Markets

Since the formal departure of the United Arab Emirates (UAE) on May 1 has fundamentally fractured OPEC's institutional stability, Iraq, the cartel's second-largest producer, now stands at a historic crossroads.

The global energy market witnessed a major downturn during the week of Jun. 22, as geopolitical tensions in the Middle East showed significant signs of easing.

The baseline narrative dominating global energy markets—the orderly normalization of crude flows and a rapid erosion of the geopolitical risk premium—has been violently dismantled.

The North American upstream sector is balancing production gains and regulatory rollbacks against sharp price corrections.

The landscape of Latin American oil is undergoing a dramatic structural transformation, driven by an aggressive political shift in Venezuela and strategic financial desperation in Mexico, the region's state-dominated energy models are being forced to adapt to new geopolitical and corporate realities.

The UK energy sector stands at a critical crossroads as shifting political leadership, punitive taxation, and strict drilling bans trigger a major corporate realignment with international energy majors reevaluating their long-term commitments to the region.

A fragile military and political stabilization is allowing Libya to transform its vast hydrocarbon resources into a critical pillar of alternative global crude supply.

The intersection of fluctuating US regulatory waivers, steep price discounts, and a dramatic surge in ocean freight rates has forced Asian refiners to aggressively overhaul their crude import portfolios.

A profound structural shift is rewriting China's downstream oil economy as the world’s largest crude importer aggressively pulls back from physical waterborne markets.

The Brazilian state-owned energy company has approved a $1.2B final investment decision (FID) to build a dedicated biorefining plant at its 170K b/d Presidente Bernardes (RPBC) refinery in Cubatão, São Paulo.