Price Trends for Key Commodities
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Against the backdrop of oil production, both from OPEC countries and from North and South America, growing faster than demand, Brent North Sea crude prices fell from an average price of $72 per barrel in the first half of 2025 to $64 per barrel in the fourth quarter. The annual average price was $69 per barrel, below the price of the previous year ($81 per barrel). The average monthly price for the chemical raw material naphtha was $567 per metric ton, around 14% below the previous year ($656 per metric ton).
At €36.17 per MWh ($11.88 per mmBtu), gas prices in Northwestern Europe in 2025 were slightly above the prior-year level (€34.17 per MWh or $10.83 per mmBtu). The average price of gas in the United States was $3.52 per mmBtu, higher than in the previous year ($2.20 per mmBtu). In China, gas prices averaged around $13.24 per mmBtu nationally (2024: $13.13 per mmBtu).