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.

Brent Crude Oil Prices - Historical chart and current data through 2025.

OECD Global Crude Oil Imports Prices

Regional and Temporal Trends

By OECD [source]

About this dataset

This dataset contains global crude oil import prices from the OECD. It provides important insight into international trading of oil and its related products, enabling users to analyse market trends and compare prices across different countries. This data is essential for understanding the development of different economies, as well as their dependence on crude oil imports. Through analysis of this dataset, users can understand the role that regional and global factors play in impacting global crude oil import prices over time. The dataset includes columns tracking country/region of origin (LOCATION), indicator measured (INDICATOR), subject tracked (SUBJECT), measure taken (MEASURE), frequency interval (FREQUENCY), time period covered (TIME) as well as numerical value and flag codes associated with the data captured in each row. This invaluable source is perfect for researchers looking to take a deep dive into international markets over time or academics studying the complexities surrounding trade in the energy sector!

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How to use the dataset

This dataset is a great resource for anyone looking to analyze the current and historical prices of crude oil imports from the OECD. The data contains prices from member countries of the OECD and is updated regularly. This dataset can be used to study long term trends in price as well as explore differences between countries with different levels of crude oil import demand.

• In order to make use of this dataset, it’s important to familiarize yourself with the column names and descriptions. The first column is LOCATION which indicates which country or region the data applies to. INDICATOR indicates what information is being displayed (e.g., import market share, import value, etc.). SUBJECT describes what category that metric falls into (e.g., fuel energy). MEASURE tells you whether an amount is expressed in a unit or currency while FREQUENCY says how often data has been collected: monthly, quarterly or annually (average monthly/quarterly/annual etc..). TIME displays measure period start date in year-month format and Value denotes numerical value for each row's measurement respectively while flag codes indicate if any values are estimates or outlier measurements that should be examined further before using them

• Using this understanding, one could filter their search by creating filters on these columns accordingly depending on their research topic such as – pulling all records for China for Q4 2019 - then apply sorting on “VALUE” column based on imported measurements have become cheaper during given time frame etc.. Additionally formulas like SUMIFS() can also be used across multiple columns available within this agreement document at same time such as – total Imports Value from India & Japan combined during May 2019 till October 2020 – based upon bringing together Matching condition criteria met across few columns where needed at same time . As such this dataset provides flexible solutions which potentially allow us to explore patterns related either just single country's current trends -or- cross references since global side-by-side evaluation possible here featuring more than just one nation alone too ...........

Research Ideas

• Analyzing the impact of changes in crude oil prices on global economic growth.
• Examining the evolving dynamics of crude oil trade flows between different countries and regions.
• Tracking trends in crude oil import prices across different industries to identify potential opportunities for cost savings and efficiency gains

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

License: Dataset copyright by authors - You are free to: - Share - copy and redistribute the material in any medium or format for any purpose, even commercially. - Adapt - remix, transform, and build upon the material for any purpose, even commercially. - You must: - Give appropriate credit - Provide a link to the license, and indicate if changes were made. - ShareAlike - You must distribute your contributions under the same license as the original. - Keep intact - all notices that refer to this license, including copyright notices.

Columns

File: crude_oil_import_prices.csv | Column name | Description ...

In 2024, China imported crude oil to the value of approximately ***** billion U.S. dollars. This was the third highest value of crude oil imports in the period of consideration.

WTI Crude Oil Prices - Historical chart and current data through 2025.

In September 2025, China imported around ***** billion U.S. dollars worth of crude oil. The annual import value of crude oil in China amounted to around ***** billion U.S. dollars in 2024.

Crude Oil Production in the United States increased to 13844 BBL/D/1K in September from 13800 BBL/D/1K in August of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude_oil_value.csv Description:

The crude_oil_value.csv file contains historical data on the monetary value of crude oil trades over specific periods. This dataset is essential for analyzing market trends, economic impacts, and forecasting future trade values. Each entry represents a recorded trade, detailing the value in terms of currency, along with relevant timestamps and geographic locations.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Value: The monetary value of the trade in USD. Trade_Type: The type of trade (import & export). Currency: The currency used for the trade value.

