Markets

As of Jan. 3, 2026, the global energy landscape is undergoing a structural realignment following the U.S. military operation in Venezuela.

As we move into the first half (H1) of 2026, the global oil market is defined by a paradox: a massive structural oversupply (the

As the global energy market enters 1Q. 2026, it faces a structural paradox.

The Trump administration's escalating military and economic actions against Venezuela, including the seizure of a crude oil tanker and renewed sanctions, have reintroduced significant uncertainty into global oil markets.

The potential for a US military intervention in Venezuela poses a significant risk to global crude oil prices, particularly those of heavy crude grades.

Market 101: Uncertainties are key drivers behind the market volatility!

In Nov. 2025, global refiners' profitability has soared to multi-year highs.

The world’s top energy agencies and companies have significantly revised their long-term oil demand forecasts in Nov. 2025, suggesting the energy transition has stalled and fossil fuels will maintain dominance for decades.

The oil market is currently torn between conflicting forces, resulting in high volatility but keeping prices largely range-bound until one side decisively overpowers the other.

The third quarter of 2025 showcased the operational resilience of the world's leading oil and gas majors, as they successfully leveraged robust production growth to mitigate the financial impact of significantly lower year-on-year crude oil prices.