Sanctions, tariffs and shifting trade flows: a look at global oil markets in 2026

Sweeping changes to crude and product flows following sanctions and tariffs, shipping disruptions and questions surrounding China's demand outlook—oil markets have seen it all in 2025. The year was also a mixed bag for oil investments across the globe amid accelerated push towards clean energy and rising EV usage, while some regions also unveiled concrete plans on refinery expansions. In this special episode of Platts Oil Markets Podcast, Sambit Mohanty , Asia energy editor, John Morley , global director for crude oil, Francesco Di Salvo , global director for refined products, and Jeff Mower , head of Americas oil news, look back at the key drivers for oil markets in 2025 and the themes that are likely to spill over and remain in the spotlight in 2026.

You can listen to Sanctions, tariffs and shifting trade flows: a look at global oil markets in 2026 online on Radio and Podcast. Open the player on this page to stream the available audio.

Sanctions, tariffs and shifting trade flows: a look at global oil markets in 2026 is an episode from Oil Markets by S&P Global Commodity Insights.

This episode is 27:33 long.

This episode was published on Dec 12, 2025.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Oil Markets when more episodes are available from the podcast feed.