For the Quarter Ending June 2026
Crude Oil Prices in North America
- In USA, the Crude Oil Price Index rose by 32.7014% quarter-over-quarter, driven by geopolitical supply-risks.
- The average Crude Oil price for the quarter was approximately USD 93.33/MT, reflecting freight premiums.
- Crude Oil Spot Price remained volatile as Hormuz reopening and rerouting altered seaborne freight availability.
- Crude Oil Price Forecast indicates modest near-term softening as released Middle-East barrels outpace demand recovery.
- Crude Oil Production Cost Trend reflects shale efficiency gains, constraining marginal costs despite freight charges.
- Crude Oil Demand Outlook remained resilient, US refinery runs and petrochemical feedstock needs sustained offtake.
- Inventory swings and export policy shifts influenced the Crude Oil Price Index, widening Atlantic volatility.
- US export restrictions and OPEC+ production adjustments redirected flows, shaping near-term Crude Oil Price Index.
Why did the price of Crude Oil change in June 2026 in North America?
- Geopolitical de-escalation in mid-June reopened the Strait of Hormuz, increasing seaborne supply and easing premiums.
- US Senate export suspension temporarily constrained exports, redirecting barrels domestically and elevating local inventory pressure.
- Robust refinery runs and steady product demand partially offset oversupply, limiting pace of price declines.
Crude Oil Prices in APAC
- In China, the Crude Oil Price Index rose by 32.7% quarter-over-quarter, driven by geopolitical constraints.
- The average Crude Oil price for the quarter was approximately USD 93.33/MT, reflecting risk premiums.
- Crude Oil Spot Price swung in June as the Price Index softened following shipping normalization.
- Crude Oil Price Forecast points to near-term softness absent renewed outages and persistent logistical premia.
- Crude Oil Production Cost Trend rose from higher freight and insurance, increasing landed feedstock costs.
- Crude Oil Demand Outlook remained resilient with refinery intake but uneven distillate and jet demand.
- Crude Oil Price Index eased June as U.S. export curbs and inventory builds pressured benchmarks.
- Major producer turnarounds were limited while OPEC+ output adjustments intermittently tightened the spot market marginally.
Why did the price of Crude Oil change in June 2026 in APAC?
- Strait of Hormuz reopening increased shipments, boosting APAC crude availability and reducing geopolitical price premiums.
- U.S. export suspension redirected barrels domestically, swelling inventories and exerting downward pressure in APAC markets.
- Normalization of freight and reserve releases offset oversupply, easing logistics premia and lowering APAC prices.
India
- In India, the Crude Oil Price Index rose by 32.7% quarter-over-quarter, driven by strong export demand and disruptions.
- Crude Oil Spot Price exhibited volatility amid Hormuz route risks, supporting persistent premium in regional Price Index.
Crude Oil Prices in Europe
- In Germany, the Crude Oil Price Index rose by 28.63% quarter-over-quarter, tightening supply via Hormuz.
- The average Crude Oil price for the quarter was approximately USD 97.33/MT in Germany Q2.
- German Crude Oil Spot Price volatility persisted as shipments normalized and risk premium eroded elsewhere.
- Crude Oil Price Forecast shows marginal softening later this year as rerouting eases freight pressure.
- Crude Oil Production Cost Trend stayed elevated because freight and insurance costs rose amid rerouting.
- Crude Oil Demand Outlook in Europe resilient with strong refinery runs and petrochemical feedstock needs.
- Inventory builds pressured the Crude Oil Price Index despite firm refinery intake and Atlantic supply.
- Major producer restarts and OPEC+ adjustments tempered upside, while export flows and arbitrage moved quickly.
Why did the price of Crude Oil change in June 2026 in Europe?
- Reopening of Strait of Hormuz released blocked barrels, increasing Atlantic supply and relieving geopolitical premium.
- OPEC+ output increases and U.S. export policy shifts rebalanced markets, pressuring European import parity levels.
- Elevated freight and insurance costs supported prices but eased as rerouting normalized and inventory rebuilt.
UK (United Kingdom)
- In United Kingdom, the Crude Oil Price Index rose by 28.63% quarter-over-quarter, amid Hormuz disruptions.
- Crude Oil Spot Price volatility intensified as shipping normalised and Middle-East cargoes returned to markets.
Crude Oil Prices in MEA
- In Saudi Arabia, the Crude Oil Price Index rose by 32.7014% quarter-over-quarter, driven by stronger regional export realization.
- The average Crude Oil price for the quarter was approximately USD 93.33/MT, reported by national trade and market desks.
- Crude Oil Spot Price volatility persisted amid Hormuz route uncertainty, elevated freight premiums, and changing insurance rates.
- The Crude Oil Price Index reflected inventory builds and export policy shifts, pressuring contracts and market sentiment.
- Crude Oil Price Forecast indicates modest near term softening as U.S. production anchors supply against geopolitical volatility.
- Crude Oil Production Cost Trend showed upward pressure from rerouting freight and insurance despite improving regional output availability.
- Crude Oil Demand Outlook remained firm for fuels and petrochemicals, supporting refinery runs and sustained feedstock offtake.
- Domestic policy changes, export restrictions, and refinery maintenance dynamically influenced Crude Oil Spot Price and spot market liquidity.
Why did the price of Crude Oil change in June 2026 in MEA?
- Easing Strait of Hormuz blockade quickly released barrels, increasing Atlantic availability and materially reducing geopolitical premium.
- U.S. export suspension and domestic stock builds pressured benchmarks, enlarging local supply while global flows normalized.
- OPEC+ output increases and high refinery runs contrasted with robust fuel demand, creating mixed downward price momentum.
Crude Oil Prices in South America
- In Brazil, the Crude Oil Price Index rose by 32.7% quarter-over-quarter, reflecting stronger exports and refinery demand.
- The average Crude Oil price for the quarter was approximately USD 93.33/MT in Brazil, reported.
- Crude Oil Spot Price weakened amid Hormuz reopening and Atlantic Basin supply, compressing refining margins.
- Crude Oil Price Forecast remains bullish near term from seasonal refinery runs and geopolitical uncertainty.
- Crude Oil Production Cost Trend showed limited upward pressure from higher freight and insurance premiums.
- Crude Oil Demand Outlook stayed firm as Brazilian refinery throughput and fuel consumption supported offtake.
- Crude Oil Price Index volatility increased as inventories rose while export options expanded, pressuring benchmarks.
- Major producer changes and export constraints influenced regional flows, altering price signals and trade patterns.
Why did the price of Crude Oil change in June 2026 in South America?
- Easing geopolitical risk reopened Hormuz routes, sharply increasing accessible supply and rapidly lowering regional risk premia.
- Rerouting and reduced war-risk surcharges cut voyage times and insurance, improving landed costs for Brazilian refiners.
- Robust refinery runs, elevated domestic stocks, and stronger exportable volumes combined to depress the local Price Index.
For the Quarter Ending March 2026
Crude Oil Prices in North America
- In USA, the Crude Oil Price Index rose by 18.54% quarter-over-quarter, reflecting tightened exports and geopolitical disruptions.
- The average Crude Oil price for the quarter was approximately USD 70.33/Barrel, based on weekly observations.
- Market noted the Crude Oil Spot Price tightened as rerouting and insurance premia constrained cargo availability.
- Analysts raised the Crude Oil Price Forecast for Q2 amid persistent Hormuz closures and higher risk-premia.
- Upstream bottlenecks and regulatory fees lifted the Crude Oil Production Cost Trend, supporting near-term margins.
- Refinery draws and seasonal fuel demand support the Crude Oil Demand Outlook despite softer industrial consumption.
- Inventory shifts and export logistics altered the Crude Oil Price Index trajectory, prompting increased hedging by refiners.
- Producer outages and Permian bottlenecks intermittently pressured flows while spot premiums acutely influenced procurement decisions.
Why did the price of Crude Oil change in March 2026 in North America?
- Strait of Hormuz disruptions sharply reduced seaborne crude availability, elevating risk premia and import uncertainty.
- US inventory draws and refinery throughput increases tightened domestic balances, amplifying price sensitivity to supply shocks.
- Elevated shipping costs and insurance premiums increased delivered costs, prompting precautionary buying and tighter spot market liquidity.
Crude Oil Prices in APAC
- In China, the Crude Oil Price Index rose by 18.85% quarter-over-quarter, reflecting stronger geopolitical risk.
- The average Crude Oil price for the quarter was approximately USD 75.67/Barrel, supported by freight.
- Crude Oil Spot Price rallied as tanker delays and insurance premia tightened physical cargo competition.
- Analysts moved the Crude Oil Price Forecast higher given escalating Hormuz risks and shipping disruptions.
