HFI Research

Now Trump has given waivers for Chevron. Unreal. TACO Trump continues.

Looking at OPEC+ crude exports, I see that Venezuela is losing its shit and Iran is pumping all out. Sanctions have been harsher on Venezuela than Iran. Well, I should rephrase. Sanction enforcement on Iranian crude is nonexistent.

If It Wasn't Obvious Before, It Should Be Obvious Now The US crude oil production peak should be obvious to even the most casual observer of the energy market. hfir.com/p/if-it-wasnt-…

The June implied US crude oil production looks like an anomaly (data quality issues from EIA). Implied US crude oil production has dropped materially back down to ~13.073 million b/d (headline). The peak is obvious now.

I'm at 100,000 shares now. $SOC

Ummm… Technically, CCC already approved.

It is so obvious that Judge Anderle is not ruling on the merits of the law that you have to be almost blind not to see that this will be overturned on appeal. $SOC

I kind of like Dintzler. You can tell he's visibly agitated by the contradiction from Judge Anderle. $SOC

EIA reported -3.2 million bbls or in-line with our estimate. Implied US crude oil production is around 13.03 million b/d today.

Here’s the easiest signal to follow on Iranian crude sanction. Trump just needs to sanction and tariff the living hell out of Malaysia. That’s where all the Iranian crude is headed. If he doesn’t touch Malaysia, he has no intention of sanctioning Iran.

(WCTW) Yellow Light China's SPR buying has propped up the global oil market, but for how long? hfir.com/p/wctw-yellow-…

Interesting divergence between $BABA and HSI.

Our crude estimate for the week ending July 18.

I have a hard time seeing how Lower 48 gas production grows ~4 Bcf/d from now (at today's curve) to the end of 2026 to meet the 4+ Bcf/d of export demand coming (from LNG & Mexico).

#NorthDakota: May oil production was at 1.113mbpd, down by 61kbpd or 5.2% m/m, down 86kbpd or 7.2% y/y Pipeline authority #OOTT