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Oil Markets

S&P Global Commodity Insights analysis of key oil price movements across the globe.

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Asian refiners look for answers in petrochemicals as EVs threaten transport fuels' future

Asian refiners look for answers in petrochemicals as EVs threaten transport fuels' future

Refiners in Asia are crafting out expansion strategies and pumping billions of dollars to diversify their portfolio an... Read more

27 Jul 2023

18mins

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Nigeria: Another force majeure at Forcados?

Nigeria: Another force majeure at Forcados?

Nigeria, Africa's largest crude oil producer, is struggling to keep oil flowing amid leaks at the Forcados oil terminal ... Read more

20 Jul 2023

11mins

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A perfect storm in the USGC buoys Americas sour crudes

A perfect storm in the USGC buoys Americas sour crudes

North American heavy and sour crude price differentials have reached multiyear highs in recent weeks. These are prices t... Read more

13 Jul 2023

13mins

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The dire consequences of falling Rhine water levels on refined oil products

The dire consequences of falling Rhine water levels on refined oil products

Europe is bracing for challenges this summer as its main waterway experiences lower-than-usual rainfall. The Rhine is dr... Read more

6 Jul 2023

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What's in store for US refined products and distillates this summer?

What's in store for US refined products and distillates this summer?

Summer travel season is upon us, so what's the outlook for fuel demand in the Americas for the coming months? Naphtha, a... Read more

29 Jun 2023

16mins

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As Asian crude import mix evolves, how relevant are OPEC’s cuts still?

As Asian crude import mix evolves, how relevant are OPEC’s cuts still?

OPEC’s kingpin Saudi Arabia has slashed its crude output by a further 1 million b/d in July, bringing the alliance’s t... Read more

22 Jun 2023

15mins

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Exploring Europe's shifting trade patterns amid the Russia-Ukraine war

Exploring Europe's shifting trade patterns amid the Russia-Ukraine war

The war in Ukraine has created a new set of trade flows, as many buyers look to avoid Russian commodities. What are Euro... Read more

15 Jun 2023

13mins

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The cost of wildfires and inflation on Canadian crude production

The cost of wildfires and inflation on Canadian crude production

Canada's crude production has been reduced in recent weeks by wildfires in Alberta, tightening price discounts for some ... Read more

8 Jun 2023

12mins

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Dark ship-to-ship transfers keep Russian oil flowing despite sanctions

Dark ship-to-ship transfers keep Russian oil flowing despite sanctions

More and more ships are turning off their transponders in the Black Sea in risky but lucrative trades. Deep discounts on... Read more

1 Jun 2023

20mins

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From Russia to Asia - oil's new map may prompt policy rethink by OPEC+

From Russia to Asia - oil's new map may prompt policy rethink by OPEC+

As Asian oil demand recovery shows signs of sustaining the strong momentum, there were two key questions that's keepin... Read more

26 May 2023

18mins

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