Demand growth has been weak, oil output has increased elsewhere and some Opec+ members have pumped above their quotas, resulting in benchmark crude prices dropping to a three-year low of $68 per barrel this month. The IMF last October projected the kingdom’s oil break-even price to be about $91 per barrel this year.

1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 510.81 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.65 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.44 ...

Analysts predict that oil prices will be capped in 2025 due to increased OPEC+ production, weaker demand growth from U.S. tariff policies, and potential economic slowdown.

India has raised the price of its locally produced gas from oil fields by nearly 4% to $6.75 per million metric British thermal units (mmBtu) for April, compared with $6.50/mmBtu for the previous month,

The government on March 31, 2025, raised by 4% the price of natural gas produced from old legacy fields called APM - the key input used to make CNG and produce electricity and product fertiliser.

Norway's $1.8 trillion oil fund is investing $1.5 billion to acquire a 49% stake in RWE's Nordseecluster and Thor offshore wind farm developments in the North Sea.

Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth.

It’s been a month since OPEC+ said it will go ahead and gradually unwind its voluntary production cuts starting on April 1, but threats to global supplies have helped prices recover their losses in March.