Brent crude oil is projected to have an average annual spot price of 65.85 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of nearly 15 U.S. dollars compared to the previous year, and also reflects a reduced forecast WTI crude oil price. Lower economic activity, an increase in OPEC+ production output, and uncertainty over trade tariffs all impacted price forecasting. All about Brent Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the North Sea's Brent oilfield. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content and light refers to a relatively low density when compared to other crude oil benchmarks. Price development in the 2020s Oil prices are volatile, impacted by consumer demand and discoveries of new oilfields, new extraction methods such as fracking, and production caps routinely placed by OPEC on its member states. The price for Brent crude oil stood at an average of just 42 U.S. dollars in 2020, when the coronavirus pandemic resulted in a sudden demand drop. Two years later, sanctions on Russian energy imports, had pushed up prices to a new decade-high, above 100 U.S. dollars per barrel.

Brent rose to 67.30 USD/Bbl on August 7, 2025, up 0.61% from the previous day. Over the past month, Brent's price has fallen 4.06%, and is down 14.98% 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 August of 2025.

United Kingdom BOE Forecast: Brent Crude Oil Price data was reported at 71.000 USD/Barrel in 2021. This records a decrease from the previous number of 74.000 USD/Barrel for 2020. United Kingdom BOE Forecast: Brent Crude Oil Price data is updated yearly, averaging 72.500 USD/Barrel from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 81.000 USD/Barrel in 2018 and a record low of 43.000 USD/Barrel in 2015. United Kingdom BOE Forecast: Brent Crude Oil Price data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.P009: Crude Oil and Gas Prices: Forecast.

Crude Oil fell to 64.33 USD/Bbl on August 7, 2025, down 0.03% from the previous day. Over the past month, Crude Oil's price has fallen 5.86%, and is down 15.57% 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 August of 2025.

This statistic displays a global forecast on oil prices by quarter in 2015, for UK Brent and West Texas Intermediate (WTI). In the first quarter of 2015, Brent oil prices is predicted to reach ** U.S. dollars per barrel.

UK oil and gas production has diminished over the past decade because old oil fields have matured while developing new commercially viable sources has become increasingly challenging. To combat this, extractors have pooled their resources and formed partnerships to enhance efficiency, while some have benefitted from previous investments in fields coming onstream. Oil and gas extracting companies also reaped the rewards of an upsurge in global prices through 2022-23, leading to sharp revenue growth. However, this quickly turned around in 2023-24, with most major companies’ revenue nosediving along with oil prices, as growing global oil and gas from America flooded the market, slightly outpacing demand. Revenue is expected to expand at a compound annual rate of 3.4% over the five years through 2024-25 to just over £33 billion. This includes a forecast hike of 5.3% in 2024-25; however, profit is slated to inch downward over the year as global oil and gas prices remain somewhat flat in the second half of 2024-25. Global oil and gas prices greatly affect the industry's performance, with the Organisation of the Petroleum Exporting Countries (OPEC) putting supply cuts in place and global tensions resulting in price peaks and troughs. In October 2022, OPEC instituted a supply cut of two million barrels of crude oil per day, driving Brent Crude Oil prices up to US$110 (£87.80) per barrel, which has been extended until March 2025, with a ramping up period through September 2025. This is set to keep oil prices stable by limiting global oil supplies in the face of growing production in non-OPEC countries. The sanctions on Russian oil and gas imports because of the Russia-Ukraine conflict add further impetus to prices. The EU has banned imports of Russian-made oil and gas, providing opportunities for UK exporters. Crude oil prices remain high, but significant oil production from non-OPEC countries threatening a glut in the oil market and a significant dip in global demand (especially from China) has made oil prices plummet since July 2024. Despite mounting tensions in the Middle East having the potential to cut oil supply from the region, the ongoing political tensions have yet to significantly impact global prices, with prices hiking up around 10% in the month to October 2024 but remaining relatively low. Oil and gas prices are likely to continue inching downwards in the coming years as the US is forecast to continue ramping up the global oil and gas supply. This, along with an expected drop in global demand for oil and gas in the long term, will limit growth. The UK government will implement policies to create a more favourable environment for extractors and further investment in the North Sea to improve UK energy security. However, the depletion of natural resources, the expensive cost of extraction, low gas and oil prices and the global energy transition will threaten the industry's long-term viability. The government announced a delay to the ban on the sale of new petrol and diesel cars, along with the relaxation of some net-zero policies in September 2023, which should keep fossil fuel explorers afloat for longer. Revenue is forecast to climb at a compound annual rate of 3.4% over the five years through 2029-30 to just over £39 billion.

