Energy Markets Daily

EMD
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Energy Markets Daily delivers essential intelligence for global energy capital. Hosted with institutional authority, this daily brief covers WTI/Brent crude analysis, natural gas markets, energy M&A activity, drilling intelligence, and the geopolitical developments that drive billion-dollar energy decisions. Providing superior energy market intelligence sourced from the same trading floors, boardrooms, and energy desks where your competition operates. Essential listening for oil & gas executives, energy investors, and institutional capital allocating $100M+ in the energy sector. Contact: energymarkets@protonmail.com Disclaimer: This podcast is powered by Daily Dominance and utilizes artificial intelligence technology for content creation and production. The views and opinions expressed in this show are those of the hosts and guests and do not necessarily reflect the official policy or position of Daily Dominance. All content is generated with the intent to provide informative and engaging material; however, the accuracy and reliability of the information presented may vary. Listeners are encouraged to conduct their own research and consult with professionals before making any decisions based on the content of this podcast. By listening to this podcast, you acknowledge and agree to these terms.

  1. 6h ago

    Fifth Consecutive Monthly Hike

    Wednesday, August 13, 2026. CRUDE OIL UPDATE: WTI Sep 2026 futures trading $82.10-$83.38; recent trade $83.10 +0.97 on Aug 11 data; settlement/open levels $82.25-$82.88; up ~1%+ intraday in some sessions. WTI Aug 2026 futures ~$84.91. Oct 2026 ~$81.06-$81.52. Nov 2026 ~$79.76. Recent spot/WTI prices (early Aug 2026) around $78-$82 range; examples include ~$81.96 on Aug 3; ~$78.16-$78.78 in early/mid-August; decline to ~$77.11 on Aug 4. EIA Short-Term Energy Outlook (Aug 2026): Brent spot forecast averaging ~$85/bbl in Q3 2026 (WTI typically trades at discount to Brent); 2027 average ~$69. Bloomberg energy snapshot (Aug 11): WTI ~$83.05-$83.45 (Aug/Sep 2026 contracts); Brent ~$88.71 (Sep 2026). Recent opens/closes: WTI futures opened ~$78.31 on Aug 7; ~$77.74 on Aug 10; recent closes/settlements in low-to-mid $82 area on Aug 10-11. NATURAL GAS UPDATE: Aug 3 spot (latest reported) $2.81/MMBtu. Sep 2026 futures (NGU26) $2.77-$2.79/MMBtu (recent trades around $2.754-$2.789). Oct 2026 (NGV26) ~$2.835/MMBtu. Recent spot prices (early Aug 2026) low-to-mid $2.60s-$2.80s range. EIA forecast Q3 2026 average around $2.87/MMBtu; prices expected to stay below $3.00/MMBtu through much of period due to high storage and production. 2026 annual average forecasts $2.89-$3.50 range depending on source/timing. OPEC+ PRODUCTION: August 2026 quota increase +188,000 bpd (effective from start of month). Core countries: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman. Cumulative increase (Apr-Aug 2026) 958,000 bpd total. Trend: Fifth consecutive monthly hike; further similar increases expected (e.g., another ~188,000 bpd potentially for September). Context: Phased unwinding of earlier voluntary production cuts (originally from 2023). Note on actual vs. target: Announced quotas reflect targets amid ongoing market reviews (e.g., post-Iran conflict dynamics affecting shipping in Strait of Hormuz). Physical output may lag due to logistical/geopolitical factors; some reports noting subdued tanker activity despite quota hikes. OPEC+ crude output reached approximately 43.05 million bpd in September 2025; 2026 demand for OPEC+ crude projected around 43.1 million bpd. 2026 global oil demand growth: OPEC raising forecast to ~1.4 million bpd growth. OPEC MONTHLY OIL MARKET REPORT: Release date August 12, 2026. Includes detailed supply/demand data and actual production estimates. Latest available July 2026 edition. THE READ: Crude WTI Sep 2026 $82.10-$83.38; recent trade $83.10 +0.97; settlement/open $82.25-$82.88; up ~1%+; WTI Aug 2026 $84.91; Oct 2026 $81.06-$81.52; Nov 2026 $79.76; recent spot/WTI early Aug $78-$82 range; $81.96 Aug 3; $78.16-$78.78 early/mid-Aug; decline to $77.11 Aug 4; EIA STEO Aug 2026 Brent $85/bbl Q3; WTI discount to Brent; 2027 average $69; Bloomberg Aug 11 WTI $83.05-$83.45 Aug/Sep 2026; Brent $88.71 Sep 2026; recent opens/closes WTI Aug 7 $78.31; Aug 10 $77.74; recent closes/settlements low-to-mid $82 Aug 10-11. Gas: Aug 3 spot $2.81; Sep 2026 NGU26 $2.77-$2.79; recent trades $2.754-$2.789; Oct 2026 NGV26 $2.835; recent spot early Aug low-to-mid $2.60s-$2.80s; EIA Q3 2026 average $2.87; prices below $3.00 through much of period; high storage/production; 2026 annual average $2.89-$3.50. OPEC+: Aug 2026 quota +188,000 bpd; core countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman; cumulative Apr-Aug 2026 958,000 bpd; fifth consecutive monthly hike; further similar increases expected; another 188,000 potentially September; phased unwinding earlier voluntary production cuts from 2023; announced quotas reflect targets amid ongoing market reviews; post-Iran conflict dynamics affecting Strait of Hormuz shipping; physical output may lag; subdued tanker activity despite quota hikes; OPEC+ output Sept 2025 43.05 million bpd; 2026 demand OPEC+ crude 43.1 million bpd; 2026 global oil demand growth OPEC raising forecast 1.4 million bpd. OPEC MOMR: Aug 12 2026 release; detailed supply/demand data and actual production estimates; latest available July 2026 edition. Capital preservation first. Trade the data, not the headlines.

