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U.S. Energy Information Administration (EIA)U.S. Energy Information Administration (EIA) Press Release

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IEA International Energy AgencyOil Market Report August 2025 Analysis IEA

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Blueberry MarketsOil Prices in 2025: Expert Predictions and Market

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Oil & Gas Middle EastEIA Forecasts Lower Oil Prices in 2025, 2026 Amid

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chevronPosted Pricing California Chevron Corporation

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2025 Canola Oil Price Guide Market Trends & Savings Tips

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Oil & Gas JournalCrude oil processing in China hit all-time high

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WikifarmerOlive Oil Monthly Report: June 2025 Wikifarmer

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Blueberry MarketsOil Prices in 2025: Expert Predictions and Market

wholesale price oil processing price 2025 oil made-in-process
                                               
                                               
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YChartsUS Wholesale Heating Oil Price Real-Time & Historical Tre

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  • What is oil 2025?
  • Oil 2025 looks beyond the short-term horizon covered in the IEA’s monthly Oil Market Report (OMR) to provide a comprehensive overview of evolving oil supply, demand, refining and trade dynamics through 2030.
  • How have global oil markets changed in 2025?
  • Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth.
  • What does oil 2025 mean for petrochemical-driven demand growth?
  • Oil 2025 also explores the implications of surging output of natural gas liquids (NGLs) in an era of petrochemical-driven demand growth. This publication was prepared by the Oil Industry and Markets Division (OIMD) of the Directorate of Energy Markets and Security (EMS). Toril Bosoni, head of OIMD, led the analysis and editing of the Report.
  • Why did EIA update its 2025 oil price forecast?
  • In its July Short-Term Energy Outlook (STEO), EIA revised its 2025 oil price forecast slightly upward this month in response to unrest in the Middle East creating uncertainty in the oil market. “The oil market is experiencing uncertainty from regional conflict, demand growth, and several other factors,” said EIA Acting Administrator Steve Nalley.
  • How much will Brent crude oil cost in 2025?
  • The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to average less than $70 per barrel in 2025 and about $58 per barrel in 2026.
  • How will global oil supply change in 2030?
  • IEA. CC BY 4.0. Global oil supply to the market, in contrast to capacity, is projected to rise by 4.1 mb/d to 107.2 mb/d by 2030. Producers in the Americas account for nearly all the 3.1 mb/d growth projected for non-OPEC+ over the forecast period. US LTO supply growth stalls, with output in 2030 only 360 kb/d above 2024 levels.