Brent rose to 67.12 USD/Bbl on June 9, 2025, up 0.98% from the previous day. Over the past month, Brent's price has risen 3.33%, but it is still 17.77% 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 June of 2025.

Crude Oil rose to 64.67 USD/Bbl on June 9, 2025, up 0.13% from the previous day. Over the past month, Crude Oil's price has risen 4.39%, but it is still 16.82% 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 June of 2025.

Sri Lanka Petroleum Price: Average: Crude Oil: USD data was reported at 57.790 USD/Barrel in 2017. This records an increase from the previous number of 46.300 USD/Barrel for 2016. Sri Lanka Petroleum Price: Average: Crude Oil: USD data is updated yearly, averaging 37.480 USD/Barrel from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 114.000 USD/Barrel in 2012 and a record low of 13.470 USD/Barrel in 1998. Sri Lanka Petroleum Price: Average: Crude Oil: USD data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database’s Sri Lanka – Table LK.P008: Petroleum Price.

On June 2, 2025, the Brent crude oil price stood at 64.5 U.S. dollars per barrel, compared to 62.52 U.S. dollars for WTI oil and 65.13 U.S. dollars for the OPEC basket. Crude oil prices were some of the lowest they had been since February 2021.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.

As of April 2025, the average annual price of Brent crude oil stood at 73.89 U.S. dollars per barrel. This is some seven 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.

Learn about the significance of the petroleum USD, the price of oil denominated in U.S. dollars, and its impact on global oil trade, economies, financial markets, and geopolitical dynamics.

Historical dataset of daily Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.

Gasoline rose to 2.09 USD/Gal on June 9, 2025, up 0.36% from the previous day. Over the past month, Gasoline's price has fallen 2.01%, and is down 13.72% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on June of 2025.

Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data was reported at 1.030 USD in 2016. This records an increase from the previous number of 1.020 USD for 2014. Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.850 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.350 USD in 2008 and a record low of 0.110 USD in 1998. Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Uzbekistan – Table UZ.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

Gasoline Prices in the United States decreased to 0.83 USD/Liter in May from 0.84 USD/Liter in April of 2025. This dataset provides the latest reported value for - United States Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of April. 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.

Papua New Guinea PG: Pump Price for Gasoline: USD per Liter data was reported at 1.360 USD in 2014. This records an increase from the previous number of 0.940 USD for 2008. Papua New Guinea PG: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.940 USD from Dec 1998 (Median) to 2014, with 5 observations. The data reached an all-time high of 1.360 USD in 2014 and a record low of 0.410 USD in 1998. Papua New Guinea PG: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

Gasoline Prices in Vietnam remained unchanged at 0.74 USD/Liter in May. This dataset provides the latest reported value for - Vietnam Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline Prices in India remained unchanged at 1.11 USD/Liter in May. This dataset provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany DE: Pump Price for Diesel Fuel: USD per Liter data was reported at 1.200 USD in 2016. This records a decrease from the previous number of 1.580 USD for 2014. Germany DE: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 1.290 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.880 USD in 2012 and a record low of 0.690 USD in 1998. Germany DE: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.;German Agency for International Cooperation (GIZ).;Median;

The global petroleum liquid feedstock market is estimated to reach USD 345.1 billion in 2025 and is expected to expand to USD 524.3 billion by 2035, reflecting a compound annual growth rate (CAGR) of 4.3% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 345.1 billion
Industry Value (2035F)	USD 524.3 billion
CAGR (2025 to 2035)	4.3%

Country-wise Analysis

Country	CAGR (2025 to 2035)
United States	4.5%

Country	CAGR (2025 to 2035)
United Kingdom	4.1%

Region	CAGR (2025 to 2035)
European Union	4.2%

Country	CAGR (2025 to 2035)
Japan	4.0%

Country	CAGR (2025 to 2035)
South Korea	4.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
ExxonMobil Corporation	9-11%
Saudi Aramco	8-10%
Royal Dutch Shell plc	7-9%
TotalEnergies SE	5-7%
Reliance Industries Limited	4-6%
Other Companies (combined)	57-67%

Gasoline Prices in France decreased to 1.98 USD/Liter in May from 1.99 USD/Liter in April of 2025. This dataset provides the latest reported value for - France Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Belarus BY: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.620 USD in 2016. This records a decrease from the previous number of 1.060 USD for 2014. Belarus BY: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.585 USD from Dec 1998 (Median) to 2016, with 10 observations. The data reached an all-time high of 1.060 USD in 2014 and a record low of 0.130 USD in 1998. Belarus BY: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Belarus – Table BY.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.;German Agency for International Cooperation (GIZ).;Median;

Romania RO: Pump Price for Diesel Fuel: USD per Liter data was reported at 1.140 USD in 2016. This records a decrease from the previous number of 1.710 USD for 2014. Romania RO: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 1.140 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.730 USD in 2012 and a record low of 0.190 USD in 1995. Romania RO: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

Gasoline Prices in Lebanon decreased to 0.78 USD/Liter in May from 0.79 USD/Liter in April of 2025. This dataset provides the latest reported value for - Lebanon Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.