  2. 1d ago

    Technicals: Week 32

    Tuesday, August 12, 2026. CRUDE OIL TECHNICALS: WTI trading around $82.38, up 0.30%. Daily range $81.99-$82.50. Technical summary: Overall Strong Buy. Moving averages Strong Buy (12 buy, 0 sell). Technical indicators Strong Buy (7 buy, 0 sell). All major moving average periods (MA5, MA10, MA20, MA50, MA100, MA200) showing buy signals. Indicators: RSI(14) at 77.6 (overbought); Stochastic overbought; MACD buy; ADX buy; CCI buy; several others neutral to buy. Pivot points: $82.21 pivot; support $81.83-$82.02; resistance $82.40-$82.59. Recent action: Sharp 4% drop on Aug 4 to $77.11 on US-Iran diplomatic news; recovered toward $80-$82 zone. Key support: Psychological $75 major zone; 200-day MA near $78 as dynamic support. Key resistance: $80 (prior support turned resistance); 50-day MA around $82. Barchart Sep '26: Price near $78.70; shorter-term MAs mixed; Stochastic/RSI neutral-to-bearish on very short timeframes. Longer-term forecasts: August 2026 ranges $61-$93 (high volatility); mid-$80s recovery later in year. EIA outlook: Brent projected $74/bbl in Q3 2026. J.P. Morgan: Brent Q3 2026 average $86, gradual decline into year-end. Prediction markets: Probabilities around touching $75-$80 levels during August 2026. Overall bias: Bullish on MAs and aggregate indicators, but overbought readings (RSI) and geopolitical volatility warrant caution. NATURAL GAS TECHNICALS: Aug 11 spot $2.77/MMBtu (down 1% from prior day). Aug 3 spot $2.81/MMBtu. Jul 2026 monthly average $2.89/MMBtu. Recent daily closes: Aug 7 ~$2.67; Aug 6 ~$2.63; Aug 5 ~$2.67; Aug 4 ~$2.69; Aug 3 ~$2.77. Futures (NGU26) trading around $2.73-$2.78. EIA forecast: 2026 annual average Henry Hub spot prices near $3.50-$3.67/MMBtu. Market note: Ample storage and supply despite summer demand. EIA WEEKLY PETROLEUM STATUS REPORT: Release date August 12, 2026 (after 10:30 a.m. ET). Covers week ending August 7, 2026. Prior release (Aug 5): Week ending July 31 — U.S. crude oil inventories rose +2.479 million barrels (vs. expectations of -1.5M draw); stocks reached ~407M barrels. Cushing OK stocks +2.356M barrels. Key watch: Changes in crude stocks, refinery utilization, gasoline/distillate inventories, imports. Note: Starting with Aug 12 report, EIA discontinuing standalone PDF figures in favor of new data visualizations. THE READ: Crude WTI $82.38, up 0.30%; Overall Strong Buy; all major MAs bullish; RSI 77.6 overbought; Stochastic overbought; MACD buy; ADX buy; CCI buy; pivot $82.21; support $81.83-$82.02; resistance $82.40-$82.59; recent 4% drop Aug 4 to $77.11 on US-Iran news; recovered toward $80-$82 zone; key support $75 major zone; 200-day MA $78; key resistance $80; 50-day MA $82; Barchart Sep '26 $78.70; shorter-term MAs mixed; Stochastic/RSI neutral-to-bearish on very short timeframes; August 2026 ranges $61-$93; mid-$80s recovery later in year; EIA Brent $74 Q3; J.P. Morgan Brent $86 Q3, gradual decline year-end; prediction markets $75-$80 levels; overall bullish on MAs and aggregate indicators; overbought RSI and geopolitical volatility warrant caution. Gas: Aug 11 spot $2.77 (down 1%); Aug 3 spot $2.81; Jul average $2.89; recent closes Aug 7 $2.67, Aug 6 $2.63, Aug 5 $2.67, Aug 4 $2.69, Aug 3 $2.77; NGU26 $2.73-$2.78; EIA forecast $3.50-$3.67 full-year; ample storage and supply. EIA report: Aug 12 after 10:30 a.m. ET; week ending Aug 7; prior week ending July 31 crude inventories +2.479M barrels vs. -1.5M expected; stocks 407M barrels; Cushing OK +2.356M barrels; watch crude stocks, refinery utilization, gasoline/distillate inventories, imports; EIA discontinuing PDFs for new visualizations. Trade the charts. Respect the levels.

  3. 1d ago

    Strategic Positioning: Week 32

    Monday, August 11, 2026. CRUDE OIL UPDATE: WTI Sep 2026 futures trading $77 to $78.18, up 0.89 or 1.15%. Day range $76.53-$78.77. Volume 206K. Oct 2026 around $76.10-$77.15. Brent reference $87.38/bbl. Technical: Overall Strong Buy driven by moving averages (Strong Buy on 10/12 signals); oscillators mixed/neutral to buy. MA5 values around $78.46-$78.59 showing buy signals. Elliott Wave: WTI plunged for a second week amid hopes of a deal to reopen the Hormuz Strait. Daily analysis: Downtrend with suggested sell level at $80 targeting $73. J.P. Morgan forecast: Brent expected to average $86/bbl in Q3 2026, $80 in Q4, $78 by year-end. Futures curve: Mild contango (Sep > Oct > later months declining toward ~$60s by 2030s). YTD performance: Sep 2026 contract +27% YTD, +21.7% over 1 year; +3% over 5 days, +5.4% over 1 month. NATURAL GAS UPDATE: Aug 3 spot $2.81/MMBtu (latest daily). Jul 31 spot $2.59/MMBtu. Jul 2026 monthly average $2.89/MMBtu. Near-term futures (NGU26) ~$2.67-$2.722 (as of Aug 8-9). Recent daily futures closes: Aug 7 ~$2.67; Aug 6 ~$2.63; Aug 5 ~$2.67; Aug 4 ~$2.69; Aug 3 ~$2.77. EIA forecast: Henry Hub spot expected to average close to $3.60-$3.67/MMBtu for full-year 2026. Market note: Ample supply and storage levels; futures testing multiyear lows as rollover looms. STRAIT OF HORMUZ CRISIS: Tanker traffic only 5 transits in 24 hours ending Aug 5 (3 inbound, 2 outbound) — roughly 75% below pre-crisis daily average of 20+. Suspected attacks Aug 2: Two tankers (VLCC Egypt Prosperity and Aframax On Pride) reported incidents involving explosions; both escaped unscathed. Explosion reports Aug 5: Tanker reported two nearby explosions southeast of Kumzar, Oman; vessel and crew safe. Iran-Oman talks: Negotiating agreement on reopening strait; Iran published restrictive draft plan with conditions, bans on certain nations' ships, penalties. Broader traffic trends: 84 total transits Jul 27-Aug 2 (up from prior weeks but still far below normal); non-Iranian/Chinese-linked traffic limited. Insurance concerns: High war-risk insurance keeping most commercial tankers away; traffic dominated by Iranian- and Chinese-linked vessels. Expert view: Traffic could rise quickly with credible security deal but unlikely to return to pre-war highs (130-140 vessels daily) immediately. THE READ: Crude WTI Sep 2026 $77-$78.18, up 1.15%; Strong Buy technical; Elliott Wave plunge on Hormuz deal hopes; sell level $80 targeting $73; J.P. Morgan Brent $86 Q3, $80 Q4, $78 year-end; mild contango curve; YTD +27%. Gas Aug 3 spot $2.81; Jul average $2.89; NGU26 $2.67-$2.722; EIA forecast $3.60-$3.67 full-year; ample supply; multiyear lows. Hormuz 5 tanker transits in 24 hours, 75% below normal; suspected attacks Aug 2 and 5; Iran-Oman talks ongoing; 84 total transits Jul 27-Aug 2; war-risk insurance high; Iranian and Chinese vessels dominating; deal could accelerate traffic but not to pre-war levels immediately. Capital preservation first. Trade the data, not the headlines.

