Markets

Heavy Crude Market Shifts due to Shrinking Canadian Discounts and Venezuelan Supply Disruptions according to RBN Energy.

OPEC+ producers, Saudi Arabia, Iraq, and Qatar, lower Asian crude prices amid supply increase and market competition.

The US Trump administration's engagement with Saudi Arabia and Russia is reshaping the oil market, aiming for lower prices and geopolitical alignment.

The global oil market has seen volatility in early 2025 due to a mix of geopolitical tensions, economic concerns, and fluctuating supply-demand dynamics.

In Europe, the pursuit of energy security often clashes with environmental sustainability in the exploration and production (E&P) sector.

Artificial intelligence (AI) is revolutionizing the petroleum industry, driving both profitability and sustainability during the energy transition.

A potential 10% tariff on Canadian crude oil imports into the US poses a complex challenge for US refineries, with varying impacts depending on refinery location, configuration, and access to alternative crude supplies.

On Jan. 20, 2025, President Donald Trump issued an executive order declaring a national energy emergency aimed at boosting US fossil fuel production and infrastructure.

The recent imposition of US sanctions on Russian oil producers and their tanker fleet has caused significant disruptions in global oil markets, particularly for Asian refiners.

The French energy giant is expanding global operations with new drilling in Suriname and a major project in Iraq.