Independent Price Reporting Agency, QC Intel

Quantum Commodity Intelligence

Independent Price Reporting Agency

QC Intel

We are an independent price reporting agency (PRA) providing price assessments, original news and trade data for the global energy transition markets.

Our mission is to bring greater transparency to these rapidly developing markets, powering transactions and helping the world to decarbonize as efficiently as possible.

Commodities

<ul><li>Crude oil futures were slightly lower on Tuesday as concerns about oversupply vied with geopolitical uncertainty to set the tone for the early week.</li><li>Front-month Nov25 ICE Brent futures were trading at $66.37/b (0850 BST) versus Monday's settle of $66.57/b, while Nov25 NYMEX WTI was at  $62.10/b against a previous close of $62.28/b.</li><li>Markets have been unable to shake off fears of a looming supply glut, with the International Energy Agency (IEA) setting off alarm bells last month with its forecast of a 2.5 million bpd Q4 surplus rising to over 3 million bpd next year, with OPEC+ seemingly on course to add more 2.5 million bpd by the end of this year.</li></ul>

Crude oil futures were slightly lower on Tuesday as concerns about oversupply vied with geopolitical uncertainty to set the tone for the early week.Front-month Nov25 ICE Brent futures were trading at $66.37/b (0850 BST) versus Monday's settle of $66.57/b, while Nov25 NYMEX WTI was at  $62.10/b against a previous close of $62.28/b.Markets have been unable to shake off fears of a looming supply glut, with the International Energy Agency (IEA) setting off alarm bells last month with its forecast of a 2.5 million bpd Q4 surplus rising to over 3 million bpd next year, with OPEC+ seemingly on course to add more 2.5 million bpd by the end of this year.

Oil futures: Crude drifts lower on supply glut fears

<ul><li>Crude oil futures opened the week slightly firmer as traders continued to monitor disruptions to Russian flows amid ongoing attacks against infrastructure and sanctions threats.</li><li>Front-month Nov25 ICE Brent futures were trading at $67.22/b (0735 BST) versus Friday's settle of $66.68/b, while Nov25 NYMEX WTI was at  $62.90/b against a previous close of $62.40/b.</li><li>The prospect of tighter measures against Moscow was seen increasing with European leaders pushing for a wider rollout, including secondary tariffs.</li></ul>

Crude oil futures opened the week slightly firmer as traders continued to monitor disruptions to Russian flows amid ongoing attacks against infrastructure and sanctions threats.Front-month Nov25 ICE Brent futures were trading at $67.22/b (0735 BST) versus Friday's settle of $66.68/b, while Nov25 NYMEX WTI was at  $62.90/b against a previous close of $62.40/b.The prospect of tighter measures against Moscow was seen increasing with European leaders pushing for a wider rollout, including secondary tariffs.

Oil Futures: Crude firmer as Europe steps up sanctions rhetoric

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

<ul>
<li>The crude oil market in September 2025 in a state of short-term equilibrium, where forecasts of oversupply are being counterbalanced by immediate and significant geopolitical disruptions to Russian oil supplies.</li>
<li>Escalating geopolitical tensions, including the ongoing risk of expanded sanctions and persistent conflicts in the Middle East, are collectively driving current price increases, offsetting the longer-term bearish outlook.</li>
<li>This range-bound market scenario, characterized by conflicting factors influencing prices, suggests that strategies focused on profiting from stable prices are more favorable than those based on strong directional trends.</li>
</ul>


The crude oil market in September 2025 in a state of short-term equilibrium, where forecasts of oversupply are being counterbalanced by immediate and significant geopolitical disruptions to Russian oil supplies.
Escalating geopolitical tensions, including the ongoing risk of expanded sanctions and persistent conflicts in the Middle East, are collectively driving current price increases, offsetting the longer-term bearish outlook.
This range-bound market scenario, characterized by conflicting factors influencing prices, suggests that strategies focused on profiting from stable prices are more favorable than those based on strong directional trends.


