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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
