Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, 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 March of 2025.

Globally, around two billion metric tons of crude oil was transported by sea in 2024. This was still lower than the volumes reported pre-pandemic, while global oil production increased slightly over this period. Oil in the global economy and main importers Oil is the fuel that keeps the global economy running as the hydrocarbon is heavily utilized for fuel and chemical production. Worldwide production of crude oil rose from about 73 million barrels in 1998 to about 96 million barrels in 2024. While accounting for less than 10 percent of global oil production, the Asia-Pacific region is the largest consumer of oil; over a third of worldwide oil consumption is concentrated here. Oil tankers in the global merchant fleet Where pipeline infrastructure between trading partners is limited, large oil volumes have to be transported by land or sea. The key passages for seaborne oil trade include the routes from Panama to China, from the Strait of Hormuz to Japan and from West Africa to India. Among the main tanker builders are companies such as the General Dynamics-owned NASSCO. Crude oil tankers were the third most important vessel type in the global merchant fleet.

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, 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 March of 2025.

In 2024, the United Kingdom had a crude oil trading deficit of over 25 billion British pounds after it exported around 27 billion pounds worth of oil, and imported around 52 billion pounds.

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

Trading oil futures online offers convenience, leverage, and real-time data for making informed trading decisions. However, it comes with risks due to the volatility of oil prices. Learn about the benefits and precautions of trading oil futures online.

Crude oil trading price refers to the value at which crude oil is bought and sold in financial markets. Factors affecting crude oil prices include supply and demand, OPEC policies, geopolitical events, economic indicators, and market speculation. Crude oil is primarily traded on the NYMEX and ICE exchanges. Changes in crude oil prices impact consumers, producers, investors, and the global economy. Understanding these factors is crucial for analyzing and predicting crude oil price movements.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.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.

† Less than 0.05. ‡ Less than 0.5.

Notes: Bunkers are not included as exports. Intra-area movements (for example, between countries in Europe) are excluded.

Crude imports and exports include condensates.

Note: 2018 records have been updated.

Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, 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 March of 2025.

Urals Oil decreased 3.02 USD/Bbl or 4.41% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Learn about Brent crude oil trading, the process of buying and selling Brent crude oil futures contracts on various commodity exchanges. Discover how traders can participate in this highly liquid market and manage their exposure to oil price fluctuations.

180067 Global import shipment records of Crude Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2023, the United Kingdom imported roughly 42 million metric tons of crude oil and natural gas liquids compared with an export of 25.4 million metric tons. The UK has been a net importer of this product for most years shown. Norway is the leading supplier of crude oil in the UK.

1038 Global import shipment records of Crude Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

This dataset contains International Trade of Conventional Crude Oil ( Principal importers/exporters) 2014-2018. Data from United Nations Statistics Division. Follow datasource.kapsarc.org for timely data to advance energy economics research.

East and South Africa were the main source of crude oil exports from the African continent as of 2023. Some 158.6 million metric tons of crude oil were exported to the world with origin in the westernmost region of the continent. In its turn, exports of oil products were in higher quantities in North African countries, reaching 63.3 million metric tons. Besides, oil products were imported in large quantities across all African regions. The import volume reached 46.7 million metric tons in East and Southern Africa, 35.1 million metric tons in West Africa, and 23.5 million metric tons in North Africa.

WTI Crude Oil, also known as West Texas Intermediate Crude Oil, is a benchmark for pricing other types of oil and is one of the most actively traded commodities in the world. Learn about the production, trading methods, and risks involved in WTI Crude Oil trading.

Ghana Crude Oil Import data was reported at 233.200 Metric Ton th in 2017. This records a decrease from the previous number of 1,445.600 Metric Ton th for 2016. Ghana Crude Oil Import data is updated yearly, averaging 1,302.300 Metric Ton th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 2,053.700 Metric Ton th in 2007 and a record low of 233.200 Metric Ton th in 2017. Ghana Crude Oil Import data remains active status in CEIC and is reported by Energy Commission. The data is categorized under Global Database’s Ghana – Table GH.RB011: Crude Oil Trade.

Trading oil stocks can be a lucrative investment strategy for those who closely monitor market conditions, conduct thorough research, and implement effective risk management techniques. Learn about the potential profits, dividend income, and various ways to trade oil stocks. Discover the importance of considering overall market conditions and specific factors affecting the oil industry. Explore risk management strategies and the need for thorough research and analysis when trading oil stocks.