API Crude Oil Stock Change in the United States decreased to -4.60 BBL/1Million in March 21 from 4.59 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Stocks of crude oil in the United States increased by 1.75million barrels in the week ending March 14 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.

This dataset provides values for API CRUDE OIL STOCK CHANGE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

API Gasoline Stocks in the United States decreased to 0.58 BBL/1Million in January 26 from 7.18 BBL/1Million in the previous week. This dataset provides - United States Api Gasoline Stocks- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 73.64 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which stood at 73.64 U.S. dollars per barrel. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

API Cushing Number in the United States increased to 1.83 BBL/1Million in February 23 from 0.67 BBL/1Million in the previous week. This dataset provides - United States Api Cushing Number- actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to Cognitive Market Research, the global Automotive Engine Oil market size is projected to reach USD XX million by 2024 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global Automotive Engine Oil market is anticipated to grow significantly, with a projected CAGR of XX% between 2024 and 2031.
North America held the major market share of more than XX% with a market size of USD XX million in 2024 and will grow at a CAGR of XX% from 2024 to 2031, driven by the stringent emission norms and high vehicle production rates.
The passenger cars segment held the highest Automotive Engine Oil market revenue share in 2024, attributed to the increasing passenger car sales and the rising demand for advanced lubricants for better engine performance and efficiency.

Market Dynamics - Key Drivers of the Automotive Engine Oil Market

Increasing Vehicle Production and Sales to Fuel Market Growth of the Automotive Engine Oil Market

The Automotive Engine Oil market is experiencing significant growth, driven by the increasing production and sales of vehicles globally. The rising automotive manufacturing, particularly in emerging economies, necessitates high-quality engine oils to ensure optimal vehicle performance and engine longevity. The relationship between the two industries is summed by the following statement by the Natural Resources Defence Council, “If automakers had not increased incentives for fuel-inefficient SUVs and pickups, the shift would have been more pronounced.”

For instance, the International Organization of Motor Vehicle Manufacturers (OICA) in their "World Motor Vehicle Production" report highlights a steady increase in global vehicle production, emphasizing the critical role of automotive lubricants in the industry. This trend underlines the growing demand for engine oils, contributing to the expansion of the market.

Technological Advancements in Engine Oil Formulations Enhancing Market Prospects of the Automotive Engine Oil Market

Advancements in engine oil technology, such as the development of synthetic and semi-synthetic oils, offer superior performance characteristics, including enhanced engine protection, improved fuel efficiency, and extended oil change intervals. These innovations cater to the evolving requirements of modern engines, thereby bolstering market growth.

A study by the American Petroleum Institute (API) on "Motor Oil Standards" underscores the importance of continuous innovation in lubricant formulations to meet the stringent performance and environmental standards, supporting the market's upward trajectory.

Market Dynamics - Key Restraints of the Automotive Engine Oil Market

Stringent Environmental Regulations Posing Challenges to the Automotive Engine Oil Market

Stringent environmental regulations regarding emissions and fuel economy standards pose challenges to the Automotive Engine Oil market. The shift towards electric vehicles (EVs) and the emphasis on reducing carbon footprint compel oil manufacturers to adapt their products to align with sustainable practices, potentially restricting market growth.

The U.S. Environmental Protection Agency (EPA) in their "Vehicle Emissions Standards" report outlines the regulatory framework aimed at reducing vehicular emissions, highlighting the impact of these regulations on the automotive lubricants sector and necessitating innovations to comply with environmental standards.

Impact of COVID-19 on the Automotive Engine Oil Market

The COVID-19 pandemic initially disrupted the Automotive Engine Oil market due to supply chain interruptions, manufacturing halts, and reduced vehicle usage during lockdowns. However, the market is showing signs of recovery as the automotive sector adapts to the new normal with an accelerated shift towards online sales channels and contactless services.

The International Energy Agency (IEA) in their "Global Energy Review" discusses the impact of the pandemic on the automotive and oil industries, noting the resilience and adaptability of the market in response to unprecedented challenges. The report suggests a gradual recovery, fuelled by the resurgence in vehicle sales and the adoption of digital platforms for automotive services. Introduction of the Automotive Engine Oil Market

Automotive Engine Oil is crucial for the optimal functioning of vehicle engines, offering ...

Stocks of gasoline in the United States decreased by1446 thousand barrels in the week ending March 21 of 2025. This dataset provides the latest reported value for - United States Gasoline Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

現在の値は、過去のデータ、予測、統計、チャートや経済カレンダー - 米国 - API原油在庫の変更. 2012-2022 データ | 2023-2024 予測.