Markets

The Asian crude market is caught between the rising cost of transporting US oil and the strategic push by Asian buyers to reduce reliance on the Middle East, even as cheaper Middle Eastern benchmarks make the long-haul US route increasingly uneconomical.

The global energy and geopolitical landscape is being reshaped by intensified pressure from the US and escalating military conflict.

A major, two-and-a-half-year supply disruption in the global oil market has ended, with Iraq, the Kurdistan Regional Government (KRG), and Turkey agreeing to resume oil exports via the Iraq-Turkey pipeline starting on Sat., Sep. 27.

Iran is escalating its oil sanctions evasion through a proposed Iraq-Oman pipeline deal, which analysts fear will offer a new route to disguise and export crude to China.

The US is pressuring India to abandon its purchase of discounted Russian oil, making it a prerequisite for securing a vital trade deal.

US President Donald Trump has called for

With the expansion of the Trans Mountain (TMX) pipeline, crude exports from Canada's Pacific Coast have surged, with China emerging as a key beneficiary.

The Trump Administration's

The US, led by the Trump Administration and Treasury Secretary Scott Bessent, is pushing for aggressive new measures to

The APPEC conference in Singapore, hosted by S&P Global Commodity Insights, focused on a range of challenges for Asia's energy sector.