Market Update: Gasoline Glut Building

Market Update: Gasoline Glut Building

Welcome to Energy Markets Daily. Thursday, February 5, 2026 — Market Update. CRUDE OIL UPDATE: WTI pulled back to $63.20, consolidating after Monday's 5% crash. The bounce stalled exactly where we said it would. $63-64 resistance holding. EIA Weekly Petroleum Status Report dropped. Crude inventories down 3.5 million barrels to 420.3 million. 4% below the 5-year average. Sounds bullish? Wrong. Here's what matters: Gasoline inventories jumped 700,000 barrels to 257.9 million. Highest level since June 2020. Demand destruction. Distillates down 5.5 million barrels to 127.4 million. Refinery utilization dropped to 90.5%. OPEC+ holding the line through March. They're trapped. EIA projects WTI averaging $52 for 2026. We're at $63. That's a 17% premium to fair value. Sell the rips. NATURAL GAS UPDATE: Henry Hub at $3.46, down slightly. Storage draw for week ending Jan 30 expected around 379 Bcf. Massive. LNG flows to major terminals averaging 18.3 bcfd in February, approaching December's record 18.5 bcfd. Golden Pass LNG expected online mid-2026. EIA holds $3.50 avg for 2026, $4.60 for 2027. THE SETUP: Crude inventories falling but gasoline glut building. Demand weak. Gas supported by LNG ramp and storage draws. The decoupling continues. Trade the data. Not the headlines. For energy opportunities: energymarkets@protonmail.com

Jaksot(176)

Week 16 Opens: Oil Surges Past $100 on Blockade Threat

Week 16 Opens: Oil Surges Past $100 on Blockade Threat

Monday, April 13, 2026. WTI at $104.90, up 8.64%. Brent at $102.20, up 7.38%. Trump threatens Strait of Hormuz blockade. Ceasefire talks failed. JPMorgan warns $120 possible.

13 Huhti 2min

Geographic Spotlight: Morocco

Geographic Spotlight: Morocco

Friday, April 10, 2026. Morocco's energy paradox: 87.5% dependent yet North Africa's renewable leader. Nador LNG terminal Q4 2026. Tendrara gas mid-2026. Africa's first offshore wind farm 2029.

10 Huhti 3min

Hormuz Reopens: Iran Escalates

Hormuz Reopens: Iran Escalates

Thursday, April 9, 2026. WTI $96.88, up 2.62%. Hormuz reopening eases supply fears, but Iran attacks Saudi pipeline. Ceasefire fragile. Trade the levels.

9 Huhti 2min

Ceasefire Agreed: Crude Collapses 14.3%

Ceasefire Agreed: Crude Collapses 14.3%

Wednesday, April 8, 2026. BREAKING: Two-week ceasefire agreed. Strait of Hormuz reopening. WTI plunged 14.3% to $96.82. War premium evaporated. Thesis vindicated. Mean reversion in progress. Henry Hub...

8 Huhti 2min

Technicals: Week 15

Technicals: Week 15

Tuesday, April 7, 2026. WTI trading in a $102.18 to $104.54 range. Price has overcome obstacles near $102, signaling re-entry into a bullish zone. RSI near 64. Henry Hub $2.80. Trump 8 PM ET deadline ...

7 Huhti 2min

Geographic Spotlight: Thailand

Geographic Spotlight: Thailand

Monday, April 6, 2026. Geographic Spotlight: Thailand. Largest LNG capacity in SE Asia, declining domestic production, 50% crude from Middle East, LNG hub ambitions, 47% emissions reduction target by ...

6 Huhti 2min

Geographic Spotlight: Portugal

Geographic Spotlight: Portugal

Friday, April 3, 2026. Geographic Spotlight: Portugal. Sines LNG terminal, 70%+ renewable electricity, hydrogen pilot, zero domestic production, gateway to Southern Europe. Show returns Tuesday, April...

3 Huhti 2min

$104.96 and Rising: Negotiation Theater

$104.96 and Rising: Negotiation Theater

Thursday, April 2, 2026. WTI surged to $104.96, up 4.84%. Trump addressed the nation. Iran denies direct talks but messages exchanged. Britain convening 35 countries on Strait reopening. Henry Hub $2....

2 Huhti 2min

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