- Supply bottlenecks, equipment tariffs and labour constraints lifted the Crude Oil Production Cost Trend noticeably.
- Crude Oil Demand Outlook brightened as refiners increased runs to rebuild inventories ahead of spring.
- Tight export availability and precautionary buying elevated the Crude Oil Price Index across trading hubs.
- Chinese refinery demand and nearby export bids supported firm offers, sustaining tightness in spot markets.
Why did the price of Crude Oil change in March 2026 in APAC?
- Strait of Hormuz disruptions curtailed seaborne exports, immediately tightening supply and raising regional risk premia.
- Rising freight and insurance costs increased delivered crude costs, pressuring bids and elevating landed prices.
- Refiners rebuilt inventories amid higher runs, boosting procurement while domestic Permian growth remained recently limited.
Crude Oil Prices in Europe
- In Germany, the Crude Oil Price Index rose by 18.85% quarter-over-quarter, reflecting geopolitical supply tightness.
- The average Crude Oil price for the quarter was approximately USD 75.67/Barrel, reported in Germany.
- Elevated geopolitical risk, Hormuz disruptions lifted Crude Oil Spot Price, tightening the Price Index upward.
- Analysts adjusted the Crude Oil Price Forecast higher amid shipping delays and constrained export flows.
- Rising input costs and regulatory fees pushed the Crude Oil Production Cost Trend modestly higher.
- Refinery restocking and seasonal fuel demand strengthened Crude Oil Demand Outlook in European refining centers.
- Rising US inventories and muted arbitrage reduced export demand, tempering the Crude Oil Price Index.
- Gulf and Santa Ynez outages constrained Crude Oil flows, supporting firm sentiment, narrowing downside risks.
Why did the price of Crude Oil change in March 2026 in Europe?
- Strait of Hormuz disruptions sharply reduced seaborne flows, creating a supply shock to European importers.
- Higher insurance and freight costs increased landed import costs, pressuring margins and supporting elevated prices.
- Refinery restocking and precautionary buying amid geopolitical uncertainty boosted demand, further tightening European physical balances.
Crude Oil Prices in MEA
- In Saudi Arabia, the Crude Oil Price Index rose by 18.54% quarter-over-quarter, amid export tightness.
- The average Crude Oil price for the quarter was approximately USD 70.33/Barrelreflecting regional volatility.
- Crude Oil Spot Price stayed volatile as Hormuz disruptions and reroutes tightened seaborne supply regionally.
- Crude Oil Price Forecast indicates near-term firmness with geopolitical premiums outweighing modest inventory replenishment prospects.
- Crude Oil Production Cost Trend is rising due to drilling constraints and higher materials costs.
- Crude Oil Demand Outlook remains resilient for refinery inputs, while industrial and petrochemical procurement softens.
- Price Index pressure reflected rerouted exports, tanker delays, and precautionary refinery stock builds regionally earlier.
- Operational outages and logistics bottlenecks at terminals constrained flows, reinforcing short-term market tightness and premiums regionally
Why did the price of Crude Oil change in March 2026 in MEA?
- Strait of Hormuz closure and tanker reroutes curtailed exports, increasing regional supply risk and premium.
- Insurance and freight cost increases plus logistical delays raised transaction costs, compressing available arbitrage opportunities.
- Refinery stock-building and inventory draws tightened usable supply, prompting precautionary buying and stronger spot bids.
Crude Oil Prices in South America
- In Brazil, the Crude Oil Price Index rose by 18.5% quarter-over-quarter, driven by Hormuz disruptions.
- The average Crude Oil price for the quarter was approximately USD 70.33/Barrel, reflecting import-parity margins.
- Crude Oil Spot Price volatility increased as shipment reroutes and insurance premia tightened seaborne availability.
- Crude Oil Price Forecast shows short-term firmness due to geopolitical risk premium and refinery restocking.
- Crude Oil Production Cost Trend rose as upstream bottlenecks and regulatory fees increased drilling expenses.
- Crude Oil Demand Outlook remains supportive from refinery feedstock needs and precautionary inventory building activity.
- Regional Crude Oil Price Index strength was amplified by export re-routing and higher charter costs.
- Brazilian export demand and rising inventories plus operational disruptions kept market sentiment tight through March.
Why did the price of Crude Oil change in March 2026 in South America?
- Strait of Hormuz closures reduced seaborne exports, increasing risk premiums and tightening global crude availability.
