Global Oil Market Weekly Highlights

Analysts warn of rising heavy crude oil prices and refining costs globally, potentially impacting summer shipping and road construction expenses.

The addition of West Texas crude, particularly West Texas Immediate (WTI) Midland, to the grades determining the price of Dated Brent has substantially improved the world's most crucial oil price.

Asian oil buyers are closely monitoring Angola's increasing oil production following its departure from OPEC, anticipating greater supply flexibility amidst Middle Eastern uncertainties.