Global Oil Market
Coverage of Global Oil Market in the Nexus archive.
- DOJ Probing Suspicious Oil Trades Tied To Iran War
The US Department of Justice is investigating suspicious oil trades potentially linked to the Iran war, suggesting possible market manipulation or other illicit activities. The probe aims to uncover if these trades were used to influence global oil prices. Details about the investigation are currently limited.
- Could OPEC break lead to era of energy volatility?
The global oil market is experiencing instability, and OPEC's leadership may be broken, leading to an era of energy volatility. The article questions how unstable the global oil market is. This uncertainty affects the energy sector as a whole.
- California’s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California’s jet fuel supply has fallen to a three-year low, with 2.6m barrels as of 17 April 2025, down from 3.2m barrels in 2023, due to Middle East turmoil disrupting the global oil market. Analysts warn rising fuel prices could lead to canceled flight routes and travel disruptions.