- U.S. refinery draws and precautionary restocking raised short-term demand while inventories declined in importing-hubs.
- Upstream operational bottlenecks and higher completion costs constrained supply growth, supporting persistent upward price pressure.
For the Quarter Ending December 2025
Crude Oil Prices in North America
- In the USA, the Crude Oil Price Index fell by 9.18% quarter-over-quarter, reflecting broad inventory builds.
- The average Crude Oil price for the quarter was approximately USD 59.33/Barrel, per wholesale assessments.
- Crude Oil Spot Price slid as record U.S. output and inventory builds pressured Price Index.
- Crude Oil Price Forecast indicates mild volatility as OPEC+ output increases counter seasonal refinery demand.
- Crude Oil Production Cost Trend remained modestly lower with efficiency gains easing upstream breakeven pressures.
- Crude Oil Demand Outlook softened amid trade tensions and weaker manufacturing, reducing product offtake volumes.
- U.S. stock builds and softer exports constrained bids, keeping Crude Oil Spot Price under pressure.
- Operational outages alongside incremental OPEC+ barrels shaped availability, informing Crude Oil Price Forecast and rebalancing.
Why did the price of Crude Oil change in December 2025 in North America?
- Oversupply from OPEC+ increases and record U.S. production expanded available barrels, pressuring December values materially.
- Commercial inventory builds and softer export demand increased storage contango risk, undermining near-term price support.
- Geopolitical flareups intermittently tightened prompt supplies, but overall easing risk sentiment kept prices subdued nevertheless.
Crude Oil Prices in APAC
- In China, the Crude Oil Price Index fell by 9.18% quarter-over-quarter, reflecting oversupply and weak demand.
- The average Crude Oil price for the quarter was approximately USD 59.33/Barrel across China, reflecting muted industrial demand.
- Crude Oil Spot Price weakened amid abundant seaborne flows, pressuring the China Price Index and export differentials.
- Crude Oil Price Forecast points to modest near-term firmness driven by transit disruptions and seasonal refinery restocking.
- Crude Oil Production Cost Trend remains subdued as upstream breakevens eased, limiting immediate upside for domestic Chinese refiners.
- Crude Oil Demand Outlook in China shows soft industrial fuel consumption, weighing on refined product cracks and procurement.
- Inventory builds and elevated exports compressed margins, leaving the Crude Oil Price Index vulnerable to further downside.
- Major producer run-rate restorations and OPEC+ adjustments influenced availability, constraining Chinese spot procurement and margins.
Why did the price of Crude Oil change in December 2025 in APAC?
- Heightened seaborne supplies and OPEC+ incremental output increased prompt availability, pressuring Asian crude balances and margins.
- Strong refinery runs and year-end restocking supported demand, partially offsetting oversupply and stabilising nearby physical differentials.
- Geopolitical transit disruptions and targeted sanctions intermittently tightened flows, adding short-lived bids amid otherwise bearish sentiment.
Crude Oil Prices in Europe
- In Germany, the Crude Oil Price Index fell by 6.37% quarter-over-quarter, reflecting persistent oversupply and weak demand.
- The average Crude Oil price for the quarter was approximately USD 63.67/Barrel, reflecting landed German import differentials and year-end position.
- Crude Oil Spot Price weakened through December as elevated inventories and muted export demand pressured spot differentials.
- Crude Oil Price Forecast suggests modest firmness into Q1 as OPEC+ steadies quotas and winter demand emerges.
- Crude Oil Production Cost Trend remained stable, feedstock and refinery input costs exerting limited upward pressure marginally.
- Crude Oil Demand Outlook shows soft industrial demand offset by seasonal transport and heating-related petrochemical feedstock draws.
- Crude Oil Price Index reflected mixed refinery runs and occasional stock draws, producing limited week-to-week firmness only.
- Major producer operational shifts and sanctions influenced cargo availability, tightening some differentials despite broader oversupply concerns overall.
Why did the price of Crude Oil change in December 2025 in Europe?
- Rising OPEC+ and non-OPEC output increased seaborne supply, swelling commercial inventories and pressuring December prices.
- Weak industrial and transport fuel demand amid trade tensions softened offtake, reducing prompt physical demand.
- Geopolitical events and sanctions disrupted some flows, intermittently tightening availability yet not reversing bearish trend.
Crude Oil Prices in MEA
- In Saudi Arabia, the Crude Oil Price Index fell by 9.18% quarter-over-quarter, reflecting oversupply persistently.
