Markets

The global crude oil market enters the final week of May 2026 balanced on a razor's edge.

The global crude oil market experienced intense weekly volatility, driven by shifting diplomatic narratives surrounding the US-Iran conflict and the operational status of the critical Strait of Hormuz.

The crude oil market enters the final week of May caught in a high-stakes balancing act.

Over 14 MM b/d of global oil supply remains shut in due to the military blockade of the Strait of Hormuz, causing worldwide inventories to plunge at a historic pace of 8.7 MM b/d.

The ongoing Middle East energy crisis has propelled the US into a global supplier of last resort, driving domestic oil exports to an all-time high.

Following decades of steady decline from its 1988 peak of over 2.0 MM b/d, crude production on the Alaska North Slope (ANS) is undergoing a major structural turnaround.

Following the Jan. 03, 2026 seizure of former President Nicolás Maduro, acting President Delcy Rodriguez’s interim government is courting international energy majors back to its oil and gas sectors.

Faced with a domestic energy crisis as global prices surge from the war in Iran, the UK has implemented its

Iran's formalization of a new maritime permit regime has pushed global energy logistics to a critical breaking point.

The intensifying war in Iran has split the domestic processing strategies of Asia’s largest oil consumers.