Commodity Context
Subscribe
Sign in
Home
Oil Context Weekly
Data Decks
Thematic Research
About
Latest
Top
Discussions
Beijing’s Long-Term Oil Problem
Perceptions of China’s structural foreign fuel dependence are driving both the oil market’s biggest support (SPR buying) and heaviest drag (from…
4 hrs ago
•
Rory Johnston
11
Oil Context Weekly (W40)
Crude cratered >$5/bbl, reversing last week’s strongest rally in months with the biggest rout in as long; visible exports are surging and OPEC denied…
Oct 3
•
Rory Johnston
16
North American Oil Data Deck (October 2025)
Another continental production record in July as both US shale & Canada’s oil sands reset fresh highs while demand was boosted by petrochemicals in the…
Oct 1
•
Rory Johnston
13
September 2025
Oil Context Weekly (W39)
Mounting geopolitical risk and renewed Russian supply concerns collide with overstretched bearish positioning to spark largest weekly crude price rally…
Sep 26
•
Rory Johnston
25
Global Oil Data Deck (September 2025)
Oil market balances counter-seasonally weakened into July and markets flipped back into a small, abnormal summer surplus as production continues to grow…
Sep 23
•
Rory Johnston
26
Oil Context Weekly (W38)
Crude prices fall despite an early-week rally on Russian supply concerns, while Brent term structure begins to improve and refined product margins…
Sep 19
•
Rory Johnston
14
Oil Context Weekly (W37)
Crude prices rise despite generally weaker term structure amidst deeply oversold speculative positioning likely headed higher again following a flurry…
Sep 12
•
Rory Johnston
15
OPEC+ Data Deck (September 2025)
Official OPEC production data indicates further output increases in line with accelerated cut unwind—though implied production estimates marked a…
Sep 11
•
Rory Johnston
18
Why Aren’t Oil Prices Weaker?
Chinese counter-economic stock-building and sanctions-related seaborne logistical woes are absorbing the arrival of surplus supply—at least for now.
Sep 9
•
Rory Johnston
20
Oil Context Weekly (W36)
Crude prices fall and futures curves sink as OPEC mulls further production hikes faster than expected while refined product market fortunes improve on a…
Sep 5
•
Rory Johnston
22
North American Oil Data Deck (September 2025)
Continental production bounced back in June on fresh record-high US crude output and a rebound in Canada’s oil sands while demand also saw exceptional…
Sep 3
•
Rory Johnston
20
August 2025
Oil Context Weekly (W35)
Crude prices post small gain through final week of summer while diesel slipped into prompt contango for the first time this year and gasoline posted a…
Aug 29
•
Rory Johnston
26
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts
