Energy shapes the world.
Read what shapes energy.
Rigorous weekly analysis of oil, gas, and commodity markets written for investors seeking to know not just what a price is, but what drives it.
When Hormuz reopens, that additional supply lands in a market where demand has already broken.
The Lens
Energy information exists.
Useful energy analysis doesn't.
The terminals are dense. The newsletters are shallow. Between them sits the question every investor actually has: what does this mean for me?
Dense, expensive, built for professionals.
Designed for traders with screens. Useful if you are paid to read it eight hours a day.
Energy gets a sentence. Maybe two.
Forty pages on equity flows. A paragraph on oil. Even though oil is what moves everything else.
A European lens on the market that moves the world.
Sourced from IEA, EIA, and OPEC. Written for investors who read. Every Monday. Free, always.
The Format
This is what lands in your inbox.
Data-driven analysis that goes beyond the headline and takes a position. Four sections. One thesis per issue. Always actionable.
Brent crude settled near $109/bbl on 16 May, a weekly gain of 8.1%. TTF gas closed near €50/MWh, up over 11%. The IEA's 13 May report shows global oil inventories fell 246 million barrels across March and April. The steepest two-month drawdown on record.
A ceasefire does not change the inventory arithmetic. The deficit outlasts any deal.
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Stocks fell 246M bbl in eight weeks after the Hormuz closure. The steepest drawdown on record.
At the Beijing summit, Trump and Xi agreed Hormuz must reopen, but offered no enforcement mechanism. Europe absorbs the direct cost as Russian Arctic LNG imports rise 17.2% YoY.
Read the Full AnalysisEU gas storage at 34.3% of capacity, 20 points below seasonal norm. Daily injection rate needed to hit 80% by 1 November exceeds anything achieved in five years.
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The Voice
Written from Europe,
with skin in the game.
Crude is written by European finance students and investors based across the continent, in Spain, Germany, Austria, and Ukraine. If you live in Europe, energy security is not an abstract concept. You felt it when Russian gas stopped flowing. You feel it when tensions in the Strait of Hormuz push your energy bill higher. That context is in every issue.
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