Oil

This page provides, in the given period, with:
  • a table showing the Brent oil prices recorded over the last 10 weeks, while the chart shows the monthly price trends over the last three years;
  • a chronological chart showing the monthly oil prices;
  • some charts that offer a price comparison of the Oil with:
See more on the page focused on Dairy Export to the main Oil producers
Note:
Since oil price may determine the purchasing power of oil producing countries (i.e. Middle Eastern States, Russia, Mexico, Venezuela...), we are of the opinion that their changes could potentially impact on these countries' willingness to buy additional dairy products such as Milk Powders and Cheddar cheese.

The reasons may be:
  • the major oil producing countries are also significant importers of the above mentioned dairy products;
  • in these countries the increase in oil price, may drive to higher willingness to buy dairy products;
  • commodity price level (for the local consumer) should not be too much higher than the current "ask" price, otherwise countries' willingness to buy dairy products could decline; at the same time high level of oil price may direct oil Purchaser toward alternative sources and as a consequence it may influence income of the oil producing countries.

Oil - Europe Brent
FOB Spot Price

66,13 $
28-Apr-2025
  64,04 $
29-Apr-2025
  63,37 $
30-Apr-2025
  62,37 $
1-May-2025
  61,57 $
2-May-2025
 
Source: U.S. Department of Energy, Energy Information Administration
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   2 May 2025
63,50 -6,51%
Friday   25 Apr 2025
67,92 +0,24%
Friday   18 Apr 2025
67,76 +2,51%
Friday   11 Apr 2025
66,10 -11,44%
Friday   4 Apr 2025
74,64 +0,39%
Friday   28 Mar 2025
74,35 +2,96%
Friday   21 Mar 2025
72,21 +0,94%
Friday   14 Mar 2025
71,54 -0,54%
Friday   7 Mar 2025
71,93 -3,12%
Friday   28 Feb 2025
74,25 -2,42%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ± on prev.
month.
± 2024
January 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 82,52 80,12 79,27 +7,35% -1,07%
February 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 82,58 83,48 75,44 -4,83% -9,63%
March 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 78,43 85,41 72,73 -3,59% -14,84%
April 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 84,74 89,94 68,13 -6,32% -24,24%
May 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 75,47 81,75 61,97 -9,05% -24,19%
June 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 74,84 82,25  
July 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 80,11 85,15  
August 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 86,15 80,36  
September 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75 93,72 74,02  
October 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33 90,60 75,63  
November 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42 82,94 74,35  
December 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00 77,76 73,84  
Jan-May 108,36 57,07 37,88 52,73 69,90 66,38 39,87 63,14 103,78 80,75 84,14 71,51
Change¹ % -0,09% -47,33% -33,62% +39,20% +32,55% -5,03% -39,94% +58,38% +64,35% -22,19% +4,20% -15,01%
Average 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88 82,50 80,49
Change¹ % -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42% -18,22% -2,43%
  prezzo massimo
  prezzo minimo
1) Variazione % calcolata rispetto allo stesso periodo dell’anno precedente
Source: U.S. Department of Energy, Energy Information Administration
Show/Hide the conversion of Oil (PR) USD⇒EUR on the current exchange,
on the exchange rate in force as at 3 months ago and on the exchange rate in force as at 1 year ago
  OIL (US$ / BBL)
US dollar EURO
CURRENT PRICE
02/05/2025
current exch.
30/04/2025: 1,137
exch. of 3 months ago
31/01/2025: 1,039
exch. of 1 year ago
30/04/2024: 1,072
MIN 63,50 55,83 61,10 59,25
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
55.83
 

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