Crude Complex

Mobius crude and petroleum product research

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.

4 hours ago

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Daily Market Update - July 1, 2025

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Jun 30, 2025

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Daily Market Update - June 30, 2025

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Jun 30, 2025

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CoT: Hedge Funds Look to Distillates, Crude Bulls Exit

A closer look at fund managers' energy market futures and options positioning

Jun 29, 2025

ES #144: The World's Ten Fastest-Growing Oil Producers & Consumers

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

Jun 26, 2025

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Brief: Peak Chinese Demand?

China’s average daily oil consumption in 2024 fell for the first time since 1990, according to data released by the Energy Institute this week.

Jun 26, 2025

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Daily Market Update - June 26, 2025

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Jun 25, 2025

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Daily Market Update - June 25, 2025

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Jun 24, 2025

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Daily Market Update - June 24, 2025

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Jun 24, 2025

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Brief: Record Guyanese Crude Production

Guyanese crude production gained 56.3 kb/d M/M to a new high of 667.5 kb/d in May after the Exxon-led consortium completed upgrades to the Liza Unity and Prosperity FPSOs that dropped April’s average daily output to an 8-month low of 611 kb/d.

Jun 23, 2025

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Daily Market Update - June 23, 2025

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Jun 23, 2025

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CoT: Post-Strike Changes to Speculative Positioning

A closer look at fund managers' energy market futures and options positioning