Commodity Context
Subscribe
Sign in
Home
Archive
About
New
Top
Discussion
Oil Context Weekly (W21)
Crude prices finally showed some independence following Saudi “ouching” comment only to fall back into the macro vortex to end the week; meanwhile…
May 26
•
Rory Johnston
17
Share this post
Oil Context Weekly (W21)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Following The OPEC Barrels
OPEC+'s latest surprise “voluntary” cut looks far more likely to actually reduce supplies vs October “papercut” effort—but stop overreading incredibly…
May 25
•
Rory Johnston
12
1
Share this post
Following The OPEC Barrels
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Oil Context Weekly (W20)
Crude prices posted their first weekly gain in more than a month on easing US debt ceiling concerns and despite key calendar spreads that continue to…
May 19
•
Rory Johnston
21
1
Share this post
Oil Context Weekly (W20)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Global Oil Data Deck (May ‘23)
Global oil market balances in March slipped into their deepest deficit since last June on the back of Russia's production pullback and surging Chinese…
May 18
•
Rory Johnston
16
Share this post
Global Oil Data Deck (May ‘23)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Quick Context: SPR Refill—Take Two
Washington is back in the crude-buying game with a plan to purchase 3 MMbbl for August delivery; latest solicitation boasts improvements over December…
May 16
•
Rory Johnston
20
1
Share this post
Quick Context: SPR Refill—Take Two
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Oil Context Weekly (W19)
Crude prices fall $1/bbl alongside easing equities and a rallying US dollar; the macro vortex of doom remains well-entrenched, now fueled by the…
May 12
•
Rory Johnston
14
Share this post
Oil Context Weekly (W19)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Dour but Differentiated Demand
Global oil consumption growth has slowed to a near-flatline, but product-level trends highlight the schism between flagging industrial demand and…
May 11
•
Rory Johnston
17
Share this post
Dour but Differentiated Demand
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Oil Context Weekly (W18)
Calamitous week for oil drags WTI prices down more than $10/bbl at their worst in yet another macro and banking panic driven speculative washout, though…
May 5
•
Rory Johnston
17
Share this post
Oil Context Weekly (W18)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
North American Oil Data Deck (May ‘23)
Continental liquids production rose back to near all-time highs in February; initial North American product-level petroleum demand estimates have been…
May 4
•
Rory Johnston
13
1
Share this post
North American Oil Data Deck (May ‘23)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
April 2023
Oil Context Weekly (W17)
Crude prices ease ~$2/bbl on a combination of renewed macro concerns, technical factors, and speculative selling—or maybe it’s just the same 5-month-old…
Apr 28
•
Rory Johnston
17
Share this post
Oil Context Weekly (W17)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
China’s Oil Trade Tailwinds
Chinese oil imports are up 3.5 MMbpd vs last year’s lows and provide the clearest read on strengthening domestic demand.
Apr 27
•
Rory Johnston
21
Share this post
China’s Oil Trade Tailwinds
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
Oil Context Weekly (W16)
Crude prices fell nearly $5/bbl this week as the barrel depressingly embarked upon yet another round of the same stubborn range trade in which we’ve…
Apr 21
•
Rory Johnston
18
Share this post
Oil Context Weekly (W16)
www.commoditycontext.com
Copy link
Linkedin
Facebook
Email
Notes
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts