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Oil Context Weekly (W47)
Crude prices eased on broader market pullback and concerns that US-proposed Ukraine peace deal removes key remaining bullish market support; diesel…
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Rory Johnston
[PUBLIC] Rethinking the Role of the Strategic Petroleum Reserve
Repost of our second contribution to Dispatch Energy on how the US can and should leverage the SPR more strategically in this era of American energy…
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Rory Johnston
Oil Context Weekly (W46)
Ukrainian attack on major Russian oil port shocks oil market back to life just as WTI was on the edge of prompt contango.
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Rory Johnston
OPEC+ Data Deck (November 2025)
Official OPEC crude production slowed, according to official statistics, in line with the deceleration in monthly Great 8 quota increases, while…
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Rory Johnston
Oil Context Weekly (W45)
Crude prices fell, weighed down by both fundamental pressure and a broader equity market pullback; futures curves have resumed their descent toward…
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Rory Johnston
North American Oil Data Deck (November 2025)
One more record production month for North America in August, with continental liquids output topping 31 MMbpd, while demand eased modestly across all…
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Rory Johnston
Canada’s Zombie Pipeline
Like a zombie, Keystone XL just won’t die; the pipeline is simply too symbolically important to ‘rest in peace’, but even in theory it’s a mixed bag for…
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Rory Johnston

October 2025

Oil Context Weekly (W44)
Oil prices pull back from initial Russia sanctions shock as concerns wane, and term structure slumps despite gargantuan US stock draw.
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Rory Johnston
Oil Context Weekly (W43)
Crude prices and term structure rise from the dead 🧟 on the back of surprisingly harsh US sanctions on Russian oil that threaten to dramatically…
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Rory Johnston
Global Oil Data Deck (October 2025)
Oil markets continued softening through August and supply surpluses returned in full force as a summer demand boost receded and OPEC+-fueled supply…
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Rory Johnston
[FREE] The Coming Oil Glut
Repost of a new public report series we are contributing to the Dispatch Energy.
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Rory Johnston
Oil Context Weekly (W42)
Crude prices fall, the curve sinks deeper toward full contango, and forward oversupply estimates grow while broader risk sentiment remains under…
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Rory Johnston
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