic partnerships, collaborations, and mergers and acquisitions can also help players expand their reach and strengthen their market position. Additionally, investing in research and development to introduce innovative and differentiated products can help companies stay competitive and meet the evolving demands of health-conscious consumers.

What will be the Size of the Medium Chain Triglyceride (MCT) Oil Market during the forecast period?

Request Free SampleThe MCT oil market in the US has experienced significant growth in recent years, driven by increasing consumer awareness of health and wellness. MCT oil, derived from sources such as coconut and palm kernel oil, is known for its ability to provide a quick source of energy and aid in digestion and metabolism. The market's size is expected to continue expanding, fueled by the demand for MCT oil in various industries. In the food sector, MCT oil is used in edible oils, energy bars, and weight-loss supplements. In the health and beauty industry, it is utilized in organic beauty products and dietary supplements. Additionally, MCT oil finds application in sports nutrition, particularly in energy drinks and protein shakes for athletes and bodybuilders. According to FAOSTat, the market's value is projected to grow steadily, surpassing traditional sources like mineral oil and dairy products. The trend towards natural sourcing and the growing popularity of MCT oil as a healthy alternative to long-chain triglycerides further bolsters market growth.

How is this Medium Chain Triglyceride (MCT) Oil Industry segmented?

The medium chain triglyceride (mct) oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationSupplementsPharmaceuticalsOthersSourcePalmCoconutOthersGeographyNorth AmericaUSAPACChinaIndiaEuropeFranceUKSouth AmericaMiddle East and Africa

By Application Insights

The supplements segment is estimated to witness significant growth during the forecast period.MCT oil, a type of edible oil derived from milk fats, coconut oil, and palm kernel oil, is gaining popularity as an energy food and dietary supplement. Its unique property of being easily digested by the body, bypassing the need for digestive enzymes and bile salts, makes it an attractive option for individuals seeking quick energy and improved metabolism. MCT oil consists mainly of Caprylic and Capric triglycerides, which have antimicrobial properties that help eliminate bacteria, parasites, and fungi, contributing to better immunity and weight management. The global market for MCT oil is witnessing significant growth due to increasing consumer awareness about healthy weight management, energy, and immunity. The demand for MCT oil is not limited to food and beverages but also extends to cosmetics, lotions, creams, and ointments. In the food industry, MCT oil is used as a food emulsifier in various applications, including infant formula, sports nutrition, and weight-loss supplements. The packaging industry is also capitalizing on the growing demand for MCT oil by offering innovative solutions to preserve its distinct flavors and ensure its stability. The increasing popularity of natural sourcing and organic beauty products in the cosmetics industry is also contributing to the growth of the MCT oil market. Despite the benefits, MCT oil is not without competition. Mineral oils and other traditional emulsifiers continue to dominate the market, but the health concerns associated with their use are driving consumers towards natural alternatives like MCT oil. The market is expected to grow further due to ongoing innovations in the food, cosmetics, and sports nutrition industries. MCT oil is not just a food ingredient but also a valuable component i

The Process Oil Market Report is Segmented by Type (aromatic, Paraffinic, And Naphthenic), Application (rubber, Polymers, Personal Care, And Other Applications), And Geography (Asia-Pacific, North America, Europe, South America, And Middle-East and Africa). The Market Size and Forecast are Provided in Terms of Volume (tons) for all the Above Segments.