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