Oil market has had to adapt to many changes
The oil market’s new polymorphism
From crude flows to oil prices, S&P Global Commodity Insights highlights the market’s ability to overcome adversity, albeit with costs involved
The oil market has had to adapt to “epic changes” and anything is possible as to how energy markets will evolve to meet the new challenges, said Dave Ernsberger, head of market reporting and trading solutions at S&P Global Commodity Insights. While US flows to Europe and Russian flows to India have caught the oil market’s attention, Ernsberger pointed to the rise of Latin American crude into Europe and oil flows in Japan, South Korea and China as often overlooked parts of the new dynamics in an interview with Petroleum Economist at the APPEC energy conference in Singapore in September. Dave Ernsberger, S&P Global Commodity Insight
Also in this section
6 December 2024
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
