Provides annual, quarterly, and monthly prices back to 1976 for gasoline , heating oil, and diesel fuel. Also provides annual prices from 1968 and quarterly and monthly prices from 1974 for imported crude oil. Based on Form EIA-878 data.

This dataset contains Oil price short term forecast, including STEO and historical from 2016-2022. Data from U.S. Energy Information Administration. Follow datasource.kapsarc.org for timely data to advance energy economics research.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, 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 December of 2025.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% compared to the same time last year, 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 December of 2025.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine 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 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.

This API provides data back to 1990 and projections annually, monthly, and quarterly for 18 months. Summarizes the outlook for U.S. petroleum and other liquids supply, consumption, inventories, refining, and prices. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

The U.S. Energy Information Administration (EIA) provides forecasts for crude oil production, imports, exports, and prices through its monthly Short-Term Energy Outlook (STEO) and Annual Energy Outlook (AEO) reports. This article explains how the EIA's crude oil forecast is based on a comprehensive analysis of various factors and serves as an essential tool for market participants, industry professionals, policymakers, and investors. It also highlights the key elements of the EIA's forecast, inclu

While major energy institutions IEA, OPEC, and EIA used to have little differences in their long-term growth projections for the oil market, their demand outlooks have become more divergent in recent years. In its 2024 outlook, OPEC expected global oil demand to increase to more than 113 million barrels per day by 2030. In comparison, the IEA's stated policies scenario (STEPS) from 2024 sees oil demand coming to merely 101.7 million barrels per day by 2030. A figure that was similar to the EIA's latest outlook.

Heating Oil rose to 2.35 USD/Gal on December 2, 2025, up 0.21% from the previous day. Over the past month, Heating Oil's price has fallen 2.25%, but it is still 6.31% higher than a year ago, 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 December of 2025.

OECD Americas is the region with the greatest oil demand, followed by China. In 2023, daily oil demand in the OECD Americas amounted to 25 million barrels. This figure is set to decrease to 21.5 million barrels by 2050, although it would remain the largest oil consuming region. India is forecast to see the greatest growth in daily oil demand, with figures expected to double by 2050.

The Short-Term Energy Outlook (STEO) dataset is a report released by the U.S. Energy Information Administration (EIA). It provides near-term forecasts and analysis of energy market trends in the United States.

The dataset covers various aspects of the energy sector, including

• Crude Oil and Liquid Fuels: Information on crude oil production, imports, and prices. It also includes forecasts for gasoline and diesel fuel prices.
• Natural Gas: Data on natural gas production, consumption, prices, and storage levels.
• Electricity: Forecasts for electricity generation, consumption, and prices, as well as information on capacity and fuel sources.
• Renewable Energy: Coverage of renewable energy sources, such as wind, solar, and hydroelectric power, including forecasts for their contribution to overall energy production.
• Carbon Dioxide Emissions: Analysis of trends in carbon dioxide emissions related to energy consumption.
• International Energy Trends: Information on global energy markets, including oil prices, production, and consumption.

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Acknowledgement

U.S. Energy Information Administration

Monthly and long-term wti crude oil price data (US$/bbl): historical series and analyst forecasts curated by FocusEconomics.

This dataset contains oil demand, supply, stocks outlook from 2016-2022. Data from U.S. Energy Information Administration. Follow datasource.kapsarc.org for timely data to advance energy economics research. Price outlook dataset link: EIA - Oil Price Short Term Forecast

Monthly and long-term brent crude oil price data (US$/bbl): historical series and analyst forecasts curated by FocusEconomics.

Stocks of crude oil in the United States increased by 2.77million barrels in the week ending November 21 of 2025. This dataset provides the latest reported value for - United States Crude Oil Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Monthly and long-term palm oil price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

The IEA is the energy institute expecting the highest oil surplus for 2025. As demand outlooks remain modest, robust production output throughout 2024 is expected to result in some form of oil surplus, which would also impact oil prices. Woodmac was the only energy institute surveyed that did not see a surplus for the year. Production growth amid lower demand expectations The expected surplus in 2025 is largely attributed to non-OPEC production growth from major producers such as the United States and newcomers like Guyana. Overall, worldwide liquid fuels production could see a steep increase in the first half of 2025, if producers like OPEC stick to their output plans. This would come in spite of modest consumption expectations. Again, the IEA is the institute predicting the lowest growth in global oil demand when compared to other industry bodies such as the EIA and OPEC. Forecasting centers diverge in opinion on oil future Not only near-term, also long-term oil demand projections have become increasingly divergent among major energy institutions. OPEC's 2024 outlook expects global oil demand to surpass *** million barrels per day by 2030, while the IEA's stated policies scenario anticipates demand reaching only ***** million barrels per day in the same year. Diesel and gasoil currently account for the largest share of oil product demand at ***** percent, though this is expected to decrease slightly by 2050. Jet fuel and kerosene are projected to see the greatest increase in demand shares over the coming decades.

As of the third quarter of 2025, oil prices in the United Kingdom stood at 68.1 dollars per barrel, with prices expected to fall to 65 dollars a barrel in the fourth quarter of the year.

Find out how crude oil prices in the last month have been affected by global economic uncertainty, geopolitical tensions, and changes in supply and demand dynamics. Despite some short-term upswings, the overall trend has been downward, with a decline of about 23% from around $43 to $56 per barrel.

The global unleaded gasoline market is a significant sector within the energy industry, exhibiting robust growth potential. While precise market size figures for 2025 are not provided, considering typical market sizes for similar energy commodities and applying a reasonable CAGR (let's assume a CAGR of 3% based on industry trends for the period 2019-2024), a 2025 market size of approximately $750 billion USD is plausible. This projection is based on an estimation and should be verified with updated market research data. The market's growth is primarily driven by the continued reliance on gasoline-powered vehicles, particularly in developing economies experiencing rapid motorization. Increasing urbanization and expanding middle classes in these regions are fueling demand for personal transportation, thus driving up unleaded gasoline consumption. However, the shift towards electric vehicles (EVs) and stricter environmental regulations present significant restraints on long-term growth. Government initiatives promoting renewable energy sources and improved fuel efficiency standards are also factors impacting market dynamics. The market is segmented by gasoline type (regular, special) and application (automobile, motorcycle, others). Major players like Saudi Aramco, ExxonMobil, and Sinopec dominate the global production and distribution landscape, but emerging market producers are also gaining traction. The forecast period (2025-2033) will likely see a complex interplay between these factors. While the short-term outlook remains positive, driven by existing infrastructure and established consumption patterns, the long-term trajectory will significantly depend on the pace of EV adoption and the effectiveness of governmental policies aimed at reducing carbon emissions. Regional variations are expected, with mature markets in North America and Europe potentially exhibiting slower growth compared to rapidly developing economies in Asia-Pacific and parts of Africa. Continued geopolitical instability and fluctuations in crude oil prices will further influence the market's overall trajectory. The CAGR for the forecast period (2025-2033) might show a gradual decline, potentially settling around 2-2.5% due to the aforementioned restraints. A more precise CAGR can only be determined by utilizing the complete market research data containing accurate values for the study period. This report provides a detailed analysis of the global unleaded gasoline market, examining production volumes exceeding 90 million barrels per day, consumption patterns, key players, and future growth prospects. The analysis incorporates data from major oil-producing and consuming nations, offering insights into regional variations and market dynamics. This report is essential for industry stakeholders, investors, and policymakers seeking a comprehensive understanding of this critical energy sector.