Rephonic
Artwork for Oil Markets
US Oil Production
China
S&P Global Commodity Insights
Diesel
OPEC+
India
Venezuela
Saudi Arabia
Red Sea
Panama Canal
Asian Oil Supplies
Refined Products Exports
Crude Oil Imports
OPEC
Brazil
Guyana
Red Sea Crisis
Suez Canal
Mediterranean
Crude Oil Production

S&P Global Commodity Insights analysis of key oil price movements across the globe.

PublishesWeeklyEpisodes512Founded9 years ago
Number of ListenersCategories
BusinessNewsInvestingBusiness News

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Artwork for Oil Markets

Latest Episodes

As traffic inches back through the Strait of Hormuz, oil and product flows remain constrained, sending buyers scrambling to replace Middle East barrels and lock in reliable diesel supply. With nearly 6 million b/d of Middle East refining capacity at ... more

As the conflict in the Middle East has raised the specter of global fuel shortages, Nigeria's new Dangote refinery has attracted growing attention as an alternative supplier. After starting up in 2024, the refinery reached its initial 650,000 b/d cap... more

From CERAWEEK 2026 in Houston, host Jeff Mower, Director of Americas Oil News, is joined by Senior Upstream Editor Ashok Dutta, oil news editor Binish Azhar, and oil policy reporter Eamonn Brennan to break down the conference's energy security focus.... more

Tensions between US-Israel and Iran are disrupting flows in the Strait of Hormuz, forcing Asia's LPG market to manage surging prices and shifting optimization to urgent supply management. With Middle East shipments threatened, especially for India an... more

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Recent Guests

Banish Azhar
Sierra Week oil reporting team member
S&P Global Energy
Episode: CERAWEEK 2026: With Hormuz shut, who fills the gap?
Ayman Brennan
Sierra Week oil reporting team member
S&P Global Energy
Episode: CERAWEEK 2026: With Hormuz shut, who fills the gap?
Ashok Dutta
Sierra Week oil reporting team member
S&P Global Energy
Episode: CERAWEEK 2026: With Hormuz shut, who fills the gap?
Aruni Sunil
Jet fuel market analyst
S&P Global Platts
Episode: Europe's jet fuel prices rally to record highs on Persian Gulf shut-in
Patrick McAllister
Oil market strategist focused on cross-market dynamics
S&P Global Platts
Episode: Europe's jet fuel prices rally to record highs on Persian Gulf shut-in
Janet McGurty
Senior Refining Editor
S&P Global Energy
Episode: War, Hormuz and the Fuel Price Shock
Ben Peyton
Senior Refined Products Prize Reporter
S&P Global Energy
Episode: War, Hormuz and the Fuel Price Shock
Laura Huchzermeyer
Senior Refined Products Prize Reporter
S&P Global Energy
Episode: War, Hormuz and the Fuel Price Shock
Benjamin Tang
Head of Liquid Bulk at S&P Global Commodities at Sea
S&P Global Commodities at Sea
Episode: Asian refiners weigh impact on crude flows from geopolitical developments

Hosts

Jeff Mower
Director of Americas Oil News, providing insights into oil market trends.
Gary Clark
Host of discussions regarding oil market shifts and refiners' responses.

Reviews

4.5 out of 5 stars from 105 ratings
  • Good but boring

    Amazing content. Quality and depth. But you will struggle to stay awake. MORE ENERGY GUYS!!!!

    Apple Podcasts
    4
    Efejot27
    United States6 months ago
  • Opinion

    Good interviews

    Apple Podcasts
    4
    gustavo106
    Brazil4 years ago
  • Please Improve Sound Quality

    Please please please fix and improve your sound quality. The information is extremely valuable but is very difficult to follow due to the sound quality.

    Apple Podcasts
    4
    JGauthier22
    United States6 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners appreciate the depth and quality of insights provided on oil market trends.
There are suggestions to improve sound quality, emphasizing the valuable information despite technical difficulties.
Feedback indicates a strong interest in the content but notes a need for more engaging energy during discussions.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Asian refiners weigh impact on crude flows from geopolitical developments
Q: Finally, what could shape 2026 for Russian oil flows to India and the broader region?
Russian flows to India have declined due to sanctions and EU export rules, but India remains open to opportunistic imports if economics align; the market is likely to see continued diversification toward Middle Eastern and West African grades while remaining vigilant to geopolitics.
Asian refiners weigh impact on crude flows from geopolitical developments
Q: What are the possible scenarios for Venezuelan crude flows to China, given policy shifts and sanctions?
China has been a major buyer of Venezuelan crude, but recent US restrictions and the discount on sanction-laden barrels reduce attractiveness; expect China to turn to alternative suppliers, with only limited Venezuelan loadings likely to China going forward.
Asian refiners weigh impact on crude flows from geopolitical developments
Q: How is the evolving oil shipping scenario affecting the market, particularly with shadow fleets and sanctions enforcement?
There are about 1200 sanctioned tankers under OFAC, EU, and UK regimes, but when you include sanctioned or sensitive cargoes, total sanctioned-related movements rise; seizures of sanctioned vessels are becoming more regular, and disruptions to the white fleet and longer voyage distances add risk premiums.
Asian refiners weigh impact on crude flows from geopolitical developments
Q: Welcome all. Ben, can you highlight some of the key global trends that we are witnessing?
Geopolitical uncertainties are creating an oil risk premium; major factors include the Russia-Ukraine conflict, US actions in Venezuela, and unrest in Iran, with Brent-like price pressures moving from the low $60s to the low $70s in early 2026.
Dissecting the oil market headlines from London's IE Week
Q: Gary, are you seeing any impacts on the refined products markets of these geopolitical events?
Yes, the NAPTHA market could be impacted with NAPTHA going to Venezuela.

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Frequently Asked Questions About Oil Markets

What is Oil Markets about and what kind of topics does it cover?

Key discussions revolve around the dynamics of the global oil market, with a strong emphasis on geopolitical influences and the economics of oil trading. Notable topics explored include the impacts of sanctions, fluctuating crude prices, and the evolving landscape of oil supply and demand, particularly in relation to countries such as Venezuela, the U.S., and those in Europe. Episodes often feature expert analyses of significant events like the U.S.-Iran tensions and EU sanctions on Russian oil, providing insights into the implications for pricing and market behaviors. The content is particularly valuable for industry professionals who are seeking to understand the complexities of oil trading and the factors driving price movements in a rap... more

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Which podcasts are similar to Oil Markets?

These podcasts share a similar audience with Oil Markets:

1. Oil and Gas This Week
2. The HC Commodities Podcast
3. Oil Ground Up
4. At Any Rate
5. Columbia Energy Exchange

How many episodes of Oil Markets are there?

Oil Markets launched 9 years ago and published 512 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Oil Markets?

Recent guests on Oil Markets include:

1. Banish Azhar
2. Ayman Brennan
3. Ashok Dutta
4. Aruni Sunil
5. Patrick McAllister
6. Janet McGurty
7. Ben Peyton
8. Laura Huchzermeyer

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