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OIL MARKET REPORT

A monthly premium report detailing key market factors and movements

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New Normal?

Iran war enters its third month; markets recalibrate towards higher prices and elevated volatility, a 'new normal'.
16 page report
4 May 2026

Force Ma-Jawbone

Iran conflict enters its sixth week; markets increasingly discounting political rhetoric; long market prone to correction
16 page report
6 April 2026

Hormuz, We Have A Problem

Iran strikes lift risk premium; heavy longs add upside on disruption risk, but correction looms if tensions ease.
16 page report
2 March 2026

Tick Tock on the Geopolitical Clock

January 2026 saw a remarkably bullish start to the oil market, with Brent pushing above $70/bbl even as the prevailing consensus had...
16 page report
2 February 2026

Pumping Venez-oil-a

Oil enters 2026 oversupplied and volatile: geopolitical shocks prop prices, but a looming crude glut points Brent toward a $50s norm.
29 page report
5 January 2026