Rory Johnston
@Rory_Johnston
oil market researcher | founder of https://www.CommodityContext.com/ | former bank economist | markets, code, barbecue | subscribe to my research:
🛢️ OIL CONTEXT WEEKLY 🛢️ Crude prices and term structure weakened despite a spate of drone attacks on Iraqi Kurdish oilfields and the latest round of EU sanctions against Russia—but diesel still managed to end higher. Full Report: commoditycontext.com/p/ocw29w25 Summary:
Great chart from @JavierBlas in this piece. Not a new phenomenon, per se, but many folks still hold onto seasonal heuristics long past their due
COLUMN: The seasonality of the oil market has changed dramatically over the last two decades. While in the past (and until ~2015) annual peak demand was set in 4Q, now it's 3Q which sees the highest consumption. That matters a lot this year | #OOTT bloomberg.com/opinion/articl…
my new series
US energy chief says sanctioning Russian oil to end Ukraine war a possibility dlvr.it/TM3ldJ
short-term data that confirm my long-term priors are leading indicators of my truth short-term data that runs counter to my long-term priors are low-signal noise through which all civilized observers should obviously look
OIL MARKET: Halliburton, the world's largest oil fracking service company, says it sees "softer" market than it had expected 90 days ago. It notes lower drilling and completion in North America, plus a reduction in activity by national oil companies globally | #OOTT
A planned oil pipeline between Hungary and Serbia plays not only a commercial but also a strategic role in the long term, Serbian Energy Minister Dubravka Djedovic Handanovic said after talks with Russian Deputy Energy Minister Pavel Sorokin and Hungarian Foreign Minister Peter…
A planned oil pipeline between Hungary and Serbia plays not only a commercial but also a strategic role in the long term, Serbian Energy Minister Dubravka Djedovic Handanovic said after talks with Russian Deputy Energy Minister Pavel Sorokin and Hungarian Foreign Minister Peter…
just managed to find a *mini*-USB in a sea of old micro-USBs to save the day nothing like kicking off the morning with a dad-win
Again, I refuse to let the em dash be co-opted by the machines—they’re *my* writing crutch.
Coworker just sent me an email that uses two em dashes
🇮🇳 Indian petroleum demand growth forecasts have been aggressively slashed for 2025. Big spread in expectations for next year, with EIA pegging 2026 demand growth at roughly double what the IEA sees (though EIA also holds a lower resting estimate of current Indian demand vs IEA)
people who treat oil as purely physical *or* purely financial asset are generally going to have a rough time
EIA STEO showing a very weak May for US diesel demand (MMbpd)