Petroleum refining companies in the UK produce a wide variety of products. Fuels for transport and heating are the most common, with petroleum products for transport accounting for almost three-quarters of product demand. Industry revenue is expected to swell at a compound annual rate of 2.6% over the five years through 2024-25 to £50.7 billion, including a forecast dip of 0.2% in 2024-25, owing to staggering volatility in oil prices in recent years. The COVID-19 pandemic took its toll on the industry. Global border and travel restrictions dented both demand for fuel and fuel prices, weighing on revenue and profitability for refiners. However, this trend was quickly reversed following Russia's invasion of Ukraine in February 2022. This led to the UK and other major economies announcing they would wean themselves off Russian oil, leading to a sharp spike in oil prices over 2022-23 and, to a lesser degree, 2023-24. Strong oil price inflation translated into higher value sales for refined oil companies, paving the way for a strong recovery. A number of petroleum refiners have altered their production to focus on diesel as the new primary fuel. Both petrol and diesel face rising competition from alternatively fuelled vehicles due to their reduced emissions, lowering demand for oil-derived fuels. Industry revenue is forecast to climb at a compound annual rate of 6.1% over the five years through 2029-30 to £68.4 billion. Demand for petrol and diesel-fuelled vehicles is set to fall due to government initiatives designed to reduce emissions, including the extension of Clean Air Zones and the banning of new petrol and diesel cars by 2030. Demand for pure electric vehicles will continue to climb, presenting a significant threat to fuel demand in the long term.

United Kingdom Crude Oil Production: Offshore Field: Brent data was reported at 7.822 Ton th in 2017. This records a decrease from the previous number of 18.296 Ton th for 2016. United Kingdom Crude Oil Production: Offshore Field: Brent data is updated yearly, averaging 3,653.874 Ton th from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 20,161.610 Ton th in 1984 and a record low of 7.822 Ton th in 2017. United Kingdom Crude Oil Production: Offshore Field: Brent data remains active status in CEIC and is reported by Oil & Gas Authority. The data is categorized under Global Database’s UK – Table UK.RB028: Petroleum: Production: By Offshore Field.

Fuel, chemical and metal agents contend with highly volatile global commodity prices and industrial production and construction output fluctuations. The COVID-19 outbreak severely pressured global economic growth causing production levels to tumble and stymieing oil demand. Oil prices collapsed and fell into negative territory for the first time, with producers paying clients to take the surplus off their hands. Record-low oil prices had a substantial contractionary effect on revenue as most agents work off a commission basis. China's steel production was curbed by strict social distancing measures, lagging behind global steel demand, forcing the prices of some steel products to quadruple between September 2021 and September 2020. Steel prices dropped in 2022 as spiralling inflation and strict lockdowns in China ignited demand uncertainty, hitting steel-related commissions. Over the five years through 2024-25, agents' revenue is forecast to contract at a compound annual rate of 9% to £74.1 billion. As crude oil is the primary input in petroleum, chemicals and fertilisers, the Russia-Ukraine conflict sparked surges in the prices of related products. In 2022, the price of Brent crude oil reached its highest level since 2014, helping drive revenue growth and profit in 2022-23. As supply concerns continue in 2024-25 for steel and crude oil, revenue is expected to grow by 21.8%. Looking forward, the transition to a net zero carbon emission economy will shift the focus of many downstream buyers away from fossil fuels and petroleum-based products and towards renewable energy sources. The Agricultural Bill passed in 2020 and detailed the phasing out of direct farmer subsidies by 2024. Subsidies will fall from £2.4 billion to £900 million over this period, with delinked payments replacing them, disincentivising crop production and fertiliser use. Green policies like banning new petrol and diesel car sales by 2030 will cut fossil-fuel-related sales and boost the sale of battery metals like lithium used in electric vehicles. Industry-wide revenue is forecast to grow at a compound annual rate of 18% to reach £169.6 billion over the five years through 2029-30.

