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TRADER MEETING NOTES

A premium report highlighting the market views of senior traders

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Reaching the summit

Hormuz easing hit crude, but tight inventories support markets; East gasoline/naphtha strong, HSFO stabilising, butane supported.
16 page report
14 May 2026

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
7 May 2026

M.A.D

US–Iran stalemate deepens; Hormuz tensions rise, talks collapse, threats escalate, with both sides edging toward mutual destruction
16 page report
30 April 2026

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
23 April 2026

Tolling and Trolling

Conflicting US–Iran signals shake oil markets; risk eases, US exports rise, but weak demand signs emerge in Europe.
16 page report
16 April 2026

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
16 page report
9 April 2026

Conflict-ing Narratives

Conflicting narratives: Trump speech sparks renewed bullish sentiment; Dated Brent physical premiums reach record highs
16 page report
2 April 2026

Keeping Up With The Kharg-dashians

US–Iran whiplash drives oil volatility; mixed signals, attacks, and talks claims cut liquidity as traders stay sidelined
16 page report
26 March 2026

Climbing the (Escalation) Ladder

Hormuz risks drive oil volatility as Iran escalates attacks, LNG hit, supply fears rise, and WTI/Brent spread widens.
16 page report
19 March 2026

Fake News

Brent whipsaws on Hormuz war fears and policy signals; volatility surges as traders unwind positions and markets await restored oil flows.
16 page report
12 March 2026

Prices Going Strait Up

Hormuz closure halts tanker traffic, strands vessels, and disrupts Asian refineries as freight spikes and crude pools in Europe.
16 page report
5 March 2026

Super Duper Bulls

US–Iran tension lifts Brent and freight rates; heavy net longs raise rally risk, but downside looms without disruption.
16 page report
26 February 2026

Here We Go Again

M1 Brent above $71/bbl; geopoltiical risk; Stright of Hormuz considerations; crude overhang.
16 page report
19 February 2026