  4. 5d ago

    Geographic Feature: Hawaii

    Friday, August 8, 2026. HAWAII: ONE HUNDRED PERCENT RENEWABLE BY 2045. Hawaii has no domestic oil or natural gas. Imports everything. One refinery in Kapolei. 94,000 barrels per day capacity. Tankers bring the rest. But the state is executing the most aggressive renewable transition in America. THE MANDATE: 2015 legislation set binding 100% renewable electricity by 2045. Hawaii was first state in the nation to do it. Now accelerating. 2024 PERFORMANCE: Hawaiian Electric consolidated renewable portfolio standard reached 35.8%. Oahu 30.8%. Maui County 41.1%. Hawaii Island 58.7%. Ahead of targets. GOVERNOR'S ACTIONS: Executive Order accelerating renewables. 100% renewable electricity for most islands by 2035. Solar tax credits preserved for 2026 via Executive Order 26-02. SOLAR LEADERSHIP: Hawaii leads the nation in rooftop solar per capita. Grid modernization underway. JERA PARTNERSHIP: Japan's largest power producer. Strategic agreement to modernize Hawaii's grid, retire aging assets, improve reliability during renewable transition. BROADER TARGETS: 70% emissions reduction by 2030. Net-zero by 2045. Transportation decarbonization emphasized. VULNERABILITY: Hawaii exposed to global oil price swings. Recent geopolitical events raising fuel costs, inflation, tourism impacts. Single refinery creates supply risk. HEADWINDS: Some legislative efforts in 2026 to scale back 100% target to 70% by 2045 due to grid reliability concerns. THE PLAY: Hawaii's renewable transition is real. But oil import dependence remains. Watch grid reliability, JERA partnership execution, and legislative pushback. Energy independence equals economic resilience.

