Crude Oil Price | Current and Forecast
A Full Sample from Intratec Energy Price References
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The chart below is a full sample of Intratec Energy Price References, showing functionalities of this product and Crude Oil prices. Subscribe now and gain access to current prices of 13 key energy commodities, as well as historical prices and forecasts, in 33 strategic countries worldwide.
Data Legend. The chart shows Crude Oil prices in United States, in USA Dollar per oil barrel (USD/Bbl), as follows:
- Crude Oil (WTI), exp, US (United States): Crude Oil (WTI), export spot price, fob, Cushing
- Crude Oil, exp, BR (Brazil): Crude Oil, export transaction price, fob, Brazil
- Crude Oil, exp, CO (Colombia): Crude Oil, export transaction price, fob, Colombia
- Crude Oil (Sweet), spot, CA (Canada): Crude Oil (sweet), spot price, dap, Alberta
- Crude Oil, imp, CL (Chile): Crude Oil, import transaction price, cif, Chile
- Crude Oil, exp, MX (Mexico): Crude Oil, export spot price, fob, Mexico
- Crude Oil, imp, DE (Germany): Crude Oil, import spot price, cif, Germany
- Crude Oil (WTI), imp, BE (Belgium): Crude Oil (WTI), import spot price, cif, Belgium
- Crude Oil (WTI), spot, NL (Netherlands): Crude Oil (WTI), spot price, dap, Rotterdam
- Crude Oil (Brent), exp, GB (United Kingdom): Crude Oil (brent), export contract price, fob, United Kingdom
- Crude Oil (Johan), imp, FI (Finland): Crude Oil (johan sverdrup blend), import spot price, cif, Finland
- Crude Oil, imp, FR (France): Crude Oil, import spot price, cif, France
- Crude Oil (Johan), exp, NO (Norway): Crude Oil (johan sverdrup blend), export spot price, fob, Mongstad
- Crude Oil (Johan), imp, SE (Sweden): Crude Oil (johan sverdrup blend), import spot price, cif, Sweden
- Crude Oil (h-Sour), imp, CZ (Czech Republic): Crude Oil (heavy sour), import spot price, cif, Czech Republic
- Crude Oil (h-Sour), imp, HU (Hungary): Crude Oil (heavy sour), import spot price, cif, Hungary
- Crude Oil (CPC), imp, IT (Italy): Crude Oil (caspian pipeline consortium blend), import spot price, cif, Augusta
- Crude Oil, imp, PL (Poland): Crude Oil, import spot price, cif, Poland
- Crude Oil (WTI), imp, ES (Spain): Crude Oil (WTI), import spot price, cif, Spain
- Crude Oil, imp, SG (Singapore): Crude Oil, import spot price, cif, Singapore
- Crude Oil (Sour), imp, ID (Indonesia): Crude Oil (sour), import spot price, cif, Indonesia
- Crude Oil (Sour), imp, TH (Thailand): Crude Oil (sour), import spot price, cif, Thailand
- Crude Oil (blend), imp, IN (India): Crude Oil (sour/sweet blend), import spot price, cif, India
- Crude Oil (Sour), imp, PH (Philippines): Crude Oil (sour), import spot price, cif, Philippines
- Crude Oil, exp, AU (Australia): Crude Oil, export transaction price, fob, Australia
- Crude Oil (m-Sour), imp, CN (China): Crude Oil (medium sour), import spot price, cif, China
- Crude Oil (Sour), imp, JP (Japan): Crude Oil (sour), import spot price, cif, Japan
- Crude Oil (h-Sour), exp, RU (Russia): Crude Oil (heavy sour), export spot price, fob, Primorsk
- Crude Oil, imp, KR (South Korea): Crude Oil, import spot price, cfr, South Korea
- Crude Oil, imp, TW (Taiwan): Crude Oil, import spot price, cif, Taiwan
- Crude Oil (Sour), exp, SA (Saudi Arabia): Crude Oil (sour), export spot price, fob, Saudi Arabia
- Crude Oil (Sour), imp, ZA (South Africa): Crude Oil (sour), import spot price, cif, South Africa
- Crude Oil (CPC), imp, TR (Turkey): Crude Oil (caspian pipeline consortium blend), import spot price, cif, Turkey
Intratec Methodology. Intratec Energy Price References are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, statistics bureaus, governmental and international agencies. Such large volume of data is validated through advanced data processing techniques, and treated by means of statistical analysis for outliers removal. When faced with input gaps, data scientists and engineers employ mathematical models or machine learning techniques to estimate prices and ensure the completeness of the price assessments presented (learn more ).
About Crude Oil. Crude Oil is a naturally occurring, highly complex mixture, containing primarily paraffinic, cycloparaffinic, and aromatic hydrocarbons. Petroleum is a yellowish to black liquid, with apolar characteristics, formed millions of years ago, through biological processes in organic deposits. It is mostly found in geological formations beneath the Earth’s surface although it can be found in porous rocks above it. Crude Oil has many possible classifications, varying by country. The most used are based on the geographic location where it is produced/extracted, its API gravity, and its sulfur content.
Crude Oil has been used since ancient times, but it only became important with the invention of the internal combustion engine and the rise in aviation history. Currently, there are countries’ economies based on petroleum market, and it is estimated that the world consumes hundreds of millions of crude oil barrels every day. Petroleum is considered by many as the most important chemical worldwide, since it is the source of almost all fossil fuels, plastics/rubbers/resins, and an uncountable number of organic compounds. Part of Crude Oil is commercialized through spot trade, in which the commodity can be purchased for immediate delivery.
Crude Oil Handling. Petroleum is transported depending on the quantity and the destination. For bulk quantities, the most common ways are via pipelines (well to refineries/storage facilities), marine vessels (ocean transportation), rail cars (landmass transportation, usually in DOT-11 cars, holding 34,500 US gallons), and trucks (land transportation, ranging from 400 to 7,500 US gallons). The biggest problems associated with its transportation are pollution and leakage/spilling, since the mixture is very toxic to living animals and the environment as a whole. Crude Oil is flammable, so it should be kept away from heat, sparks, flames, or other sources of ignition. Usually, petroleum is not stored in its crude form: it is refined to its derivatives.
Crude Oil Uses. Crude Oil is one of the most important raw materials for industry. It is employed as a building block for the chemical industry, for fuel production, for plastic/rubber/resin manufacture, as well as to produce waxes, asphalt, and lubricants.
