Weekly Recap: Week 6

Weekly Recap: Week 6

Welcome to Energy Markets Daily. Friday, February 6, 2026 — Weekly Recap: Week 6. THE WEEK THAT WAS: Crude got crushed. Gas held ground. The decoupling thesis played out perfectly. CRUDE OIL RECAP: WTI crashed 5% Monday from $66.51 to $62.25. US-Iran diplomatic shift and OPEC+ holding the line triggered the selloff. Bounced to $63.59 mid-week, then consolidated at $63.20 by Thursday. The bounce stalled exactly where we called it. $63-64 resistance held. EIA data confirmed the setup: crude inventories down 3.5 million barrels, but gasoline inventories hit 257.9 million. Highest since June 2020. Demand destruction hiding in the details. Refinery utilization dropped to 90.5%. OPEC+ held virtual meeting Feb 1. Production pause through March confirmed. Saudi at 10.1 million bpd, Russia at 9.57 million. They're trapped. EIA projects $52 average for 2026. We're trading at a 17% premium. The thesis: short rallies above $65. NATURAL GAS RECAP: Henry Hub ranged from $3.34 to $3.46 this week. Storage draw for week ending Jan 30 came in massive at 379 Bcf. LNG flows averaging 18.3 bcfd in February, approaching December's record. Golden Pass LNG online mid-2026. Structural demand locked. EIA holds $3.50 avg for 2026, $4.60 for 2027. Morgan Stanley sees above $5. The thesis: accumulate in the $3.30-$3.50 zone. Weather pulled us back. Gift. WEEK 7 OUTLOOK: Watch crude for continued resistance at $63-64. Any rally toward $65 is an exit. Gas remains a buy on dips. LNG demand is structural. The decoupling continues. Trade the data. Not the headlines. For energy opportunities: energymarkets@protonmail.com

Episoder(177)

Geographic Spotlight: Ontario, Canada

Geographic Spotlight: Ontario, Canada

Wednesday, May 6, 2026. Ontario is Canada's most populous province but a rounding error in oil and gas. Crude: 498 bbl/d (2023), <0.1% of Canada's total, down from 1.3M bbl/d in 2013. Remaining reserv...

6 Mai 2min

 Project Freedom Live, Clashes Reported, Crude at Inflection Point

Project Freedom Live, Clashes Reported, Crude at Inflection Point

Tuesday, May 5, 2026. WTI June futures $101.94, intraday $102.17 (+0.23%), continuous contract $104.34. Prediction markets: 61¢ for $102+. Resistance $102-103, support $100/$98/$95. Project Freedom la...

5 Mai 2min

Week 19 Opens: Trump's Project Freedom and the Strait Gambit

Week 19 Opens: Trump's Project Freedom and the Strait Gambit

Monday, May 4, 2026. BREAKING: Trump announces "Project Freedom" — US begins escorting neutral ships from Strait of Hormuz starting Monday. Iran protests, calls it ceasefire violation. Trump signals "...

4 Mai 2min

Geographic Spotlight: China — The World's Largest Energy Consumer and Geopolitical Wildcard

Geographic Spotlight: China — The World's Largest Energy Consumer and Geopolitical Wildcard

Friday, April 30, 2026. Geographic Spotlight: China. World's largest energy consumer: 14M bpd oil, 600 Bcm/yr gas. Imports 10M bpd, 45% from Middle East including Iran. Hormuz blockade threatens energ...

1 Mai 2min

Geographic Spotlight: Norway — Europe's Energy Lifeline in a Blockaded World

Geographic Spotlight: Norway — Europe's Energy Lifeline in a Blockaded World

Thursday, April 30, 2026. Geographic Spotlight: Norway. World's 2nd-largest crude exporter (1.7M bpd), 3rd-largest gas exporter (120 Bcm/yr). Supplies 25% of Europe's natural gas. NATO ally, EEA membe...

30 Apr 2min

Crude Oil Explosion: WTI Spikes to $107.11 on Extended Blockade Commitment

Crude Oil Explosion: WTI Spikes to $107.11 on Extended Blockade Commitment

Wednesday, April 29, 2026. WTI closes $107.11 (+7.19% or +$7.18), open $99.41, high $107.65. Trump rejects Iran deal, prepares extended blockade. Henry Hub $2.64 (-1.92%), down 8.58% monthly. EIA: com...

29 Apr 3min

Trump Rejects Iran Deal, Crude Holds $97

Trump Rejects Iran Deal, Crude Holds $97

Tuesday, April 28, 2026. WTI $97.38 (+1.05%), range $96.26-$97.55. Inverted head and shoulders intact, buyers control. Trump rejects Iran proposal, maintains blockade. Downside risk $70-75 if deal acc...

28 Apr 3min

Iran Offers Strait Reopening for Blockade Lift

Iran Offers Strait Reopening for Blockade Lift

Monday, April 27, 2026. BREAKING: Iran offers to reopen Strait of Hormuz + extend ceasefire indefinitely if US lifts blockade. Trump convening Situation Room. WTI $95-$96, Brent $105+. Henry Hub $2.57...

27 Apr 2min

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