Natural gas fell to 3 USD/MMBtu on August 8, 2025, down 2.33% from the previous day. Over the past month, Natural gas's price has fallen 6.80%, but it is still 39.78% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on August of 2025.

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Acrylic Acid Market Size 2024-2028

The acrylic acid market size is forecast to increase by USD 3.13 billion at a CAGR of 4.5% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increased demand for acrylic acid derivatives in surface coating applications. This trend is expected to continue as the demand for high-performance coatings continues to rise in various industries, including automotive, construction, and consumer goods. Another key driver for the market is the increasing preference for bio-based acrylic acid derivatives, which offer sustainability advantages and align with the global shift towards eco-friendly products. However, the market faces challenges, most notably the price fluctuation of Brent crude oil. Acrylic acid is derived from crude oil, making its price sensitive to changes in the oil market. Price volatility can significantly impact the production costs of acrylic acid and its derivatives, potentially affecting the profitability of manufacturers and the affordability of end-users. Companies in the market must closely monitor oil prices and explore alternative feedstocks or production methods to mitigate this risk and maintain competitiveness.

What will be the Size of the Acrylic Acid Market during the forecast period?

Request Free SampleThe market continues to evolve, driven by the diverse applications of acrylic derivatives across various sectors. Acrylic resins, derived from acrylic acid through processes such as suspension polymerization and emulsion polymerization, find extensive use in water-based coatings, adhesives, and sealants. In the personal care industry, acrylic emulsions are utilized in the production of cosmetics and skincare products. Acrylic fibers, a key application of acrylic polymers, exhibit robust demand due to their versatility and durability. The ongoing shift towards green chemistry and sustainable production in the acrylic acid industry is driving the development of bio-based acrylic acid and acrylic derivatives from renewable sources. Acrylic acid and its derivatives are also integral to the production of superabsorbent polymers, which find extensive use in water treatment and the agricultural industry. Acrylic esters, another derivative, are employed in the synthesis of solvent-based coatings and in the production of synthetic rubber. The market is characterized by continuous innovation, with ongoing research and development efforts focused on improving the efficiency and sustainability of production processes. Acrylic polymers, including acrylic latexes and polyacrylic acid, are increasingly being used in the production of biodegradable polymers and sustainable materials. Acrylic paints, a popular application of acrylic polymers, offer excellent color retention and durability. The paper industry utilizes acrylic polymers in the production of coated papers, while the demand for acrylic coatings remains strong in the construction industry. In summary, the market is a dynamic and evolving landscape, with ongoing research and development efforts driving innovation and growth across various applications. Acrylic derivatives continue to find extensive use in a wide range of industries, from coatings and adhesives to personal care and agriculture. The market is characterized by a focus on sustainability and efficiency, with ongoing efforts to develop bio-based and renewable sources of acrylic acid and its derivatives.

How is this Acrylic Acid Industry segmented?

The acrylic acid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationAcrylic estersSuperabsorbent polymersSynthetic detergentsOthersDerivative TypeAcrylic Esters (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethylhexyl Acrylate)Superabsorbent Polymers (SAP)Other DerivativesGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Application Insights

The acrylic esters segment is estimated to witness significant growth during the forecast period.In the dynamic the market, acrylic esters hold the largest share due to their extensive applications in various industries. Acrylic esters are formed through the esterification process, which combines an alcohol, such as methyl or ethyl, with acrylic acid. Notable acrylic ester types include methyl acrylate, ethyl acrylate, butyl acrylate, and ethyl hexyl acrylate. Acrylic acid is a crucial raw material in the production of these esters. Acrylic esters are versatile derivatives of acrylic acid, widely used in the manufacturing of paints, adhesives, acrylic rubbers, and acrylic fibers. Additionally, they are employed in the production of dyes, text

TTF Gas fell to 32.16 EUR/MWh on August 8, 2025, down 2.54% from the previous day. Over the past month, TTF Gas's price has fallen 6.24%, and is down 19.70% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on August of 2025.