Energies
Energy commodities — such as crude oil, natural gas, heating oil, gasoline, and electricity — play a central role in the global economy. Their prices reflect a constant interplay of supply–demand, logistics, policy, and geopolitics. For traders, this creates active markets with deep liquidity and frequent catalysts.
World Daily Oil Consumption (M bbl/day)
Estimated Proven Oil Reserves (B bbl)
Energy Products Trading
Regional Balances
Pipeline capacity, LNG flows, and weather drive pronounced seasonal volatility.
What is Petroleum
Petroleum (crude oil) is a fossil fuel formed over millions of years from organic matter subjected to heat and pressure. It is a mixture of hydrocarbons found in reservoirs beneath the earth’s surface. After extraction and refining, petroleum is transformed into fuels and petrochemicals used across transport, industry, and households.
- Origins: Hydrocarbons formed from ancient organic matter under heat and pressure.
- Extraction: Located in subsurface reservoirs; produced via wells and enhanced recovery.
- Refining: Fractional distillation yields products like gasoline, diesel, jet fuel, and feedstocks.
Oil Demands
What Influences the Oil Market Price
Primary Drivers
- OPEC+ policy and coordinated production targets
- Geopolitical events affecting supply routes and risk premia
- Supply chain and logistics (pipelines, shipping, storage)
Additional Considerations
- Energy transition and renewables influencing long‑term demand
- Currency strength (USD) affecting globally priced contracts
- Weather and natural disasters impacting production and transport