Crude_oil_volume.csv Description:

The crude_oil_volume.csv file contains data on the volume of crude oil traded over time. This dataset is crucial for understanding the physical quantities of oil being moved in the market, assessing production capabilities, and analyzing supply chain dynamics. Each entry includes details on the volume of crude oil traded, alongside temporal and spatial data.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Volume: The volume of crude oil traded, typically measured in barrels. Trade_Type: The type of trade ( import & export). Volume_Unit: The unit of measurement for the volume (e.g., barrels).

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 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.

Crude Oil Production in Denmark decreased to 65 BBL/D/1K in July from 73 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - Denmark Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View monthly updates and historical trends for Average Crude Oil Spot Price. Source: World Bank. Track economic data with YCharts analytics.

Crude Oil Production in Indonesia increased to 597 BBL/D/1K in July from 585 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - Indonesia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Russia increased to 9813 BBL/D/1K in July from 9783 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - Russia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Crude Oil Production in Thailand increased to 162 BBL/D/1K in July from 158 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - Thailand Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Ecuador Crude Oil Exports: FOB: Value data was reported at 738,710.818 USD th in Sep 2018. This records an increase from the previous number of 724,081.084 USD th for Aug 2018. Ecuador Crude Oil Exports: FOB: Value data is updated monthly, averaging 692,357.686 USD th from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 1,494,127.381 USD th in May 2014 and a record low of 231,147.929 USD th in Feb 2016. Ecuador Crude Oil Exports: FOB: Value data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.RB003: Crude Oil Statistics.

High Frequency Indicator: The dataset contains year- and month-wise compiled data from the year 2011-2 to till date on the volume and value (both in indian rupees and US dollars) of crude oil and petroleum products imports and exports made including the value of net imports (trade balance) made. The types of petroleum products imported and exported include High Speed Diesel (HSD)/Diesel, Lubricating Oil Bluestacks (LOBs)/Lube Oil, Liquified Petroleum Gas (LPG), Motor Spirit (MS)/Petrol, Petcoke/Carbon Black Feed Stock (CBFS), Superior Kerosene Oil (SKO)/Kerosene, etc.

Notes: 1) RIL SEZ imports/exports are included in country's import/export data 2) LNG import are not included in Imports 3) The category others in import includes Paraffin wax, Petroleum Jelly, Aviation Gas, MTBE, Reformate etc. 4) Nepal sales by IOCL, Nepal and Bhutan sales by BPCL are considered in total exports with average Rupee-US$ exchange rate 5) RIL SEZ's Motor Spirit export includes export of Alkylates 6) ATF exports by RIL does not include ATF sales to foreign going airlines 7) The category others in export include Benzene, Hexane, MTO, Sulphur, etc.

This Dataset contains year-wise import cum export value and volume of crude oil and petroleum products Note: 1) RIL SEZ imports/exports included in country's import/export data 2) LNG import not included in Imports 3) Others in import include Paraffin wax, Petroleum Jelly, Aviation Gas, MTBE, Reformate etc. 4) Nepal sales by IOCL, Nepal and Bhutan sales by BPCL are considered in total exports with average Rupee-US$ exchange rate 5) RIL SEZ's Motor Spirit export includes export of Alkylates 6) ATF exports by RIL does not include ATF sales to foreign going airlines 7) Others in export include Benzene, Hexane, MTO, Sulphur etc.

High Frequency Indicator: The dataset contains year- and month-wise historically compiled data from the year 2000-01 to till date on International Free On Board (FOB) price of crude oil (indian basket)

Notes: 1. The FOB (Free On Board) price is the price of goods at the frontier of the exporting country or price of a service provided to a non-resident. It includes the values of the goods or services at the basic price, the transport and distribution services up to the frontier, the taxes minus the subsidies 2. The composition of Indian Basket of Crude oil represents Average of Oman & Dubai for sour grades and Brent (Dated) for sweet grade. The ratio of crude oil for this purpose is taken based on actual sour and sweet grade crude oil processed in the country in the previous financial year
3. Crude oil with high amount of sulphur is termed as sour and with less sulphur is called the sweet grade