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Data

Oil price - Crude prices since 1861

About this data

Source
Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2025) – with major processing by Our World in Data
Last updated
June 27, 2025
Next expected update
June 2026
Date range
1861–2024
Unit
constant 2024 US$ per cubic meter

Sources and processing

This data is based on the following sources

Energy Institute – Statistical Review of World Energy

The Energy Institute Statistical Review of World Energy analyses data on world energy markets from the prior year.

Retrieved on
June 27, 2025
Retrieved from
https://www.energyinst.org/statistical-review/
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2025)

The Energy Institute Statistical Review of World Energy analyses data on world energy markets from the prior year.

Retrieved on
June 27, 2025
Retrieved from
https://www.energyinst.org/statistical-review/
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2025)

How we process data at Our World in Data

All data and visualizations on Our World in Data rely on data sourced from one or several original data providers. Preparing this original data involves several processing steps. Depending on the data, this can include standardizing country names and world region definitions, converting units, calculating derived indicators such as per capita measures, as well as adding or adapting metadata such as the name or the description given to an indicator.

At the link below you can find a detailed description of the structure of our data pipeline, including links to all the code used to prepare data across Our World in Data.

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  • All data produced by third-party providers and made available by Our World in Data are subject to the license terms from the original providers. Our work would not be possible without the data providers we rely on, so we ask you to always cite them appropriately (see below). This is crucial to allow data providers to continue doing their work, enhancing, maintaining and updating valuable data.
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Citations

How to cite this page

To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:

“Data Page: Oil price - Crude prices since 1861”, part of the following publication: Hannah Ritchie, Pablo Rosado, and Max Roser (2023) - “Energy”. Data adapted from Energy Institute. Retrieved from https://archive.ourworldindata.org/20260507-171259/grapher/oil-prices-inflation-adjusted.html [online resource] (archived on May 7, 2026).

How to cite this data

In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:

Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2025) – with major processing by Our World in Data

Full citation

Energy Institute based on S&P Global Platts - Statistical Review of World Energy (2025) – with major processing by Our World in Data. “Oil price - Crude prices since 1861” [dataset]. Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved May 7, 2026 from https://archive.ourworldindata.org/20260507-171259/grapher/oil-prices-inflation-adjusted.html (archived on May 7, 2026).

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