A Balancing Act: Unpacking Global Crude Oil Market Dynamics

From the transition pathways for crude to exploration activities and capital expenditures, this episode highlights the intricate balance defining the global crude oil market in 2024. Hosted by Nicole Ronsky, with Sproule guests Christoffer Mylde, SVP Corporate Development and Alastair Murray, Energy Advisory Analyst, we discuss the volatility witnessed in 2023 as a critical foundation to understand the shifts in demand, supply, and geopolitical factors driving the energy markets. OPEC's strategic maneuvers are set against the backdrop of US Light Tight Oil (LTO) production we analyze how these dynamics influence the broader energy landscape. We further explore the repercussions of Canadian differentials following the Trans Mountain Expansion (TMX) project, assessing their impact on market trends and industry stakeholders.