  5. 6d ago

    Geographic Feature: Vietnam

    Thursday, August 7, 2026. VIETNAM: THE LNG PIVOT. Vietnam is transitioning from domestic oil and gas decline to LNG imports. The strategy is clear: build LNG infrastructure to fuel power generation and support double-digit economic growth. SON MY LNG TERMINAL: PV Gas and AES Corporation joint venture. Investment certificate granted. 450 TBtu capacity. $1.4 billion investment. Commercial operations targeted for 2026. Supplies southern Vietnam. Diversifies the energy mix. UPSTREAM PRODUCTION: White Tiger Block 16-1 and Rong Ca Ngu Vang Block 09-2 drilling underway. New wells targeted for 2026. Offsetting natural production declines. PTTEP partnership with Thailand. First gas from Block B gas-to-power chain targeted for 2027. GAS INFRASTRUCTURE: PV Gas coordinating fuel switching between domestic gas, LNG, and diesel oil. Pipelines and terminals expanding. LNG-to-power highlighted as transitional energy source. REGIONAL PARTNERSHIPS: Petronas from Malaysia. Japan on LNG power projects. US firms on gas-fired equipment. Indo-Pacific energy security forums prioritizing LNG and oil-gas cooperation. DEMAND PROJECTION: LNG demand reaching 5 million tonnes by 2025. Continued growth into 2026 and beyond. THE PLAY: Vietnam's LNG infrastructure buildout is real capital opportunity. Son My terminal coming online 2026. Upstream production stabilization. Regional energy hub positioning. Watch PV Gas, AES, and PTTEP developments. Vietnam becoming Southeast Asia's energy gateway.

  6. Aug 5

    Geographic Feature: Georgia

    Wednesday, August 6, 2026. GEORGIA: THE CAUCASUS ENERGY CORRIDOR. Georgia sits at the crossroads of Caspian energy flows. Two critical pipelines: Baku-Tbilisi-Ceyhan (BTC) oil pipeline and South Caucasus Pipeline (SCP) for gas. BTC: 1,768 km crude oil transit from Azerbaijan to Turkey. BP transferred operatorship to SOCAR effective July 1, 2026. Throughput declining: H1 2025 saw 13.9 million tons; early 2026 dropped 33% year-over-year. Caspian export dynamics tightening. SCP GAS PIPELINE: Shah Deniz consortium gas flows through Georgia to Turkey. Georgia receives transit fees plus 5% offtake and preferential purchases. Strategic leverage. GEORGIA'S IMPORTS: Total consumption 3.2 billion cubic meters. 2026 imports projected at 3.34 billion cubic meters. Azerbaijan dominates. Gazprom volumes surged 40.4% in 2025. Russia gaining ground. ELECTRICITY: 75-80% hydro. Gas-fired backup. EU Energy Community Treaty member since 2016. Pushing for underground storage and diversification. GEOPOLITICS: Georgia's transit role enhances leverage. But energy dependence on Russia and Azerbaijan shapes foreign policy. Black Sea access critical. US National Security Strategy shift in January 2026 reducing regional engagement. Georgia navigating between Russia, Azerbaijan, and Western alignment. THE PLAY: Georgia's transit corridor value is real. But import dependence on Russia creates vulnerability. Watch BTC throughput trends and Gazprom volumes. Energy security equals geopolitical positioning.

  7. Aug 4

    Technicals: Week 31

    Tuesday, August 4, 2026. CRUDE OIL TECHNICALS: WTI closed Aug 3 near $79.59 (sharp daily decline). Aug 2026 contract CLQ26 at $84.91-$84.99 (strong buy signal per Barchart). Technical summary: Overall Buy/Strong Buy (6 buy signals, 1 sell); Neutral on moving averages (6 buy, 6 sell). Shorter-term MA5/10/20 showing buy signals near $79.60-$80.30; longer-term MA50/100/200 sell signals near $81.50-$83.40. Indicators: RSI 14 neutral at 47.5; STOCH buy; MACD sell; overbought readings (STOCHRSI, Williams %R); CCI bullish. Pivot points: Support S1 $79.71, S2 $79.01, S3 $78.55; Pivot $80.17; Resistance R1 $80.87, R2 $81.33, R3 $82.03. Short-term bearish tilt: 4H chart gap down, declining MACD (bearish momentum), RSI 39, falling MFI, price below VWAP/SMA20. Trading plan: Shorts below $78.42 targeting $76 and $74; longs above $80.53. LiteFinance Aug 4 forecast: Continued decline; range low $73.91, average $79.50, high $85.09. Broader Aug 2026 range: $67.93-$106.74 (geopolitics, inventories, OPEC+, Fed policy, technical corrections). Support: Intraday support near $78.00; mixed bullish/bearish momentum. NATURAL GAS TECHNICALS: Jul 27 spot $2.63/MMBtu (most recent daily). Jul 2026 monthly average $3.15/MMBtu. Recent daily spots: Jul 24 $2.87; Jul 23 $2.92; Jul 22 $2.93; Jul 21 $2.80. Sep 2026 futures (NGU26) $2.77 (up ~1% that session). Aug 2026 futures $2.72-$2.77 range. 2026 full-year EIA forecast $3.60-$3.67/MMBtu. Q3 2026 EIA forecast $3.37/MMBtu average. Market note: Ample supply; weather influences; renewables crimp upside. THE READ: Crude WTI $79.59 close; Aug 2026 CLQ26 $84.91-$84.99; Buy/Strong Buy overall; shorter-term MA buy signals; longer-term MA sell signals; RSI neutral; STOCH buy; MACD sell; pivot support S1 $79.71, S2 $79.01, S3 $78.55; pivot $80.17; resistance R1 $80.87, R2 $81.33, R3 $82.03; short-term bearish; shorts below $78.42 targeting $76 and $74; longs above $80.53; Aug 4 forecast range low $73.91, average $79.50, high $85.09; Aug 2026 range $67.93-$106.74; support $78.00. Gas: Jul 27 spot $2.63; Jul average $3.15; recent spots $2.80-$2.93; Sep 2026 $2.77; Aug 2026 $2.72-$2.77; 2026 forecast $3.60-$3.67; Q3 forecast $3.37; ample supply; weather influences; renewables crimp upside. Trade the charts. Respect the levels.