Podcast by Hedge Fund Manager Erik Townsend, Macro Voices

Macro Voices

Podcast by Hedge Fund Manager Erik Townsend

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC

<ul><li>OPEC's Group of Eight discussed unwinding production cuts and increasing oil production, led by Saudi Arabia to bring energy prices down</li><li>OPEC's cooperation with non-OPEC producers, including Russia and Kazakhstan, resulted in a 2 million barrels per day production cut in late 2022</li><li>Dr. Anas Alhaji, Energy Outlook Advisors managing partner, discussed OPEC's actions and outlook on oil prices in an interview with Macro Voices host, Eric Townsend</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

OPEC's Group of Eight discussed unwinding production cuts and increasing oil production, led by Saudi Arabia to bring energy prices downOPEC's cooperation with non-OPEC producers, including Russia and Kazakhstan, resulted in a 2 million barrels per day production cut in late 2022Dr. Anas Alhaji, Energy Outlook Advisors managing partner, discussed OPEC's actions and outlook on oil prices in an interview with Macro Voices host, Eric TownsendThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MacroVoices #497 Dr. Anas Alhajji: The Impact of Trump Polices on Russia, China, India & OPEX+

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Price structures have remained resilient in 2025, with Brent and WTI in backwardation despite OPEC supply hikes and increasing crude inventories</li><li>Five conditions were needed for crude prices to start reflecting year-end weakness, but only two have materialized so far</li><li>OECD crude inventories have not built as aggressively as expected, with a lopsided increase in global stocks outside of Western markets, particularly in China</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Price structures have remained resilient in 2025, with Brent and WTI in backwardation despite OPEC supply hikes and increasing crude inventoriesFive conditions were needed for crude prices to start reflecting year-end weakness, but only two have materialized so farOECD crude inventories have not built as aggressively as expected, with a lopsided increase in global stocks outside of Western markets, particularly in ChinaThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Beware the Ides of September

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Oil futures: Crude drifts lower on supply glut fears

Crude oil futures were slightly lower Tuesday as oversupply concerns vied with geopolitical uncertainty to set the early-week tone...

Quantum Commodity Intelligence

Oil Futures: Crude firmer as Europe steps up sanctions rhetoric

Crude oil futures opened the week slightly firmer as traders continued to monitor disruptions to Russian flows amid.....

Quantum Commodity Intelligence

Brent Crude Oil: A Geopolitical Changeup

September 2025 crude oil market in short-term equilibrium due to geopolitical disruptions, driving current price increases despite oversupply...

Jay Cameron

MacroVoices #497 Dr. Anas Alhajji: The Impact of Trump Polices on Russia, China, India & OPEX+

The Group of Eight meeting discussed increasing oil production and unwinding production cuts, with Saudi Arabia leading the way in bringing down...

Macro Voices

Global Commodities: Beware the Ides of September

Despite OPEC supply hikes and growing inventories, Brent and WTI prices have stayed in backwardation, with potential weakening only possible...

At Any Rate

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Oil futures: Crude drifts lower on supply glut fears

Crude oil futures were slightly lower Tuesday as oversupply concerns vied with geopolitical uncertainty to set the early-week tone...

Quantum Commodity Intelligence

Oil Futures: Crude firmer as Europe steps up sanctions rhetoric

Crude oil futures opened the week slightly firmer as traders continued to monitor disruptions to Russian flows amid.....

Quantum Commodity Intelligence

Brent Crude Oil: A Geopolitical Changeup

​September 2025 crude oil market in short-term equilibrium due to geopolitical disruptions, driving current price increases despite oversupply...

Jay Cameron

MacroVoices #497 Dr. Anas Alhajji: The Impact of Trump Polices on Russia, China, India & OPEX+

The Group of Eight meeting discussed increasing oil production and unwinding production cuts, with Saudi Arabia leading the way in bringing down...

Macro Voices

Global Commodities: Beware the Ides of September

Despite OPEC supply hikes and growing inventories, Brent and WTI prices have stayed in backwardation, with potential weakening only possible...

At Any Rate

September 2025 crude oil market in short-term equilibrium due to geopolitical disruptions, driving current price increases despite oversupply...