Markets

The US has imposed extensive sanctions on a significant shipping network controlled by Mohammad Hossein Shamkhani, son of a top Iranian political adviser, in what the Treasury Department described as its

Brazilian crude oil exports to the US face a significant threat from pending 50% US tariffs, which could increase the cost of Brazilian grades by more than $30/bbl.

The latest EU crackdowns on Russia's energy industry are expected to have a limited immediate impact on China's purchases of Russian crude, according to trading, refining, and shipping sources

Saudi Arabia's state-owned firm is set to increase its crude oil prices for Aug., despite OPEC+'s recent decision to raise overall supply by more than anticipated.

The global oil market is witnessing dynamic shifts in supply and demand, characterized by Saudi Arabia's increased crude exports to China and a broader diversification strategy by Asian refiners.

The escalating Israel-Iran conflict has prompted India and Pakistan to prepare for potential oil supply disruptions, particularly through the crucial Strait of Hormuz, which handles over 20 MM b/d of crude.

Total crude oil exports from the US Gulf Coast (USGC) in May 2025 dropped to 3.46 MM b/d, marking the lowest monthly volume since Jan. 2023 and continuing a broader downtrend observed in recent months

The European Union has abandoned its proposal to lower the price cap on Russian oil from the current $60/b to $45.

India's strategy to diversify its crude import basket with more non-OPEC crudes will not significantly impact its long-term contracts with Middle Eastern suppliers.

US energy commodity imports to Asia experienced a decline over the first five months of the year, despite efforts by the US administration to leverage these exports to reduce trade surpluses with Asian nations.