Future Is Here

Changing oiloil flows are one of the main factors shaping global and regional benchmarks. The two major shift which begun in the 1990s are still at work and likely to continue for quite some time: Diminishing demand from developed to developing countries, especially ‘East of Suez’ and Africa and a large increase in light oil and gas production in the Americas. The consequences are the growing importance of Asian and US crude oil benchmarks in the global oil market.