TRADER MEETING NOTES
A premium report highlighting the market views of senior traders
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Latest
Hormuz easing hit crude, but tight inventories support markets; East gasoline/naphtha strong, HSFO stabilising, butane supported.
16 page report
Sell the Rumour, Buy the Fact
We have seen theories of market manipulation, but we are yet to see a declaration of peace…
16 page report
M.A.D
US–Iran stalemate deepens; Hormuz tensions rise, talks collapse, threats escalate, with both sides edging toward mutual destruction
16 page report
You get a blockade, and you get a blockade! Everyone gets a BLOCKADE!
The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news....
16 page report
Tolling and Trolling
Conflicting US–Iran signals shake oil markets; risk eases, US exports rise, but weak demand signs emerge in Europe.
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Rough Seas(fire) Ahead?
There has been a stark contrast between the deafening volume of speculation and hot takes and the incredibly low volume traded over the past
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Conflict-ing Narratives
Conflicting narratives: Trump speech sparks renewed bullish sentiment; Dated Brent physical premiums reach record highs
16 page report
Keeping Up With The Kharg-dashians
US–Iran whiplash drives oil volatility; mixed signals, attacks, and talks claims cut liquidity as traders stay sidelined
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Climbing the (Escalation) Ladder
Hormuz risks drive oil volatility as Iran escalates attacks, LNG hit, supply fears rise, and WTI/Brent spread widens.
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Fake News
Brent whipsaws on Hormuz war fears and policy signals; volatility surges as traders unwind positions and markets await restored oil flows.
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Prices Going Strait Up
Hormuz closure halts tanker traffic, strands vessels, and disrupts Asian refineries as freight spikes and crude pools in Europe.
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Super Duper Bulls
US–Iran tension lifts Brent and freight rates; heavy net longs raise rally risk, but downside looms without disruption.
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Here We Go Again
M1 Brent above $71/bbl; geopoltiical risk; Stright of Hormuz considerations; crude overhang.
16 page report