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May 01, 2025
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During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices. More ›

daily Brent crude oil price and U.S. refinery margins

Data source: CME Group, Bloomberg L.P.

U.S. energy facts explained

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May 1, 2025 Today in Energy ›