Independent Energy Equities & Commodities Research, WHB Energy Research LLC

William H Brown III

Independent Energy Equities & Commodities Research

Independent energy equity and commodity boutique

WHB Energy Research LLC

WHB Energy Research LLC is an independent energy industry equity and commodity boutique
providing analysis and trading/investment recommendations to hedge funds, mutual funds, oil
and gas producing companies, energy consuming companies and high net worth individuals.
WHB Energy Research LLC fills a major void by providing top level fundamental and
qualitative research complemented by state of the art quantitative modeling. WHB Energy
Research LLC also engages in physical oil trading activity as an agent/intermediary and also
provides expert witness consultation and testimony. From 2003-2005 Mr. Brown established and
managed an energy hedge fund for a single investor/client. Specialties: Economic and financial
analysis and forecasting of the NYMEX, ICE, and international physical petroleum markets and
energy equities in the integrated, independent producer, refining, drilling, service, and
transportation sectors.

Commodities

<ul>
<li>Oil prices increased further yesterday, with the prompt NYMEX crude oil contract having closed in on our trading range peak of roughly $88.00 per barrel.          </li>
<li>At this juncture we see no reason to amend the upper end of our long-standing trading range where we would recommend selling small volumes of NYMEX crude with tight stops.                       </li>
<li>However, with September going off the board today and October NYMEX crude oil trading at a roughly $4.00 per barrel discount to our peak, we will remain patient.              </li>
</ul>


Oil prices increased further yesterday, with the prompt NYMEX crude oil contract having closed in on our trading range peak of roughly $88.00 per barrel.          
At this juncture we see no reason to amend the upper end of our long-standing trading range where we would recommend selling small volumes of NYMEX crude with tight stops.                       
However, with September going off the board today and October NYMEX crude oil trading at a roughly $4.00 per barrel discount to our peak, we will remain patient.              


Morning Market Notes: Crude Oil Trading Range Peak Remains $88.00 Per Barrel, Basis October NYMEX

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.

<ul><li>Crude futures opened the week firmer as the standoff between the US and Iran continued without resolution, leaving just a handful of tankers passing through the critical chokepoint.</li><li>Oct26 ICE  Brent futures were 2.4% higher at $90.66/b (2030 BST), while Sep26 NYMEX  WTI was at $84.40/b , also up 2.4% versus Friday's settle.</li><li>Tensions continued to simmer after the US threatened Iran with an "indefinite" blockade and further financial sanctions , a move which potentially extends the conflict and adds to supply worries.</li></ul>

Crude futures opened the week firmer as the standoff between the US and Iran continued without resolution, leaving just a handful of tankers passing through the critical chokepoint.Oct26 ICE  Brent futures were 2.4% higher at $90.66/b (2030 BST), while Sep26 NYMEX  WTI was at $84.40/b , also up 2.4% versus Friday's settle.Tensions continued to simmer after the US threatened Iran with an "indefinite" blockade and further financial sanctions , a move which potentially extends the conflict and adds to supply worries.

Oil futures: Crude firmer as MoU deadline ends without resolution

<ul><li>Crude futures extended the firm start to the week on Tuesday as fading prospects for peace talks kept markets on edge after Monday's expiry of the US-Iran MoU.</li><li>Oct26 ICE Brent futures were 0.1% higher at $90.95/b (2030 BST), while Sep26 NYMEX  WTI was at $84.06/b , up 0.4% versus Monday's settle, though both benchmarks had traded higher earlier in the day.</li><li>On Monday, an unnamed senior Iranian official told Reuters that Tehran will shift to a "fully offensive" military position after stalled efforts to negotiate a permanent end to the war, with Washington ruling out extending a temporary ceasefire agreement.</li></ul>

Crude futures extended the firm start to the week on Tuesday as fading prospects for peace talks kept markets on edge after Monday's expiry of the US-Iran MoU.Oct26 ICE Brent futures were 0.1% higher at $90.95/b (2030 BST), while Sep26 NYMEX  WTI was at $84.06/b , up 0.4% versus Monday's settle, though both benchmarks had traded higher earlier in the day.On Monday, an unnamed senior Iranian official told Reuters that Tehran will shift to a "fully offensive" military position after stalled efforts to negotiate a permanent end to the war, with Washington ruling out extending a temporary ceasefire agreement.

Oil futures: Crude extends gains as peace deal remains elusive

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>WTI swung daily as shifting U.S.-Iran signals repeatedly changed the risk premium, while a record inventory build briefly pressured prices before renewed sanctions fears.</li>
<li>WTI options volatility fell while managed money added longs and cut shorts, pointing to improving bullish conviction despite continued demand for downside protection.</li>
<li>Energy ETFs attracted broad inflows, while VLO offered the cleanest exposure to a distillate-led refining rally despite a sharp valuation re-rating.</li>
</ul>


WTI swung daily as shifting U.S.-Iran signals repeatedly changed the risk premium, while a record inventory build briefly pressured prices before renewed sanctions fears.
WTI options volatility fell while managed money added longs and cut shorts, pointing to improving bullish conviction despite continued demand for downside protection.
Energy ETFs attracted broad inflows, while VLO offered the cleanest exposure to a distillate-led refining rally despite a sharp valuation re-rating.


Energy Weekly (W/E 14/Aug): Hormuz Drives Oil Volatility, Positioning Improves, Valero Extends Rally

<ul>
<li>Oil prices gained yesterday in response to President Trump’s threat to bomb Oman, an ally of the United States, if they try to “control” the Strait of Hormuz with Iran.          </li>
<li>At the risk of famous last words, this will never happen, but if we are wrong, President Trump, with respect, will have opened a floodgate difficult to close.                         </li>
<li>In any event, as before, we would be sellers of the prompt NYMEX crude oil contract if it reaches our trading range peak of roughly $88.00 per barrel.               </li>
</ul>


Oil prices gained yesterday in response to President Trump’s threat to bomb Oman, an ally of the United States, if they try to “control” the Strait of Hormuz with Iran.          
At the risk of famous last words, this will never happen, but if we are wrong, President Trump, with respect, will have opened a floodgate difficult to close.                         
In any event, as before, we would be sellers of the prompt NYMEX crude oil contract if it reaches our trading range peak of roughly $88.00 per barrel.               


Morning Market Notes: Oman Need Not Worry, in Our View

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)

Morning Market Notes: Crude Oil Trading Range Peak Remains $88.00 Per Barrel, Basis October NYMEX

Our estimated NYMEX crude oil trading range peak remains at roughly $88.00 per barrel, basis October. If reached, we recommend selling small...

William H Brown III

Oil futures: Crude firmer as MoU deadline ends without resolution

Crude futures opened the week firmer as the standoff between the US and Iran continued without resolution...............

Quantum Commodity Intelligence

Oil futures: Crude extends gains as peace deal remains elusive

Crude futures extended the firm start to the week as fading prospects for peace talks kept markets on edge after Monday's expiry of the US-Iran MoU...

Quantum Commodity Intelligence

Energy Weekly (W/E 14/Aug): Hormuz Drives Oil Volatility, Positioning Improves, Valero Extends Rally

WTI remains caught between a volatile geopolitical premium and improving speculative positioning, while strong distillate margins keep Valero’s...

Mint Finance

Morning Market Notes: Oman Need Not Worry, in Our View

U.S. unlikely to bomb Oman. Price jump due primarily to short covering, would not short crude oil until prompt NYMEX crude oil contract tests...

William H Brown III

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