The domestic first purchase price for crude oil in the United States amounted to 74.5 nominal U.S. dollars per barrel in 2024. This figure represents an increase in comparison to 2020, when the lower fuel demand following mobility restrictions imposed to stave off the coronavirus pandemic resulted in a considerable fall in prices. According to the source, the average domestic first purchase price represents the average price at which all domestic crude oil is purchased. From 1976, the price represents an average of actual first purchase prices.

View monthly updates and historical trends for US Crude Oil First Purchase Price. from United States. Source: Energy Information Administration. Track eco…

Crude Oil Imports from Russia in Finland remained unchanged at 0 Thousand Tonnes in September. This dataset includes a chart with historical data for Finland Crude Oil Imports From Russia.

This dataset contains India Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

View monthly updates and historical trends for Ohio Crude Oil First Purchase Price. Source: Energy Information Administration. Track economic data with YC…

United States Crude Oil Price: EIA: Domestic First Purchase data was reported at 62.870 USD/Barrel in Aug 2018. This records a decrease from the previous number of 67.000 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: Domestic First Purchase data is updated monthly, averaging 23.925 USD/Barrel from Jan 1974 (Median) to Aug 2018, with 536 observations. The data reached an all-time high of 128.080 USD/Barrel in Jul 2008 and a record low of 6.700 USD/Barrel in Sep 1974. United States Crude Oil Price: EIA: Domestic First Purchase data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

India Imports from Russia of Crude Oil was US$52.73 Billion during 2024, according to the United Nations COMTRADE database on international trade. India Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on October of 2025.

Canada is the main source country for petroleum imported into the United States. In 2024, the United States imported around 4.7 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined since the year 2000. In fact, the U.S. did not purchase any crude oil or oil products from Venezuela between 2020 and 2022. However, in 2024 Venezuelan petroleum imports reached some 232 thousand barrels per day. Crude oil reserves As of 2023, global crude oil reserves were estimated to be around 1.6 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s. Uses of petroleum Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.4 million barrels per day in 2021. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

Key information about China Crude Oil: Imports

• China Crude Oil: Imports was reported at 11,308.860 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 10,187.048 Barrel/Day th for Dec 2022
• China Crude Oil: Imports data is updated yearly, averaging 1,400.537 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 11,308.860 Barrel/Day th in 2023 and a record low of 1.404 Barrel/Day th in 1981
• China Crude Oil: Imports 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 Imports

Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data was reported at 71,625.000 Ton th in Dec 2018. This records an increase from the previous number of 53,914.000 Ton th for Sep 2018. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data is updated quarterly, averaging 10,898.000 Ton th from Dec 2003 (Median) to Dec 2018, with 61 observations. The data reached an all-time high of 71,625.000 Ton th in Dec 2018 and a record low of 913.000 Ton th in Mar 2007. Russia LUKOIL Crude Oil Purchase: Year to Date: Ton data remains active status in CEIC and is reported by LUKOIL. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBK003: LUKOIL Purchase.

The United States imported 2.37 billion barrels of crude oil from other countries. It was the first time since 2017 that figures had increased. The peak was recorded in 2005, at nearly 3.7 billion barrels.

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.

Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel: Domestic Companies data was reported at 3,035.000 Barrel th in Jun 2016. This records an increase from the previous number of 1,525.000 Barrel th for Mar 2016. Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel: Domestic Companies data is updated quarterly, averaging 2,133.000 Barrel th from Dec 2003 (Median) to Jun 2016, with 51 observations. The data reached an all-time high of 34,436.000 Barrel th in Dec 2003 and a record low of 147.000 Barrel th in Mar 2010. Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel: Domestic Companies data remains active status in CEIC and is reported by LUKOIL. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBK003: LUKOIL Purchase.

View monthly updates and historical trends for Illinois Crude Oil First Purchase Price. Source: Energy Information Administration. Track economic data wit…

Kazakhstan Purchase Price Index: MR: MQ: EM: Crude Oil & Natural Gas data was reported at 109.000 Prev Dec=100 in 2017. This records an increase from the previous number of 104.900 Prev Dec=100 for 2016. Kazakhstan Purchase Price Index: MR: MQ: EM: Crude Oil & Natural Gas data is updated yearly, averaging 108.900 Prev Dec=100 from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 134.700 Prev Dec=100 in 2008 and a record low of 97.000 Prev Dec=100 in 2002. Kazakhstan Purchase Price Index: MR: MQ: EM: Crude Oil & Natural Gas data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.I028: Purchase Price Index: Previous December=100.

Key information about United States Crude Oil: Imports

• United States Crude Oil: Imports was reported at 6,478.000 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 6,281.000 Barrel/Day th for Dec 2022
• US Crude Oil: Imports data is updated yearly, averaging 7,353.500 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 10,126.000 Barrel/Day th in 2005 and a record low of 3,201.000 Barrel/Day th in 1985
• US Crude Oil: Imports 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 Imports

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.

On October 6, 2025, the Brent crude oil price stood at 63.49 U.S. dollars per barrel, compared to 59.49 U.S. dollars for WTI oil and 64.22 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.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 global 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 (where a contract is agreed upon while 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.

China Imports from Russia of Crude Oil was US$62.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on September of 2025.

Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel data was reported at 180,606.000 Barrel th in Jun 2016. This records an increase from the previous number of 89,691.000 Barrel th for Mar 2016. Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel data is updated quarterly, averaging 68,543.000 Barrel th from Dec 2003 (Median) to Jun 2016, with 51 observations. The data reached an all-time high of 320,820.000 Barrel th in Dec 2015 and a record low of 6,692.000 Barrel th in Mar 2007. Russia LUKOIL Crude Oil Purchase: Year to Date: Barrel data remains active status in CEIC and is reported by LUKOIL. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBK003: LUKOIL Purchase.