Crude Oil fell to 65.98 USD/Bbl on June 24, 2025, down 3.70% from the previous day. Over the past month, Crude Oil's price has risen 8.36%, but it is still 18.37% lower than a year ago, 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 June of 2025.

Wholesale price for crude oil in the United Kingdom is projected to rise from 57 to 90 U.S. dollars per barrel between 2020 and 2035, respectively. Figures are expected to remain at 90 U.S. dollars per barrel in 2040.

A comparative table of weekly UK wholesale market prices across key energy commodities, including gas, electricity, coal, EUA carbon, UKA carbon, and Brent crude oil. The table includes current, previous, and year-on-year values for both day-ahead and year-ahead contracts, as well as 12-month highs and lows.

On June 23, 2025, the Brent crude oil price stood at 70.98 U.S. dollars per barrel, compared to 68.51 U.S. dollars for WTI oil and 76.19 U.S. dollars for the OPEC basket. OPEC prices rose that week following expected supply constraints related to the Israel-Iran conflict.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.

Russia Wholesale Price: Natural Gas: Industry data was reported at 3,506.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 3,049.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Industry data is updated yearly, averaging 2,665.000 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 3,506.000 RUB/1000 Cub m in 2013 and a record low of 1,690.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Industry data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

Heating Oil fell to 2.27 USD/Gal on June 24, 2025, down 0.28% from the previous day. Over the past month, Heating Oil's price has risen 8.56%, but it is still 9.44% lower 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 June of 2025.

Bangladesh Average Wholesale Prices: DH: Mustard Oil data was reported at 22,580.000 BDT/Quintal in Oct 2024. This records a decrease from the previous number of 22,600.000 BDT/Quintal for Sep 2024. Bangladesh Average Wholesale Prices: DH: Mustard Oil data is updated monthly, averaging 13,800.000 BDT/Quintal from Sep 1995 (Median) to Oct 2024, with 330 observations. The data reached an all-time high of 30,800.000 BDT/Quintal in Jun 2022 and a record low of 4,300.000 BDT/Quintal in Apr 2002. Bangladesh Average Wholesale Prices: DH: Mustard Oil data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics. The data is categorized under Global Database’s Bangladesh – Table BD.P001: Average Wholesale Prices.

UK Gas fell to 82.29 GBp/thm on June 24, 2025, down 14.02% from the previous day. Over the past month, UK Gas's price has fallen 6.98%, but it is still 1.85% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on June of 2025.

China Agricultural Product Price: Wholesale: Edible Oil: Peanut Oil data was reported at 25.410 RMB/kg in 01 May 2020. This records an increase from the previous number of 25.310 RMB/kg for 24 Apr 2020. China Agricultural Product Price: Wholesale: Edible Oil: Peanut Oil data is updated daily, averaging 24.920 RMB/kg from Sep 2016 (Median) to 01 May 2020, with 189 observations. The data reached an all-time high of 25.410 RMB/kg in 01 May 2020 and a record low of 24.510 RMB/kg in 03 Nov 2017. China Agricultural Product Price: Wholesale: Edible Oil: Peanut Oil data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under China Premium Database’s Price – Table CN.PA: Ministry of Commerce: Wholesale Price: Agricultural Product: Weekly.

The Wholesale Price Index of edible oils across India during financial year 2024 was 145. An overall increase in the price index was seen over the years from financial year 2013 till 2022 in the country. Edible oils refers to vegetable and animal oils and fats.

Natural gas fell to 3.61 USD/MMBtu on June 24, 2025, down 1.84% from the previous day. Over the past month, Natural gas's price has fallen 3.55%, but it is still 26.13% 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 June of 2025.

Companies in the Gasoline and Petroleum Bulk Stations industry manage bulk storage tanks and terminals for crude oil and petroleum products including gasoline, diesel fuel, fuel oil and liquid petroleum gases (LPGs). These bulk stations are often located near major refineries, ports and industrial centers to quickly and efficiently receive product and unload it to customers, playing an important role in the crude oil and petroleum products supply chain. Operators can be as large as a multitank facility with the capacity to store millions of gallons of product or as small as a single-tank outpost that supplies gasoline to only a handful of retail gas stations. The industry's performance is closely linked to the supply and demand for petroleum and petroleum products. This has caused industry revenue to be volatile in recent years, as collapsing oil prices caused a sharp drop in the prices of industry products amid the pandemic in 2020. The industry recovered in 2021 and 2022 as the world price of crude oil skyrocketed as demand rose coming out of the pandemic while supply was low, in part thanks to the war in Ukraine. Industry revenue has increased at a CAGR of 1.5% to $732.3 billion over the past five years, including a decline of 0.8% in 2024 alone as oil prices have stabilized. Moving forward, industry revenue is set to fall as oil prices decline. This will be tempered by economic growth. The volume of oil and petroleum products supplied by downstream markets is forecast to expand, which will lead to significant investment in distribution infrastructure. This will expand the markets that bulk station operators are able to serve and stimulate downstream demand. However, industry revenue is set to decrease at a CAGR of 1.4% to $681.3 billion over the next five years.

Interactive chart illustrating the history of Henry Hub natural gas prices. The prices shown are in U.S. dollars.

The Gasoline and Petroleum Wholesaling industry has endured a slight revenue drop over the past five years. Profit has also taken a hit, mainly because of increasing purchase fees. Validating its central role in the national economy, the industry has remained a crucial intermediary between oil refiners and final consumers. Despite challenges, the sector is resilient and adaptable to shifting market conditions. The industry also remains vital for fueling transportation, heating and various industrial operations. Its performance is closely watched as an indicator of broader economic health. Industry revenue inched downwards at a CAGR of 0.8% over the past five years and is expected to total $644.4 billion in 2024, when revenue will jump by an estimated 1.5%. Rising costs and market volatility have driven the decline in profit. Companies have had to navigate a shifting landscape with fluctuating oil prices and expanding energy policies. Despite these hurdles, the industry has maintained a stable customer base owing to the essential nature of its products and services. Gasoline and petroleum remain indispensable goods for consumers and businesses alike. Still, external competition from alternative energy sources has also posed a challenge. The next five years present a more optimistic outlook for the industry. Companies will adapt to new technologies and more efficient delivery methods, which can help reduce costs. Regulatory changes may also benefit the industry by creating a more favorable business environment. Long-term investments in infrastructure and supply chain improvements will play a significant role in bolstering profitability. The continued development of the energy sector will also bring about new opportunities. Expansion into renewable energy offerings could help diversify revenue streams. Industry revenue is expected to crawl upward at a CAGR of 0.6% to $662.3 billion over the five years to 2029.

The petroleum products wholesale sector is struggling with the long-term trend of moving away from an economy based heavily on petroleum products. However, the coronavirus crisis and the war in Ukraine have caused upheavals of a different kind over the past five years. The massive drop in the global market price for crude oil and falling demand for industry products initially caused industry turnover to shrink in 2020. Demand rose again in 2021 and 2022. The renewed decline in sales volumes in 2023 was due in particular to the enormous increase in the price of crude oil in 2022 as a result of the war in Ukraine, which wholesalers had to pass on to their customers and which reduced demand. Wholesale sales of petroleum products have fallen by an average of 0.8% per year since 2019. The price of crude oil is expected to rise again slightly in 2024. IBISWorld expects turnover to increase by 4.9% to 166.8 billion euros in the current year.The biggest challenge for the industry in the medium to long term, however, is society's growing environmental awareness, primarily due to climate change, accompanied by stricter regulatory measures from the federal government. The number of oil heating systems in Germany is trending downwards and modern heating systems that utilise alternative energies are increasingly being installed in new buildings. This is reducing the demand for heating oil. At the same time, the demand for oil as a fuel is also decreasing due to the ban on fossil combustion engines from 2035, the promotion of electric vehicles and the expansion of the charging infrastructure.For the next five years, IBISWorld is forecasting an average annual decline in industry turnover of 3%, mainly due to the expected fall in the price of crude oil, which is expected to amount to 143.3 billion euros in 2029. The weak development of production volumes is likely to further dampen the industry's demand for sector products in the coming years. In addition, the transformation towards electromobility is expected to continue and deprive the industry of sales potential. As a result, the number of industry players and employees is also likely to fall by 2029.

