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Brief: Record Solar & South Central Gas Demand
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Brief: Record Solar & South Central Gas Demand

ERCOT’s leading share of 2025 U.S. solar capacity growth has emerged as a primary source of natural gas demand destruction for the South Central this summer.

Brief: OPEC8+, Iran, & China
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Brief: OPEC8+, Iran, & China

OPEC’s Monthly Oil Market Report (MOMR) for July hit the wire today, providing an opportunity for participants to evaluate Declaration of Cooperation (DoC/OPEC+) production versus YTD compensation pledges and announced production hikes

CoT: Hedge Funds Target Low Distillate Stocks
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CoT: Hedge Funds Target Low Distillate Stocks

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

Brief: EU Parliament Endorses Flexible Gas Storage Mandates
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Brief: EU Parliament Endorses Flexible Gas Storage Mandates

The EU’s push for more flexible storage regulations highlights the bloc’s escalating supply concerns as European Commission officials attempt to force member states to adopt legislation to cut all imports of Russian natural gas (pipeline + LNG) to zero by the end of 2027

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

CoT: Bears Bet on Gasoline
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CoT: Bears Bet on Gasoline

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

Brief: Texas Gas Demand Destruction
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Brief: Texas Gas Demand Destruction

ERCOT’s June 2025 grid data offers a clear look at the drivers of sequentially weak demand that have amplified downside risks from high end-of-season (EOS) storage levels for domestic producers.

Brief: Record Midwest Refinery Runs, Cushing, and WTI-Brent
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Brief: Record Midwest Refinery Runs, Cushing, and WTI-Brent

Midwest (PADD2) refineries posted back-to-back seasonally-adjusted record throughput of over 4.2 MMb/d in the second-half of June, bringing the region’s streak of 2014+ top-decile SA refinery runs to four.

Brief: Demand Signals from Global Manufacturing Activity
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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.

CoT: Hedge Funds Look to Distillates, Crude Bulls Exit
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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

Brief: Peak Chinese Demand?
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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.

Brief: Hedge Funds' TTF Bets Face New EU Storage Regulations
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Brief: Hedge Funds' TTF Bets Face New EU Storage Regulations

The European gas market is unlikely to get a reprieve from near-term volatility as a complex combination of new EU gas regulations, low seasonal storage levels, and a sharp increase in hedge funds’ speculative bets on TTF offset this week’s rapid reduction in conflict-related disruption risks to Qatari LNG exports.