Highlights

• World oil demand growth is forecast to increase by 700 kb/d in 2025, its lowest rate since 2009, with the exception of the 2020 Covid year. Annual growth eased from 1.1 mb/d in 1Q25 to just 550 kb/d in 2Q25,

Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump’s trade policies and

Middle East crude benchmark spot premiums rallied on Monday, with that of Dubai and Murban hitting about one-week highs, supported

Asia’s middle distillates physical markets were thinly discussed on the spot trading window on Monday, with refiner sales picking up

Oil prices rose on Monday and reached their highest level in three weeks, as investors eyed further U.S. sanctions on

Energy – Oil holds onto gains ahead of Trump statement
Oil prices managed to move higher on Friday, with Brent

The European Commission proposed a floating price cap on Russian oil of 15% below the average market price of crude

Higher crude imports by China and expectations around U.S. President Donald Trump’s announcement on Russia are supporting prices, UBS analyst

OPEC+ surprises with larger-than-expected supply hike
The oil market has had a volatile month due to developments in the Middle East. ICE Brent briefly traded above US$80/bbl following US strikes on Iranian nuclear facilities. The move, which followed Israeli strikes

Asian spot liquefied natural gas (LNG) prices edged higher this week as a heatwave in Japan and North Korea spurred