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Oil Context Weekly (W34)
Crude prices gained through the latter half of the week amidst escalating attacks on Russian energy infrastructure and a paring back of some speculative…
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Rory Johnston
Global Oil Data Deck (August 2025)
Oil markets flipped back into deficit in June alongside fresh all-time high summer demand, but supply growth continues to outstrip demand on the year…
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Rory Johnston
NEW: Oil Market Positioning Data Deck
A new report decomposing and contextualizing petroleum market positioning highlights, adding further texture to paper market realities beyond oil's…
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Rory Johnston
Oil Context Weekly (W33)
Crude prices sank lower amidst bearish forecasts as market awaits outcome of Trump-Putin deal, though downside pressure driven by heavy speculative…
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Rory Johnston
OPEC+ Data Deck (August 2025)
OPEC+ crude output continued to rise in July, though gains continue to accumulate more slowly than do quota hikes.
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Rory Johnston
Oil Context Weekly (W32)
Crude prices pulled back to their weakest level in months as US policy disposition—both tariffs and sanctions—shifts from supply-side tailwind to…
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Rory Johnston
North American Oil Data Deck (August 2025)
Continental production fell in May on Canadian oil sands maintenance and wildfire shut-ins, while US gasoline demand weakness—compared to very strong…
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Rory Johnston
Oil Context Weekly (W31)
Crude prices rose on sanctions risks before collapsing again on tariffs risk and weak economic data, while backwardation strengthened more durably and…
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Rory Johnston

July 2025

Producing Canadian Supply
How barrels produced in Canada are blended and transformed into the hydrocarbon supply mix that actually hits the North American oil market.
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Rory Johnston
Oil Context Weekly (W30)
Crude prices grinded lower amidst a second consecutive week of term structure weakening, yet more trade policy headline ping pong, and a move by the…
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Rory Johnston
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Global Oil Data Deck (July 2025)
Oil markets tightened in May despite notable stateside demand weakness while June looks caught between strengthening Chinese demand and the realization…
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Rory Johnston
Oil Context Weekly (W29)
Crude prices and term structure weakened despite a spate of drone attacks on Iraqi Kurdish oilfields and the latest round of EU sanctions against…
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Rory Johnston
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