Markets

The oil market grapples with contrasting views: pessimism alongside analysts maintaining optimism regarding oil prices.

US supermajors forge ahead in key oil basins amidst global energy shifts.

As global political landscapes continue to evolve, the US has reinforced sanctions on Iran and Venezuela, targeting their critical oil sectors.

Recent attacks and counterattacks between Israel and Iran have raised critical questions about the future of regional stability and its impact on global oil markets.

The impending launch of the Trans Mountain Expansion (TMX) pipeline on May 1, 2024, heralds a significant shift in Canada's crude oil trade dynamics and catalyzes a resurgence of investment in the Western Canadian energy sector.

A recent meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ resulted in no change to the group's output policy, emphasizing the need for members who exceeded production quotas to submit compensation plans.

Nigeria's Dangote oil refinery, operational since Jan., is poised to disrupt the global oil and gas market, particularly affecting Europe's refining sector.

Geopolitical Dynamics Shape Oil Trade in the World with China's Record Russian Imports and India's U.S. Oil Surge Amid Sanctions.

A surge in American crude exports is reshaping the dynamics of the global oil market, particularly impacting Europe.

A second shipment of US WTI is en route to Nigeria's Dangote refinery, signaling a strategic move in the global crude oil market.