Market Strategy
Hedge program design, execution and governance.
Aegis Fundamentals, Strategy, and Recommendations
Aegis Fundamentals, Strategy, and Recommendations
· Ryan Alexander4 min read
Business Activity Picks-Up in Q3 Despite Rising Uncertainty
Activity in the oil and gas sector across Texas, southern New Mexico, and northern Louisiana picked up in the third quarter of 2026 according to oil and…
· Thomas Liardon2 min read
How Does the EIA Arrive at a 5 MMBbl/d Oil Surplus in 2027?
When we point clients to the EIA’s latest forecast for a global oil surplus of roughly 5 MMBbl/d in 2027, the response is often disbelief or skeptici...
· Narciso Cano2 min read
EIA Revises Global Balances Lower as Middle East Disruptions Continue
In their latest Short-Term Energy Outlook (STEO), the EIA revised its global oil balance outlook as the US and Iran continue to fall short of an agreement ...
· Thomas Liardon2 min read
Hedging structure recommendations Nov 5, 2021
Hedging structure recommendations Nov 5, 2021
· Matt Marshall2 min read
Week Ending April 17
Risk Premium Unwinds as Hormuz Reopens but Uncertainty Still Looms Crude prices moved sharply lower this week after Iran signaled a reopening of the Strai...
· Narciso Cano3 min read
Activity Rebounds but Uncertainty Keeps Producers on the Sidelines
Oil and gas activity across Texas, northern Louisiana, and southern New Mexico moved back into expansion territory in the first quarter for 2026. The Dalla...
· Narciso Cano2 min read
Lingering Pessimism and Capital Discipline Weigh on Oil and Gas Activity
Oil and gas operators across Texas, northern Louisiana, and southern New Mexico ended 2025 on a cautious footing as activity remained in contraction and co...
· Narciso Cano3 min read
Uncertainty and Rising Costs Weigh on Oil and Gas Activity
Oil and gas operators across Texas, northern Louisiana, and southern New Mexico endured another difficult quarter as activity slipped further under the wei...
· Narciso Cano2 min read
Price Dashboard
Benchmarks
· Ryan Alexander1 min read
Canadian Rail Strike Set to Roil Markets
Canada's unprecedented rail shutdown is poised to rattle a broad spectrum of commodities with implications throughout North America. The country’s t...
· Zander Capozzola2 min read
Important US Economic Data (AEGIS Reference)
The overall state of the US economy is of grave importance to AEGIS's metals producer and consumer clients. Below we will highlight several key economic in...
· Chris Stadele3 min read
Bakken Gas Egress Set To Expand
Northern Border Pipeline has applied to expand capacity by 430 MMcf/d in North Dakota The capacity will be leased to the currently unused Bison ...
· Christian Drolshagen2 min read
Chinese Metals Imports Could Be the Canary in the Coal Mine for Demand
China’s metals demand has faltered for a variety of reasons. The extended COVID lockdowns weighed on Chinese manufacturing activity, construction, an...
· Chris Stadele3 min read
Good Neighbor Rule by Provision of the Cross-State Air Pollution Rule (CSAPR) Program
The Good Neighbor Plan ensures that 22 states will meet the Clean Air Act's
· Mike Taylor3 min read
Cobalt End-Users Should Hedge While Market Is Oversupplied
Ample global supplies of cobalt have pressured both CME cobalt prices and Chinese Cobalt Sulfate prices. Prices for both have pushed to pandemic-era lows. ...
· Chris Stadele2 min read
What is Counterparty Risk and What Are Best Practices?
In light of the Silicon Valley Bank (SVB) collapse and recent banking issues and concerns, AEGIS would like to explain what your counterparty risk looks li...
· AEGIS Market Analytics2 min read
Commodity Trading Advisors (CTAs): Speculators or Risk Mitigators?
An article in the Wall Street Journal describes how one type of Commodity Trading Advisors (CTAs) are wielding outsized influence in the oil futures markets, as both a bullish and bearish force. Yet, the article is incomplete in one important way: not all CTAs are speculators.
· William Townsend3 min read
How Could a Potential Railway Strike Impact Commodities?
A railway strike could shut down the flow of commodities across the US and have widespread effects on products from electricity to agriculture. Railway la...
· Christian Drolshagen4 min read
Russia Finds New Alumina Supply
China’s exports of alumina to Russia surged again last month. Of the 190,000 mt China exported, 184,000 mt, or 96.8%, went to Russia, according to Re...
· Chris Stadele2 min read
Interest in Hedging Cobalt is Increasing
The CME started cobalt futures in late 2020, but volume and open interest has only picked up in recent months. In fact, open interest has nearly doubled from 2,480 contracts on June 2, 2022, to 5,091 contracts on July 18, 2022.
· Chris Stadele2 min read
Hedging Trends and Approaching Risk In Today's Volatile Market
Extreme volatility has driven great uncertainty and resulted in changes in how producers and consumers execute and plan their hedging strategies.
· Jay Stevens3 min read
Will the Russia-Ukraine Crisis Impact Metals Prices?
Russia is one of the most important metals producers in the world. Several Western countries, including the US, are considering sanctions if Russia invades...
· Chris Stadele3 min read
Will the Omicron COVID Variant Impact South African Metals Production or Exports?
South African mining activities might be affected by the potential spread of the newly found Omicron COVID-19 variant. The country is a major produce...
· Chris Stadele2 min read