Don't fight the SPR

Treść źródłowa

In this report: Why Brent fell 12% this week, when the OECD release tapers off, and the political escalation the market is missing. The calendar trade for what comes after.Last week Brent: -11.86% (-$12.36). Open $97.50 High $97.81 Low $89.93 Close $91.89ArticlesVideo: Jeff Currie on potential U.S.-Iran peace deal: Sell the tweet, buy the moleculeLNG Tanker Exits Hormuz For India For First Time Since War Began to EU portsIEA Report: World Energy Investment 2026Why the real oil shock may only begin when China returnsCanada Strikes Landmark Deal to Export Liquefied Natural Gas to GermanyOman Leverages its Influence With Iran to Resolve Strait of Hormuz ImpasseIran Is Tightening Its Grip on the Strait of HormuzSPAN Announces XFRA, a Distributed Data Centre SolutionPodcast: Jeremy Grantham on why this market will fall by 50% but nobody will warn youPodcast: A Perfect Storm Of Troubles Is Brewing | Cem KarsanBefore we get into the report, I am launching the discord server for The Oil Report this week. An email will be sent to paid users for access on Thursday. It will be in soft launch/beta mode through June. Features are a Breaking news and curated headline channel.Forum that has the most up-to-date full EIA analysis with charts.Forum for COT charts and analysis. A chat channel -#The WellheadLive stage where I will go live at ad hoc points through the weeks I’ll be in the discord through the week chatting with people once live. I plan to have a live 30-min call with all this Friday on Substack 4pm London time. Hopefully, this will turn into a regular live session if anyone show…