Markets

The Trans Mountain Expansion (TMX) pipeline is poised to significantly enhance Canada’s crude oil export capabilities, with Gibson Energy announcing an increase in storage capacity by 870K bbl. in the fourth quarter.

The global oil supply landscape is marked by a complex interplay of forecasts that highlight both potential surpluses and looming crises.

Asian Refiners Face Challenges Ahead Considering Mideast Tensions, Reducing Iranian Oil Exports, and Venezuelan Turmoil.

The global oil market must navigate between geopolitical tensions and supply-demand dynamics.

US biofuel producer Vertex Energy filed for Chapter 11 bankruptcy after enduring significant operational and financial challenges.

European refiners are exploring alternative crude supplies in response to disruptions in Libya as Germany boosts its imports of Kazakh oil.

OPEC+ has extended its production cuts of 2.2MM b/d until at least Dec. 2024, aiming to stabilize oil prices and manage market dynamics.

Recent fluctuations in oil prices highlight a turbulent period for the global oil market, driven by a complex mix of economic, geopolitical, and policy-related factors.

Libya’s recent halt in crude oil production, driven by political disputes between the eastern Benghazi-based administration and the Tripoli-based government, has far-reaching implications for global oil markets, European refiners, and petrochemical production.

Canada's expanded Trans Mountain pipeline and new emissions cap both have substantial implications for US refineries, affecting both short-term operations and long-term crude supply dynamics.