Mobius Market Research

Aug 07, 2025

Brief: Trends in International Oil Rigs

BH's latest data suggest the market may see meaningful differences between actualized OPEC8+ production and the 1.1+ MMb/d of announced supply growth due to hit the market in the next two months.

Jul 22, 2025

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Brief: Sharp Draws in Global Floating Stocks

Global floating crude stocks fell more than 11.7 MMb W/W to 66.3 MMb, reaching a deficit of more than 18 MMb versus the same week last year.

Jul 21, 2025

ES #147: China v. U.S. is about energy

China generated over 10,000 TWh of electricity in 2024, more than doubling total U.S. power output as the global AI resource race heats up

Jul 14, 2025

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Daily Market Update - July 14, 2025

Today in oil and natural gas markets:

Jul 14, 2025

ES #146: The World's Ten Fastest-Growing Gas Producers & Consumers

The ten largest and fastest-growing countries by liquids production, oil demand, and refinery capacity from 2023 to 2024.

Jul 08, 2025

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Brief: Asia's Floating Stocks Expand Deficit on Return from Refinery Maintenance

Global floating crude stocks gained 2.5 MMb W/W to 79.6 MMb over the seven days ending July 6. While the increase was the first in three weeks, the Y/Y deficit in global floating storage expanded to -13.8 MMb from -10.7 MMb last week.

Jul 06, 2025

ES #145: OPEC8+ Surprises

The eight members of the OPEC+ ‘voluntary cut crew’ (OPEC8+) announced a 548 kb/d production hike for August this weekend, surpassing the market’s expectations for a fourth consecutive 411 kb/d M/M increase in the OPEC8+ August quota.

Jul 01, 2025

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Brief: Demand Signals from Global Manufacturing Activity

The J.P. Morgan Global Manufacturing PMI increased to 50.3 in June from 49.5 in May, crossing the 50.0 no-change threshold for the first time in three months to indicate a marginal expansion in global manufacturing activity and potential for upside surprises to global commodity consumption heading into 2H25.