Oil Market Basics
A practical introduction to crude oil, products, benchmarks, and the global value chain.
Open lessonStructured learning paths for readers new to oil and energy markets.
A practical introduction to crude oil, products, benchmarks, and the global value chain.
Open lessonUnderstand production, inventories, consumption, spare capacity, and market balancing.
Open lessonCompare two widely followed crude oil benchmarks and the regions they represent.
Open lessonFollow crude oil through distillation, conversion, blending, and finished products.
Open lessonLearn how pipelines, tankers, terminals, and inventories connect producers with users.
Open lessonExplore how disruptions, chokepoints, sanctions, and policy can affect physical flows.
Open lessonA guide to inventories, rig counts, refinery runs, import-export flows, and demand estimates.
Open lessonExamine efficiency, electrification, emissions, petrochemicals, and evolving demand.
Open lessonWhy commodity markets move quickly and why educational analysis is not a prediction.
Open lessonDiscover gasoline, diesel, jet fuel, LPG, naphtha, lubricants, and petrochemical feedstocks.
Open lessonLearn how investment, capacity, demand, and inventories interact over long periods.
Open lessonA practical method for checking sources, dates, incentives, and regulatory claims.
Open lesson