OIL MARKETS BRIEFING

Benchmarking: Chinese Consumption, Russian Exports Shape 2023 Narrative

The 2023 global oil market forecast extends the volatility that began with the pandemic, and adds China's consumption, Russian exports and a natural gas crisis.

Tue, Jan 31, 2023

Iraq's Output Flat Despite Strong Demand in Europe

Opec’s second-largest producer is finding solid demand in Europe for its main export grade as a replacement for displaced Russian crude.

Fri, Jan 27, 2023

OIL MARKETS BRIEFING

Upstream Tracker: Americas Leads World in New Oil Capacity

Over the next five years some two-thirds of new crude oil production capacity will originate in countries not aligned with Opec-plus.

Wed, Jan 18, 2023

OIL MARKETS BRIEFING

Russian Exports: Great Migration of Crude, Products Is Under Way

Russia’s oil exports in December sunk to a 16-month low, while those of petroleum products touched a 10-month high.

Thu, Jan 12, 2023

OIL MARKETS BRIEFING

Opec-Plus: December Output Notches Slight Gain

The 38.1 million b/d produced last month by the 19 Opec-plus countries with a quota was 2 million b/d short of the alliance’s collective target.

Tue, Jan 10, 2023

OIL MARKETS BRIEFING

Sluggish North Sea Trade Shows Need to Balance Slate

The trading cycle for March-loading barrels of North Sea crude is off to a sluggish start.

Wed, Jan 4, 2023

OIL MARKETS BRIEFING

SPR Sales Keep US on Track as Large Net Exporter

The US is solidifying its position as a net exporter of oil — last year thanks to SPR sales and in 2023 due to rising output.

Tue, Jan 3, 2023

OIL MARKETS BRIEFING

Benchmarking: Forecasts See More Demand Than Supply in 2023

Arriving at a global oil balance is always tricky, but for now consensus agrees that demand growth will outpace that of supply in 2023.

Wed, Dec 28, 2022

OIL MARKETS BRIEFING

West African Crude Trade Slows Ahead of Christmas

The West African crude market faces mixed portents ahead of February trade.

Thu, Dec 22, 2022

OIL MARKETS BRIEFING

Basrah Exports Fall, But Iraq Eyes Capacity Fix

Baghdad is hoping to hike its export capacity in the second half of 2023.

Mon, Dec 19, 2022

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