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

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Episoder(218)

Geopolitical Tensions Rising

Wednesday, January 8, 2026. WEEK 2 MIDWEEK UPDATE. WTI crude oil settled at $57.76, up $1.77 or 3.2%. Sharp rebound after two consecutive days of declines. Two-week high. Brent up 3.4% to $61.99. KEY ...

8 Jul 2min

Geographic Spotlight: Ecuador

Friday, July 3, 2026. GEOGRAPHIC SPOTLIGHT: ECUADOR. CURRENT PRODUCTION LEVELS: Ecuador's crude oil production averaged ~461,000-466,000 bbl/d Jan-Feb 2026. Daily lifts reported ~452,817-458,207 bbl/d...

3 Jul 2min

Geographic Spotlight: Belarus

Thursday, July 2, 2026. GEOGRAPHIC SPOTLIGHT: BELARUS. PRODUCTION OVERVIEW: Belarus produced ~25,000 bbl/d early 2026 (well below historical avg 33,650 bbl/d since 1993). Production reached 30-year hi...

2 Jul 2min

Strategic Positioning: Week 27 Midweek Update

Wednesday, July 1, 2026. WEEK 27 MIDWEEK UPDATE. WTI crude oil trading ~$69.98-$70.42. EIA Weekly Petroleum Status Report released today (covering week ending Jun 26, 2026). CRUDE OIL INVENTORY UPDATE...

1 Jul 3min

Technicals: Week 27

Tuesday, June 30, 2026. CRUDE OIL TECHNICALS: WTI trading near $70. Recent closes ~$70.04-$70.42. Intraday range $69-$71 area. KEY LEVELS: Psychological support zone $70 (key round-number level). Imme...

30 Jun 2min

Doha Talks Resume

Monday, June 29, 2026. WEEK 27 OPENS. WTI crude oil opened at $70.50. Recent session range high $70.97, low $69.32. Prior close Jun 26 $69.23. Latest quotes ~$69.95-$70.21 (up slightly from Friday clo...

29 Jun 2min

Weekly Recap: Week 26 Complete

Friday, June 26, 2026. WEEK 26 COMPLETE. Twenty-six weeks running. The thesis delivers again. CRUDE OIL RECAP: Monday opened $74.82 (deal live, Hormuz open, geopolitical premium intact). Tuesday techn...

26 Jun 2min

Crude Breaks $70

Thursday, June 25, 2026. CRUDE OIL UPDATE: WTI trading $69.20-$69.36 (down 1.4-1.7% from prior close ~$70.34). Daily range ~$69.01-$70.23. August 2026 contract ~$69.66. Recent performance down ~26% pa...

25 Jun 2min