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Oil & Iran War Context Weekly (W21)
Crude prices sink once more on renewed Iran War negotiation optimism, though major diplomatic hurdles remain and the oil market continues to hemorrhage…
May 22
•
Rory Johnston
47
1
Chinese Demand Destruction or Strategic Supply?
Despite a ~40% collapse in Chinese crude imports, data point to massive Chinese market support in the form of heavy SPR releases (both crude and refined…
May 21
•
Rory Johnston
78
1
6
Oil & Iran War Context Weekly (W20)
Crude prices rise back toward $110 and term structure firms again as US-Iran talks stall out and Trump’s trip to China fails to yield any meaningful…
May 15
•
Rory Johnston
45
1
OPEC+ Data Deck (May 2026)
Crude output slips further to fresh 35-year low for OPEC as the full impact of Hormuz-necessitated wellhead shut-ins hit the tape, and the UAE departs…
May 13
•
Rory Johnston
38
Oil & Iran War Context Weekly (W19)
Crude prices pull back, once again, on hopes of a diplomatic resolution to the Hormuz stoppage despite a resurgence of violence to levels not seen since…
May 8
•
Rory Johnston
47
1
North American Oil Data Deck (May 2026)
Continental production jumped back to life in February from winter storm-depressed January levels while stateside product demand surged to the strongest…
May 7
•
Rory Johnston
46
Context Call: May 2026 (Video)
Understanding the Sanguine Strait Stoppage after more than 2 months with Hormuz closed and more than a billion barrels guaranteed already lost.
May 6
•
Rory Johnston
25
1
1:19:51
Oil & Iran War Context Weekly (W18)
Crude prices climb amidst ongoing deadlocked diplomacy, the third month of the Iran War, breaching the billion lost barrel threshold, and the UAE…
May 1
•
Rory Johnston
52
1
April 2026
Global Oil Data Deck (April 2026)
Balances tightened further through February before the onset of the Iran War; the >1 billion barrels of now guaranteed supply loss will prompt an…
Apr 29
•
Rory Johnston
53
3
1
Oil & Iran War Context Weekly (W17)
Crude notched its first weekly gain since mid-March amidst another week of waiting, seven more days with Hormuz closed, and another 91 million Middle…
Apr 24
•
Rory Johnston
51
1
2
Sanguine Strait Stoppage
Making sense of relatively low crude prices through nearly two months of the largest oil supply shock in history
Apr 23
•
Rory Johnston
76
4
Oil & Iran War Context Weekly (W16)
Crude prices cratered and term structure flattened on Friday following Iran’s declaration that Hormuz is “open” despite the fact that little traffic has…
Apr 17
•
Rory Johnston
50
5
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