Markets

The global refined products market is experiencing significant shifts driven by sanctions on Russian and Venezuelan oil, resulting in a record surge of fuel oil imports into the US Gulf Coast (USGC) and a historic increase in Indian diesel exports to Europe.

Despite pervasive forecasts of an oil glut leading to a price crash, benchmark oil prices have remained remarkably stable, refuting the

There is no better illustration of the US oil sector's global relevance than its strong export performance.

The global refining sector is in the midst of a revolution, moving decisively away from a century-old model focused on fuel production.

In Sep. 2025,  bp, Eni, TotalEnergies, and others announced significant investments in oil and gas projects across Africa and the Middle East, showcasing their strategy of balancing profitable fossil fuel operations with the long-term imperative of sustainability.

Big Oil and Big Finance face a reality check as political and economic headwinds slow energy transition.

US President Donald Trump has decided to delay raising tariffs on Chinese goods, despite China’s continued purchases of Russian oil.

The widely anticipated meeting between Donald Trump and Vladimir Putin in Alaska ended without a definitive agreement to halt the war in Ukraine, a key goal for the US president.

The global oil market is currently in a state of flux, influenced by a complex interplay of geopolitical pressures, supply decisions from major producers, and evolving economic forecasts

Asian refiners are increasingly turning to US crude, particularly West Texas Intermediate (WTI), as Middle Eastern crude prices rise due to strong demand and reduced shipments of key grades like Murban.