Markets

The global oil market in Feb. is defined by a sharp contrast between immediate geopolitical tensions and long-term bearish fundamentals.

As the global oil market grapples with a persistent surplus that has squeezed upstream drillers and pushed Brent crude prices down by approximately 10% over the last 12 months, US refiners have emerged as the primary beneficiaries.

There are ongoing massive shifts in the 2026 energy landscape in Canada as its producers pivot toward Asian markets to mitigate the

Venezuelan oil flows have undergone a dramatic realignment, following the Jan. 3, 2026, US military capture of Nicolás Maduro.

Following the landmark Feb. 2026 US-India trade pact, Russia's energy-led economy is entering a period of

The global heavy crude landscape is undergoing a structural realignment following the early 2026 US-Venezuela accord, which has triggered a chain reaction across the Pacific.

The global shale sector is undergoing a structural divergence as US basins reach maturity, prompting domestic majors to export their hydraulic fracturing expertise to international frontiers.

The global oil landscape has reached a critical inflection point as of Feb. 6.

The crude oil market experienced a volatile week as geopolitical risk premiums were first erased by diplomatic signals and then reinstated by maritime incidents.

As the global energy market enters the week of Feb. 9, 2026, traders find themselves navigating a