- The average Crude Oil price for the quarter was approximately USD 59.33/Barrel, reflecting logistical spreads.
- Crude Oil Spot Price weakened in December as the Price Index signalled abundant seaborne availability.
- Crude Oil Price Forecast showed limited upside as weak Demand Outlook and inventories constrained buying.
- Crude Oil Production Cost Trend remained stable; shipping cost declines failed to lift Price Index.
- Rising inventories and softer export demand pressured differentials, keeping the Crude Oil Price Index subdued.
- Saudi Aramco capacity additions expanded buffers, affecting the Crude Oil Spot Price and dampening procurement.
- Downstream petrochemical margins supported runs, but weak fuel demand left Crude Oil Price Index vulnerable.
Why did the price of Crude Oil change in December 2025 in MEA?
- OPEC+ production additions increased seaborne supply in December, overwhelming demand recovery and pressuring prompt differentials.
- U.S. inventory draws were inconsistent, failing to offset global stock builds and leaving markets loose.
- Logistics disruptions and geopolitical incidents constrained cargo availability but could not reverse broader oversupply dynamics.
Crude Oil Prices in South America
- In Brazil, the Crude Oil Price Index fell by 9.18% quarter-over-quarter, reflecting oversupply and weaker runs.
- The average Crude Oil price for the quarter was approximately USD 59.33/MT, reflecting logistical constraints.
- Crude Oil Spot Price differentials narrowed as prompt physical flows adjusted to expanding commercial inventory.
- Crude Oil Price Forecast points to mild downside risk given ongoing builds and muted demand.
- Crude Oil Production Cost Trend stayed lower as feedstock freight pressures eased for onshore operators.
- Crude Oil Demand Outlook remains subdued with weaker petrochemical consumption and slower export growth near-term.
- Crude Oil Price Index reflected widening storage builds, pressuring differentials despite tightening from transit incidents.
- Operational disruptions and transit risks tightened prompt supply, yet OPEC+ modest increases sustained medium-term overhang.
Why did the price of Crude Oil change in December 2025 in South America?
- Rising OPEC+ and non-OPEC production expanded seaborne flows, exacerbating Brazilian differentials and enlarging global surplus.
- Elevated commercial inventories and weaker exports compressed physical premiums, reducing prompt arbitrage and nearby demand.
- Logistics bottlenecks and refining parity supported draws, but structural oversupply limited sustained Brazilian price recovery.
For the Quarter Ending September 2025
North America
- In the USA, the Crude Oil Price Index rose 1.55% quarter-over-quarter, supported by export demand.
- The average Crude Oil price for the quarter was approximately USD 65.33/MT, per weekly assessments.
- Crude Oil Spot Price exhibited volatility driven by recent geopolitical incidents and shifting inventory balances.
- Crude Oil Price Forecast suggests upside capped by OPEC+ supply increases despite refinery demand strength.
- Crude Oil Production Cost Trend remained subdued as productivity offset logistical and feedstock cost pressures.
- Crude Oil Demand Outlook improved with gasoline demand spikes supporting refinery runs and exports strengthening.
- Crude Oil Price Index volatility reflected signals from inventories, rig counts, OPEC+ announcements, refining activity.
- Elevated U.S. commercial stocks and OPEC+ output increases constrained regional arbitrage and price recovery momentum.
- Operational cuts and disruptions in select producing regions supported prices despite overall global supply increases.
Why did the price of Crude Oil change in September 2025 in North America?
- Increased OPEC+ output and sustained U.S. production expanded supply, outweighing intermittent inventory draws and exports.
- Weaker global demand signals and tariff uncertainty pressured sentiment, while shipping risks briefly supported prices.
- Refinery throughput, seasonal gasoline demand, and volatile geopolitics produced offsetting forces influencing weekly price movements.
APAC
- In China, the Crude Oil Price Index rose by 1.55% quarter-over-quarter, reflecting marginal demand recovery.
- The average Crude Oil price for the quarter was approximately USD 65.33/MT, supported by seasonal refinery demand.
- Crude Oil Spot Price volatility reflected alternating inventory builds and draws amid refinery throughput signals.
- Crude Oil Production Cost Trend showed modest easing as freight narrowed recently.
- Crude Oil Demand Outlook improved seasonally with stronger transport fuel requirements, while industrial signals softened.
