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
4 October 2024
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
