Understand the market
Benchmarks, fundamentals and context.
Oil markets · Infrastructure · Intelligence
A clearer perspective
on the world of oil.
Understand the market. Connect the supply chain. Explore the economics behind every barrel.
Independent research & planning concept
Follow the physical flow
Production, transport and refining.
Test the assumptions
Transparent, practical scenario tools.
A connected industry view
From market signals
to physical realities.
Oil is a global market built on local constraints. Start with the relationships that move supply, shape prices and influence decisions.
More than a headline price.
Learn how benchmarks, crude quality and location influence a barrel’s commercial value.
Explore oil markets →The journey matters.
Follow oil through production, pipelines, storage, shipping and refining. See where constraints can emerge.
Follow the supply chain →Keep the source in sight.
Read concise research notes with official references, dates and clear distinctions between facts and assumptions.
Read the research →The crude cost planner
Put a number
on your scenario.
Explore how a benchmark assumption, grade differential, freight and storage affect an illustrative cargo’s landed cost.
Build your scenario →Your inputs. Visible formulas. No live prices or trading recommendations.
Illustrative scenario · USD / barrel
Benchmark assumption$75.00
Grade differential−$2.00
Freight + handling$3.50
Storage · 15 days × $0.04$0.60
Illustrative landed cost$77.10
Example assumptions only. Excludes tax, financing, losses and other costs.
Research desk
Context for a complex market.
Read the balance, then the risks.
The IEA’s November report examines demand, supply and refinery activity. Its outlook remains conditional on the assumptions in that edition.
Source: IEA · Oil Market Report, November 2026 →Why barrels differ.
Quality and delivery location help explain why crude grades do not all trade at the same price.
Source: EIA · Oil prices and outlook →Refining connects supply to use.
Refineries turn crude into a range of products. Understanding that conversion helps connect crude flows with end markets.
Source: EIA · Refining crude oil →The oil ecosystem
One industry. Many connected roles.
Produce
Fields, wells and production systems bring crude to market.
Move & store
Pipelines, terminals and tankers connect regions and delivery points.
Refine
Refineries transform crude into fuels and other products.
Understand
Public agencies and commercial specialists provide different kinds of evidence.