Crude oil prices, markets & analysis

ICIS has a long history in examining and reporting on the global crude oil markets. Our experts based locally throughout the globe provide market players with the latest daily pricing information for Americas, Arab Gulf, Asia, CIS, Mediterranean, North Sea and West Africa. Our market intelligence includes in-depth analysis on factors driving the price of crude, plus market reviews and outlooks. Our World Crude Report (WCR) and our Global overview give market insights and deliver all the information needed to stay on top of developments across global markets, for more confident trading and forecasting.

Our crude oil market insights deliver all the information needed to stay on top of developments across global markets, for more confident trading and forecasting.

What's happening in the Crude oil market?
Our editor gives their expert view
View transcript
Close X

Crude Oil Overview Video

Crude oil is produced all over the world. Some fields large some are small, some are high sulphur, some are low sulphur; some are very light, some are very heavy. But they all end up in a refinery.

There they get changed into the products that you use every day: gasoline which you drive your car with, the heating oil that you heat your house with. And the other stuff, like heavy fuel oil which basically we put out in the ships of the world and they burn it out at sea because we don’t like the sulphurous fumes they create.

How is crude oil traded? Physical cargoes trade every day. Producers sell them, refiners buy them.

But there is another side to the market, the international exchanges. Speculators trade these every day like they do the stock market.

Supply and demand doesn’t have everything to do with the price of oil. The strength of the US dollar does. Economic data out of the powerhouse economies of China and the US drives the world as well.

And there’s all sorts of other various geopolitical factors that can turn the price of oil upside down within 10 minutes during a day.

The price of oil on the international markets swings by dollars it can rise $2 in 10 minutes and give it all back in the next. Speculation, that’s trading.

How can we help
Market overview
News & analysis

Crude oil news and market information products from ICIS

We offer the following regional Crude oil analysis and news coverage to keep you informed of factors and developments affecting prices in the Crude oil marketplace.

  • Price reporting

    Price Reporting – More information about the price reports we publish on Crude oil

    Independent price assessments and market coverage by region

  • Price history

    Price History – More information about the historical price data we publish on Crude oil

    Track historical price data

  • News & analysis

    News & Analysis - News & market analysis specifically relating to Crude oil

    Breaking news of latest developments affecting the markets.

    Insight and analysis of factors driving prices.