Commodity Context

Commodity Context

Home
Oil Context Weekly
Data Decks
Thematic Research
About
Global Oil Data Deck (September 2025)
Oil market balances counter-seasonally weakened into July and markets flipped back into a small, abnormal summer surplus as production continues to grow…
 • Rory Johnston
Oil Context Weekly (W38)
Crude prices fall despite an early-week rally on Russian supply concerns, while Brent term structure begins to improve and refined product margins…
 • Rory Johnston
Oil Context Weekly (W37)
Crude prices rise despite generally weaker term structure amidst deeply oversold speculative positioning likely headed higher again following a flurry…
 • Rory Johnston
OPEC+ Data Deck (September 2025)
Official OPEC production data indicates further output increases in line with accelerated cut unwind—though implied production estimates marked a…
 • Rory Johnston
Why Aren’t Oil Prices Weaker?
Chinese counter-economic stock-building and sanctions-related seaborne logistical woes are absorbing the arrival of surplus supply—at least for now.
 • Rory Johnston
Oil Context Weekly (W36)
Crude prices fall and futures curves sink as OPEC mulls further production hikes faster than expected while refined product market fortunes improve on a…
 • Rory Johnston
North American Oil Data Deck (September 2025)
Continental production bounced back in June on fresh record-high US crude output and a rebound in Canada’s oil sands while demand also saw exceptional…
 • Rory Johnston
Oil Context Weekly (W35)
Crude prices post small gain through final week of summer while diesel slipped into prompt contango for the first time this year and gasoline posted a…
 • Rory Johnston
© 2025 Commodity Context Corp.
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture