In 2023, Dubai Fateh had an average price of 82.09 U.S. dollars per barrel, down from the 96.38 U.S. dollars per barrel compared to the previous year. Dubai Crude (Fateh) oil price Dubai Crude (Fateh) is the most important crude oil benchmark for Asia. Dubai Crude originated in Dubai in the Persian Gulf. Another name for this crude oil is Fateh. The name Fateh comes from an offshore oil field, located some 60 miles from Dubai, and is, therefore, part of the United Arab Emirates. One of the advantages of Dubai Crude compared to other Persian Gulf crude oils, and a main reason why it is used as an oil marker, is its instant availability. Dubai Crude, behind West Texas Intermediate (WTI) and UK Brent, is one of the lighter crude oils. On the other hand, Dubai Crude contains some two percent of sulphur, and thus is part of the so-called sour crude oils. In comparison, UK Brent contains 0.37 percent of sulphur, which means it is a so-called sweet crude oil. The refining of sour and heavier oils is always more expensive than it is for sweeter and lighter oils. Dubai Crude, the same as OPEC oils, is mostly refined and traded in the Asian region. The other two crucial oil benchmarks are West Texas Intermediate (WTI), which is especially important for North America, and UK Brent (Brent Crude), which dominates the European oil market. Such benchmarks are essential for referencing the many types and grades of oil on the worldwide market.With the exception of the years 2009 and 2010, there was a stable increase in the price for one barrel of Dubai-Fateh crude oil in the last ten years, until 2015, when the price dropped by half. The mean price per barrel stood at approximately 24 U.S. dollars in 2002. By 2012, this price had increased to more than 109 U.S. dollars, but dropped to 51.20 U.S. dollars per barrel 2015.

Graph and download economic data for Global price of Dubai Crude (POILDUBUSDQ) from Q1 1990 to Q1 2025 about crude, oil, World, and price.

Graph and download economic data for Global price of Dubai Crude (POILDUBUSDM) from Jan 1990 to May 2025 about crude, oil, World, and price.

Dubai oil prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 33.01 USD per barrel with a minimum of 1.21 USD per barrel in January 1970 and a maximum of 131.22 USD per barrel in July 2008. | TheGlobalEconomy.com

This dataset contains information about world's spot oil prices for 1972-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research. Notes:
* 1972 - 1985 Arabian Light, 1986 - 2020 Dubai dated.

† 1976 -1983 Forties, 1984 -2020 Brent dated.‡ 1976 -1983 Posted WTI prices, 1984 - 2020 Spot WTI (Cushing) prices.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% 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 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of June. 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.

Thailand BOT Forecast: Dubai Crude Oil Price data was reported at 66.000 USD/Barrel in 2020. This stayed constant from the previous number of 66.000 USD/Barrel for 2019. Thailand BOT Forecast: Dubai Crude Oil Price data is updated yearly, averaging 66.000 USD/Barrel from Dec 2011 (Median) to 2020, with 10 observations. The data reached an all-time high of 109.300 USD/Barrel in 2012 and a record low of 36.600 USD/Barrel in 2018. Thailand BOT Forecast: Dubai Crude Oil Price data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.P016: Crude Oil, Non Fuel, Fresh Food and Metal Price: Forecast: Bank of Thailand.

MOF Forecast: Dubai Crude Oil Price data was reported at 64.000 USD/Barrel in 2018. This records an increase from the previous number of 53.100 USD/Barrel for 2017. MOF Forecast: Dubai Crude Oil Price data is updated yearly, averaging 58.550 USD/Barrel from Dec 2013 (Median) to 2018, with 6 observations. The data reached an all-time high of 105.100 USD/Barrel in 2013 and a record low of 41.300 USD/Barrel in 2016. MOF Forecast: Dubai Crude Oil Price data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Thailand – Table TH.P015: Crude Oil Price: Forecast: Ministry of Finance.

In 2024, Dubai Fateh had an average price of 79.61 U.S. dollars per barrel, down from the 82.09 U.S. dollars per barrel compared to the previous year. Dubai Crude (Fateh) oil price Dubai Crude (Fateh) is the most important crude oil benchmark for Asia. Dubai Crude originated in Dubai in the Persian Gulf. Another name for this crude oil is Fateh. The name Fateh comes from an offshore oil field, located some 60 miles from Dubai, and is, therefore, part of the United Arab Emirates. One of the advantages of Dubai Crude compared to other Persian Gulf crude oils, and a main reason why it is used as an oil marker, is its instant availability. Dubai Crude, behind West Texas Intermediate (WTI) and UK Brent, is one of the lighter crude oils. On the other hand, Dubai Crude contains some two percent of sulphur, and thus is part of the so-called sour crude oils. In comparison, UK Brent contains 0.37 percent of sulphur, which means it is a so-called sweet crude oil. The refining of sour and heavier oils is always more expensive than it is for sweeter and lighter oils. Dubai Crude, the same as OPEC oils, is mostly refined and traded in the Asian region. The other two crucial oil benchmarks are West Texas Intermediate (WTI), which is especially important for North America, and UK Brent (Brent Crude), which dominates the European oil market. Such benchmarks are essential for referencing the many types and grades of oil on the worldwide market.With the exception of the years 2009 and 2010, there was a stable increase in the price for one barrel of Dubai-Fateh crude oil in the last ten years, until 2015, when the price dropped by half. The mean price per barrel stood at approximately 24 U.S. dollars in 2002. By 2012, this price had increased to more than 109 U.S. dollars, but dropped to 51.20 U.S. dollars per barrel 2015.

Real-time dubai crude oil price data updated every 5 minutes

Zambia Commodity Prices: Crude Oil (Dubai) data was reported at 78.020 USD/Barrel in Oct 2018. This records an increase from the previous number of 75.770 USD/Barrel for Sep 2018. Zambia Commodity Prices: Crude Oil (Dubai) data is updated monthly, averaging 67.558 USD/Barrel from Jan 2004 (Median) to Oct 2018, with 178 observations. The data reached an all-time high of 130.650 USD/Barrel in Jul 2008 and a record low of 25.830 USD/Barrel in Jun 2004. Zambia Commodity Prices: Crude Oil (Dubai) data remains active status in CEIC and is reported by Bank of Zambia. The data is categorized under Global Database’s Zambia – Table ZM.P001: Commodity Price.

In April 2025, the average price of the OPEC basket was 68.98 U.S. dollars per barrel. This was a notable decrease compared to the previous month and the lowest value in the past 24 months. The OPEC basket is a weighted average of prices for petroleum blends produced by OPEC countries. OPEC stands for “Organization of the Petroleum Exporting Countries,” and was founded in 1960 in Baghdad, Iraq. The main aim of OPEC is to coordinate the oil policies of its members, and thus to have more influence on the international oil market. It is used as an important benchmark for crude oil prices. The OPEC basket oil price The OPEC crude oil price is defined by the price of the so-called OPEC (reference) basket. This basket is an average of the prices of petroleum blends that are produced by the OPEC members. The following countries are members of this organization: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, and Arab Light from Saudi Arabia. The OPEC reference basket includes both heavy and light crude oils, and is heavier than most other crudes. OPEC's oil production amounted to 34 million barrels per day in 2023. Oil price benchmarks The OPEC basket is one of the most crucial benchmarks for crude oil pricing 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. Looking at the OPEC price within the last two years, the highest price was some 94.6 U.S. dollars per barrel in September 2023.

Oil Price: Dubai data was reported at 63.700 USD/Barrel in 15 May 2025. This records a decrease from the previous number of 66.010 USD/Barrel for 14 May 2025. Oil Price: Dubai data is updated daily, averaging 79.475 USD/Barrel from Mar 2001 (Median) to 15 May 2025, with 5142 observations. The data reached an all-time high of 140.700 USD/Barrel in 04 Jul 2008 and a record low of 0.000 USD/Barrel in 10 Aug 2020. Oil Price: Dubai data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.P: Oil Price. [COVID-19-IMPACT]

High Frequency Indicator: The dataset contains year- and month-wise historically compiled data from the year 2000-01 to till date on International Free On Board (FOB) price of crude oil (indian basket)

Notes: 1. The FOB (Free On Board) price is the price of goods at the frontier of the exporting country or price of a service provided to a non-resident. It includes the values of the goods or services at the basic price, the transport and distribution services up to the frontier, the taxes minus the subsidies 2. The composition of Indian Basket of Crude oil represents Average of Oman & Dubai for sour grades and Brent (Dated) for sweet grade. The ratio of crude oil for this purpose is taken based on actual sour and sweet grade crude oil processed in the country in the previous financial year
3. Crude oil with high amount of sulphur is termed as sour and with less sulphur is called the sweet grade

Crude oil prices greatly influence energy costs, transportation expenses, and inflation rates. This article discusses the different types of crude oil prices, including Brent Crude, WTI, OPEC Basket, Dubai Crude, and Urals Crude, and highlights the factors that influence their pricing. Understanding and monitoring these prices is crucial for businesses, governments, and individuals as they have significant implications on the global economy, energy markets, and financial stability.

Gasoline Prices in the United Arab Emirates remained unchanged at 0.67 USD/Liter in June. This dataset provides - United Arab Emirates Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United Arab Emirates Crude Oil: Exports

• United Arab Emirates Crude Oil: Exports was reported at 2,651.100 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 2,717.117 Barrel/Day th for Dec 2022
• United Arab Emirates Crude Oil: Exports data is updated yearly, averaging 2,031.700 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 2,717.117 Barrel/Day th in 2022 and a record low of 977.700 Barrel/Day th in 1985
• United Arab Emirates Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

Crude Oil Production for United Arab Emirates was 3212916.66670 Barrels Per Day in January of 2025, according to the United States Federal Reserve. Historically, Crude Oil Production for United Arab Emirates reached a record high of 3212916.66670 in January of 2025 and a record low of 2925833.33330 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Crude Oil Production for United Arab Emirates - last updated from the United States Federal Reserve on July of 2025.

In June 2025, the average price of one barrel of Brent crude oil was 71.44 U.S. dollars. This was around seven U.S. dollars more than prices the previous month, which were the lowest value in the past 24-month period. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.