  8. Aug 3

    Week 31 Opens: Crude Pulls Back Sharply

    Monday, August 3, 2026. CRUDE OIL MARKET UPDATE: WTI trading near $80.00-$80.50 (down sharply ~$4.35 or -5.14% from prior close of $84.67). Trading levels ~$80.32 (down ~4.9-5.4%); other feeds show ~$80.09-$80.56. Prior session close (Aug 2) Sep 2026 contract settled near $80.63-$80.78 (down ~4.6-4.8%). CME futures snapshot (Aug 2 close) Sep 2026 (CLU6) at 80.78 (-3.89/-4.59%); Oct 2026 at 78.45 (-3.04/-3.73%). Daily range (recent sessions) lows near $78.78-$81.06; highs up to $86.87 (reflecting volatility). Recent trend context prices had been holding near/above $84-$85 recently (July strength), but faced steep decline into early Aug. Related markets Brent similarly lower (~$83.60 range). Sector backdrop US drillers reported turning more cautious while WTI held near $85; sustained demand and supply factors but highlights near-term volatility. NATURAL GAS MARKET UPDATE: Latest spot price (Jul 27, 2026) $2.63/MMBtu (down from $2.87 prior day). Nearby futures (Sep 2026, NGU26) trading around $2.76-$2.79/MMBtu (as of Aug 2). Aug 2 trading levels approximately $2.72-$2.75/MMBtu. Jun 2026 monthly average $3.15/MMBtu. Note EIA spot price data released with lag; next release scheduled Aug 5 for Aug 3 data. STRAIT OF HORMUZ TANKER TRAFFIC: Live tracker (Aug 3 update) 19 ships transited in last 24 hours (16.7% of normal ~60/day average). Ships currently underway 10 ships. Daily throughput ~1.5 million DWT (15% of 10.3 million DWT average). Vessels waiting 287 vessels (including 142 tankers). Strait status CLOSED (since Feb 28, 2026; 156+ days). Windward intelligence (around Aug 1) crossings rebounded to 19 vessels (10 outbound, 9 inbound); some dark transits (AIS off); no sanctioned crossings. Jul 31 snapshot (Windward) only 5 vessels transited in prior 24 hours (vs. pre-crisis baseline ~140). Mid-July patterns (Kpler/NYT, Jul 16) just 13 ships on one day during US naval blockade enforcement (down from 21 prior day); most using Iranian-mandated route. Early Jul lows traffic fell to multi-week/two-month lows (e.g., 6 tankers on one day per Kpler/Reuters) amid renewed US-Iran strikes and vessel attacks. Jun context (post-deal/ceasefire attempts) traffic remained low/trickling at 5-10 ships daily (far below pre-war 130-140 vessels); gradual increases but not to normal levels. Broader crisis commercial tanker passage near collapse/fraction of normal since Mar 2026; selective/controlled transits, dark shipping, seizures, attacks, rerouting. Normal pre-crisis levels ~60+ ships/day or higher for tankers; current volumes reflect extreme war-risk premiums, insurance issues, enforcement actions. CRUDE OIL INVENTORY REPORT (EIA): Latest release (Jul 29, 2026) U.S. commercial crude oil inventories fell 7.167M barrels for week ending Jul 24, 2026 (actual vs. +0.7M forecast and prior +2.01M build). Level after Jul 24 draw inventories stood at ~404.5M barrels (7% below five-year average). Prior week (Jul 22 release) inventories rose 2.0M barrels for week ending Jul 17, 2026, to 411.7M barrels (6% below five-year average). Week ending Jul 10, 2026 draw of 1.7M barrels to 409.7M barrels (6% below five-year average). Ongoing trend multiple consecutive weekly draws in Jun-Jul 2026 amid strong refinery demand and Middle East