- Crude Oil Price Forecast points to range-bound prices as OPEC+ supply responses offset demand growth.
- Crude Oil Price Index movements were influenced by ARAMCO shipments, seaborne flows and refining outages.
- Export demand and inventories pressured Asian arbitrage, while local restocking supported refinery throughput momentum seasonally.
Why did the price of Crude Oil change in September 2025 in APAC?
- OPEC+ announced output increases, adding supply that weighed on prices despite persistent localized geopolitical disruptions.
- Chinese refinery demand rose seasonally, supporting crude draws but overall imports and stock builds tempered gains.
- U.S. inventory swings and freight dynamics influenced arbitrage, creating short-term volatility across APAC seaborne markets.
Europe
- In Germany, the Crude Oil Price Index rose by 1.49% quarter-over-quarter, reflecting inventory draws, disruptions.
- The average Crude Oil price for the quarter was approximately USD 68.00/MT, reflecting seasonal demand.
- Crude Oil Spot Price volatility kept the Germany Price Index range-bound amid summer demand frictions.
- Analysts adjusted the Crude Oil Price Forecast lower, citing OPEC+ increases and mixed demand signals.
- Freight increases lifted the Crude Oil Production Cost Trend, squeezing refinery margins regionally.
- Crude Oil Demand Outlook shows strong transport fuel demand yet weaker industrial, petrochemical feedstock consumption.
- Inventory swings and sustained seaborne exports moderated the Crude Oil Price Index, tempering upside pressure.
- Operational outages and incomplete OPEC+ compliance tightened supplies intermittently, supporting sporadic price recoveries in Germany.
Why did the price of Crude Oil change in September 2025 in Europe?
- OPEC+ production increases and resumed seaborne flows raised supply, weighing on September prices across Europe.
- Inventories fluctuated with weekly draws and builds, creating mixed signals for German refiners and traders.
- Logistics disruptions and freight variability raised delivered costs, pressuring the domestic Crude Oil Price Index.
MEA
- In Saudi Arabia, the Crude Oil Price Index rose by 1.55% quarter-over-quarter, on refinery draws.
- The average Crude Oil price for the quarter was approximately USD 65.33/MT, per weekly averages.
- Crude Oil Spot Price volatility persisted amid divergent U.S. inventory flows and refining capacity differences.
- Crude Oil Price Forecast shows modest near-term weakness as OPEC+ reallocation meets seasonal consumption rhythms.
- Crude Oil Production Cost Trend edged lower with feedstock moderation and upstream utilization in fields.
- Crude Oil Demand Outlook improved on peak travel and power-sector burn, sustaining refinery throughput support.
- Crude Oil Price Index weakness reflected OPEC+ allocations and reduced Chinese nominations pressuring regional buying.
- Export demand and inventory swings, producer ramp-ups and geopolitical disruption created mixed short-term price signals.
Why did the price of Crude Oil change in September 2025 in MEA?
- OPEC+ raised September allocations, increasing supply and reducing previous scarcity premia across regional export markets.
- Chinese nomination adjustments and softer refinery intake reduced crude draws, weighing on regional price levels.
- Intermittent geopolitical attacks and volatile inventory swings created uncertainty, offsetting bearish supply signals.
South America
- In Brazil, the Crude Oil Price Index rose by 1.55% quarter-over-quarter, supported by export reopenings.
- The average Crude Oil price for the quarter was approximately USD 65.33/MT, reflecting blended FOB.
- Crude Oil Spot Price volatility persisted as inventory builds and uneven exports pressured Brazilian sentiment.
- Crude Oil Price Forecast indicated modest upside for autumn, balancing OPEC+ increases against seasonal demand.
- Crude Oil Production Cost Trend softened amid growing supply additions and marginally lower extraction expenses.
- Crude Oil Demand Outlook mixed as seasonal fuel consumption offset weaker industrial and export indicators.
- Crude Oil Price Index recovered modestly as fleet rerouting and higher refinery runs reduced exports.
- Major producers' operational upticks, notably Petrobras FPSO recoveries, tightened domestic balances and supported regional prices.
Why did the price of Crude Oil change in September 2025 in South America?
- Increased OPEC+ scheduled output introductions pressured global supply, prompting downward influence on Brazilian crude prices.
- Domestic export reopenings and restored US access tightened Brazilian market, providing upward support to values.
- Inventories swings, robust summer fuel consumption, and logistical disruptions from regional conflicts created price volatility.
