Crude Oil
WTI, Brent, OPEC+, inventories and differentials.
AEGIS Factor Matrices: Most important variables affecting oil prices
Crude Holds Above $100 as Escalation Risk Extends Farther Out the Curve
· Narciso Cano6 min read
Halliburton Sees a Tight North America Frac Market as Prices Start to Rise
Halliburton reported third quarter 2026 revenue of $5.7 billion, flat from the second quarter. North America revenue fell 5% sequentially and 9% year…
· Thomas Liardon6 min read
EIA Raises Crude Price Forecasts Despite Recovering Middle East Flows
The EIA raised its crude price forecasts in its October Short-Term Energy Outlook as recovering Middle East exports failed to eliminate supply constraints,...
· Narciso Cano2 min read
EIA Extends Middle East Disruptions Through 2Q27, Raises Oil Price Outlook
The EIA now assumes most Middle Eastern production and trade flows return to pre-conflict levels during 2Q27, narrowing the 3Q26 deficit but deepening the 4Q26 draw — and lifting its WTI forecasts across the board.
· Thomas Liardon2 min read
EIA Pushes Middle East Recovery to 2027, Lifts WTI Outlook Above $80
The EIA’s latest outlook points to a more prolonged disruption to Middle East oil markets, with the agency now pushing its expected return to pre-con...
· Thomas Liardon2 min read
EIA Raises Global Balance Expectations as MOU Takes Effect
In their latest Short-Term Energy Outlook (STEO), the EIA revised its expectations for global oil balances as the US and Iran signed a Memorandum of Unders...
· Thomas Liardon2 min read
How the US-Iran MoU Repriced Crude Markets
The US-Iran memorandum of understanding (MoU) marked the end of crude's war-driven rally, sending prices tumbling from their peak above $110/Bbl as traffic...
· Narciso Cano2 min read
EIA Outlook Points to Oversupplied Oil Market by 2027
The latest projections from the EIA are pointing toward large global oil surpluses in 2027. Despite the ongoing supply crisis, analysts are projecting that...
· Narciso Cano2 min read
EIA Revises Global Oil Balances Lower as Hormuz Disruptions Deepen
In their latest Short-Term Energy Outlook, the EIA has revised its global balances outlook as the prolonged closure of the Strait of Hormuz ...
· Thomas Liardon2 min read
Global Oil Balances Tighten as Agencies Diverge on Demand Outlook
April releases from the EIA, OPEC, and the IEA point to a market undergoing a rapid shift. The market has moved from expectations of oversupply at the star...
· Narciso Cano2 min read
Why The WTI Price You See On TV Isn't The Price You Hedge
In the world of energy trading, not all pricing tools are created equal. Two commonly used benchmarks, WTI Futures Contracts and WTI Calendar Month Average (CMA) Contracts, serve different purposes and appeal to different types of traders and hedgers.
· Ryan Alexander3 min read
War Extends Through April, Driving Further Shifts in April STEO Crude Outlook
The latest Short-Term Energy Outlook (STEO) highlights a crude market that has rapidly shifted from surplus to disruption-driven tightness following the ef...
· Narciso Cano2 min read
War in the Gulf Forces Major Revisions in March STEO Crude Outlook
The EIA's March Short-Term Energy Outlook (STEO) includes one of the largest month-to-month revisions to crude market expectations in recent years, driven ...
· Narciso Cano2 min read
China's Inventory Builds Could Help Moderate Oil Market Tightness
China’s Inventory Builds Could Help Moderate Oil Market Tightness With conflict in the Middle East threatening regional energy flows, Chinese author...
· Narciso Cano2 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Hormuz shipping crisis drives crude higher as Gulf storage constraints loom
· Narciso Cano6 min read
Producer Hedging Surges as Oil Rallies Following Middle East War
The start of March has seen a surge in trading activity as oil producers moved aggressively to hedge production following a sharp rally in crude prices. Th...
· Narciso Cano3 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Geopolitical swings push crude higher into the weekend as escalation risk builds
· Narciso Cano5 min read
Rising Call-Skew Signals Acute Oil Risk and a Rare Hedging Opportunity
This rarely happens: oil producers are currently being paid a larger premium to use costless collars. When we compare similarly out-of-the-money put option...
· Narciso Cano2 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Geopolitical risk premium dominates crude as US-Iran tensions escalate…again
· Narciso Cano5 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Crude posts another weekly decline as surplus outlook outweighs geopolitical support
· Narciso Cano5 min read
Iran Escalation Lifts Crude Despite Bearish Fundamentals
Rising tensions between the United States and Iran have become the dominant driver of crude markets, pushing WTI prices above $66/Bbl and lifting oil to th...
· Narciso Cano2 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Near-term geopolitical risk lifts crude despite persistent structural surplus
· Narciso Cano4 min read
Kazakhstan's Supply Disruptions Highlight Crude's Short-Term Sensitivity
Oil prices continue to trade in a market defined by structural oversupply, yet recent events in Kazakhstan underscore how temporary supply disruptions can ...
· Narciso Cano2 min read
AEGIS Factor Matrices: Most important variables affecting oil prices
Short-term geopolitical risk lifts crude, structural pressures remain
· Narciso Cano5 min read