supply disruptions (Iran-related tensions), pushing stocks toward multi-year lows. Refinery activity (week ending Jul 24) inputs averaged 17.3M bpd (97.2% utilization). Next release Aug 5, 2026, for data week ending Jul 31, 2026. EIA Short-Term Energy Outlook (Jul 2026) global oil inventories expected to draw 2.2M bpd average in Q3 2026 (less severe than prior forecasts). Cushing, OK hub stocks notably low in recent months (near operational minimums in some reports), contributing to market tightness. Product inventories (week ending Jul 17) gasoline +0.8M barrels, distillates +1.4M barrels, propane/propylene +6.3M barrels; total commercial petroleum stocks +11.6M barrels. THE READ: Crude WTI near $80.00-$80.50, down sharply -5.14%, from $84.67, Sep 2026 at 80.78, Oct 2026 at 78.45, volatility elevated, US drillers cautious, demand and supply factors sustained. Gas spot $2.63/MMBtu, down from $2.87, futures $2.76-$2.79, Aug 2 levels $2.72-$2.75, Jun average $3.15. Strait of Hormuz 19 ships transited last 24 hours (16.7% of normal), 287 vessels waiting, closed 156+ days, Windward Aug 1 rebound to 19, Jul 31 only 5, volatility, war-risk premiums elevated. Inventories Jul 24 draw 7.167M barrels, level 404.5M barrels (7% below five-year average), prior week build 2.0M, Jul 10 draw 1.7M, consecutive draws, strong refinery demand, Middle East disruptions, multi-year lows, refinery utilization 97.2%. WEEK 31 STRATEGIC POSITIONING THESIS: Crude WTI near $80, down -5.14%, steep decline from $84.67, Sep 2026 80.78, Oct 2026 78.45, volatility elevated, US drillers cautious, demand and supply sustained, Brent lower at $83.60. Gas spot $2.63, down from $2.87, futures $2.76-$2.79, stable near lower levels. Strait of Hormuz 19 ...

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About

Energy Markets Daily delivers essential intelligence for global energy capital. Hosted with institutional authority, this daily brief covers WTI/Brent crude analysis, natural gas markets, energy M&A activity, drilling intelligence, and the geopolitical developments that drive billion-dollar energy decisions. Providing superior energy market intelligence sourced from the same trading floors, boardrooms, and energy desks where your competition operates. Essential listening for oil & gas executives, energy investors, and institutional capital allocating $100M+ in the energy sector. Contact: energymarkets@protonmail.com Disclaimer: This podcast is powered by Daily Dominance and utilizes artificial intelligence technology for content creation and production. The views and opinions expressed in this show are those of the hosts and guests and do not necessarily reflect the official policy or position of Daily Dominance. All content is generated with the intent to provide informative and engaging material; however, the accuracy and reliability of the information presented may vary. Listeners are encouraged to conduct their own research and consult with professionals before making any decisions based on the content of this podcast. By listening to this podcast, you acknowledge and agree to these terms.

Information

  • Creator
    EMD
  • Years Active
    2025 - 2026
  • Episodes
    240
  • Rating
    Clean
  • Copyright
    © 2026 EMD

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