Track real-time and historical crude oil prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Region | Price (USD/KG) | Latest Movement |
---|---|---|
Northeast Asia | 71.87 | -2.6↓ Down |
Northeast Asia: Northeast Asian crude oil prices experienced a notable decline as regional markets adjusted to evolving supply-demand dynamics and inventory management strategies across major consuming nations, including China, Japan, and South Korea. Chinese crude stocks rose, contributing to global inventory builds, which created downward pricing pressure throughout the region as storage capacity reached elevated levels. Supply-side factors included robust import activities. However, refining capacity utilization faced challenges as regional refiners adjusted their throughput levels in response to margin pressures and product demand fluctuations. Currency dynamics played a crucial role, with the Chinese Yuan, Japanese Yen, and South Korean Won experiencing varying degrees of volatility against the US Dollar, affecting import costs and regional pricing mechanisms. Port infrastructure efficiency improvements in major Northeast Asian crude terminals, including those in Shanghai, Yokohama, and Ulsan, helped mitigate some logistical bottlenecks, though these gains were partially offset by elevated international shipping rates and seasonal demand variations.
IMARC's latest publication, “Crude Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the crude oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of crude oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed crude oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting crude oil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
The global crude oil industry size reached USD 2,999.48 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 5,067.56 Billion, at a projected CAGR of 5.70% during 2025-2033. The market is driven by the rising global energy demand, geopolitical tensions influencing supply security, and production policies set by OPEC+ and major producers.
Crude oil represents a naturally occurring liquid petroleum composed of hydrocarbon deposits and organic materials formed over millions of years through geological processes, appearing as a viscous, dark-colored substance that serves as the primary feedstock for global energy and petrochemical industries. As the world's most traded commodity by volume and value, crude oil maintains its critical position in the global energy hierarchy, providing approximately 30% of total energy consumption and serving as the foundation for transportation fuel production, heating oil, and industrial applications. Primary industrial applications include refining into gasoline, diesel fuel, jet fuel, and heating oil through fractional distillation processes, while serving as feedstock for petrochemical production including plastics, synthetic materials, pharmaceuticals, and specialty chemicals. In energy markets, crude oil enhances economic performance through its role in power generation, industrial manufacturing processes, and transportation infrastructure, while its strategic importance extends to geopolitical considerations and national energy security frameworks across consuming and producing nations worldwide.
Key Attributes | Details |
---|---|
Product Name | Crude Oil |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Crude Oil Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
|
Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
The crude oil prices in July 2025 were 71.87 USD/Barrel in Northeast Asia.
The crude oil pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for crude oil prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
IMARC offers trustworthy, data-centric insights into commodity pricing and evolving market trends, enabling businesses to make well-informed decisions in areas such as procurement, strategic planning, and investments. With in-depth knowledge spanning more than 1000 commodities and a vast global presence in over 150 countries, we provide tailored, actionable intelligence designed to meet the specific needs of diverse industries and markets.
1000
+Commodities
150
+Countries Covered
3000
+Clients
20
+Industry
IMARC delivers precise commodity pricing insights using proven methodologies and a wealth of data to support strategic decision-making.
Our extensive databases provide detailed commodity pricing, import-export trade statistics, and shipment-level tracking for comprehensive market analysis.
Through direct supplier surveys and expert interviews, we gather real-time market data to enhance pricing accuracy and trend forecasting.
We analyze industry reports, trade publications, and market studies to offer tailored intelligence and actionable commodity market insights.
Trusted by 3000+ industry leaders worldwide to drive data-backed decisions. From global manufacturers to government agencies, our clients rely on us for accurate pricing, deep market intelligence, and forward-looking insights.