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Oil Context Weekly (W24)
Israeli strike on Iran upends crude market, shifts focus from gradually and organically improving fundamentals to geopolitical tail risk.
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Rory Johnston
Oil Context Weekly (W23)
Crude prices recovered to around their highest level since April as speculators returned to the barrel, while the rise and fall of Western Canadian…
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Rory Johnston
Oil Context Weekly (W22)
Crude flat prices got jerked around by US trade policy developments and increasingly bearish OPEC+ chatter heading into the group’s weekend meeting…
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Rory Johnston
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Oil Context Weekly (W21)
Crude prices bounce around but end a headline-crammed week down only modestly
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Rory Johnston
Oil Context Weekly (W20)
The barrel heads higher on US-China trade optimism, then lower on renewed US-Iran deal concerns, before recovering once again alongside stronger term…
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Rory Johnston
Oil Context Weekly (W19)
Crude falls back into $50s coming out of OPEC’s weekend production increase before rallying to end week in the green on US trade policy optimism and an…
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Rory Johnston
Oil Context Weekly (W18)
Crude sank again this week on concerns of another accelerated OPEC+ output hike in June while collapsing term structure and creeping contango removed a…
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Rory Johnston
Oil Context Weekly (W17)
Crude prices fell after an early-week rally was stamped out by a fresh bout of Kazakh-OPEC brouhaha, stymying an ongoing effort to rebalance…
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Rory Johnston
Oil Context Weekly (W16)
Crude prices rose following new US sanctions on Chinese importers of Iranian crude, supported fundamentally by physical prompt purchases while paper…
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Rory Johnston
Oil Context Weekly (W15)
Crude continued to crater through mid-week before rebounding with other risk assets following Trump’s [partial] “tariff pause”; term structure…
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Rory Johnston
Oil Context Weekly (W14)
Crude prices collapse on double-whammy of steep demand-hampering US tariff rollout and OPEC+ bizarrely leaning into tariff-induced weakness by…
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Rory Johnston
Oil Context Weekly (W13)
Crude prices rise despite broader pullback in risk assets as hot money moves back into oil contracts and Brent term structure points to tighter physical…
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Rory Johnston
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