Gas and petroleum wholesaling prices are tied to global crude oil prices, which can cause significant volatility for companies. Crude oil prices rose sharply prior to the start of the period amid rising global economic activity and increasing demand, which translated to strong revenue growth. In 2020, the world price of crude oil plunged as lockdowns and economic uncertainty reduced downstream demand for oil and gas products. However, large increases in oil prices during 2021 and 2022 contributed to solid industry revenue growth as the economy boomed. In response to high inflation and rising interest rates, a cooling economy is expected to have weakened revenue growth in recent years. Industry revenue is expected to grow at a CAGR of 4.5% to $257.2 billion through the end of 2024, with further growth of 1.1% forecast for the current year due to expected increases in oil prices. Wholesalers generate profit by purchasing crude oil from bulk stations and selling it to retail outlets. The price of retail gasoline and crude oil strongly influence profit. Retail gasoline prices are a function of domestic demand for fuel, which may differ from the global supply and demand. Profit tends to be very low for wholesalers in this industry. In 2020, profit fell sharply because of falling prices alongside poor overall economic activity. Through the end of 2024 industry profit, defined as earnings before interest and taxes, is expected to account for 1.7% of revenue. Revenue is expected to decline moderately as oil prices are expected to fall from recent highs. Expected growth in the overall domestic economy and more robust construction activity will likely ease this forecast decline in industry revenue. The anticipated expansion in domestic pipeline infrastructure is likely to bolster petroleum exports, benefiting downstream demand. However, wholesalers will also endure severe threats from technologies that accelerate the adoption of renewable energy, which may cause a considerable reduction in demand for gasoline and petroleum. Industry revenue is forecast to decline at a CAGR of 0.5% to $250.9 billion through the end of 2029.

TTF Gas fell to 40.63 EUR/MWh on June 23, 2025, down 0.77% from the previous day. Over the past month, TTF Gas's price has risen 9.06%, and is up 17.44% 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 June of 2025.

Gasoline fell to 2.10 USD/Gal on June 24, 2025, down 2.55% from the previous day. Over the past month, Gasoline's price has fallen 0.31%, and is down 15.90% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on June of 2025.

The Petroleum Product Wholesaling industry is dominated by a handful of vertically integrated fuel wholesalers, including Z Energy, BP New Zealand, ExxonMobil New Zealand and Gull Petroleum. These companies operate extensive networks of branded service stations and have the capacity for nationwide distribution. The industry underwent significant restructuring in 2022, with Australia-based Ampol Limited acquiring Z Energy and divesting its ownership of Gull Petroleum as part of the deal. The pricing practices of wholesalers have also come under severe scrutiny from the Central Government (Te Kāwanatanga o Aotearoa). The passing of the Fuel Industry Act 2020 increases the regulation by the Commerce Commission to provide retailers and industrial users with access to more competitive wholesale prices. Industry profitability has narrowed with the fluctuations in input prices and greater government regulation. Revenue volatility has come from the dramatic rise and fall of global oil prices and fluctuations in sales to fuel retailers. The early stages of the pandemic and the slump in international air travel sent global oil prices plummeting and severely constrained fuel consumption in New Zealand. Oil prices escalated with the winding back of restrictions and the supply constraints resulting from the Russia-Ukraine and Middle East conflicts, putting further upward pressure on prices. Industry revenue is expected to inch up at an annualised 0.1%, reaching $10.7 billion over the five years through 2024-25. Still, revenue is forecast to dip 0.4% with the easing of crude oil prices. In the future, the industry's performance will be constrained by the decline in the world price of crude oil, the downward pressure on local wholesale prices resulting from the Terminal Gate Prices (TGP) mechanism and greater scrutiny by the Commerce Commission. While growing motor vehicle numbers will drive petroleum product sales, the fuel consumption per vehicle will diminish with improved fuel efficiency and the uptake of electric vehicles. Industry revenue is forecast to rise at an annualised 0.9% through 2029-30, to $11.2 billion.