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 eased slightly on Friday after US President Donald Trump ruled out immediate attacks on Iran, while Hurricane Isaias has taken a more easterly direction and away from the Louisiana onshore oil hub.</li><li>Front-month Dec26 ICE  Brent futures were 0.2% lower at $104.09/b (2101 BST), while Nov26 NYMEX WTI was at $91.38/b , down 0.1% versus Thursday's settle.</li><li>President Donald Trump said on Thursday the US would not attack Iran before the midterm elections, tempering rising crude oil prices after several US media reports had flagged that renewed military strikes were looking imminent.</li></ul>

Crude oil futures eased slightly on Friday after US President Donald Trump ruled out immediate attacks on Iran, while Hurricane Isaias has taken a more easterly direction and away from the Louisiana onshore oil hub.Front-month Dec26 ICE  Brent futures were 0.2% lower at $104.09/b (2101 BST), while Nov26 NYMEX WTI was at $91.38/b , down 0.1% versus Thursday's settle.President Donald Trump said on Thursday the US would not attack Iran before the midterm elections, tempering rising crude oil prices after several US media reports had flagged that renewed military strikes were looking imminent.

Oil futures: Crude eases as Trump rules out pre-election strike on Iran

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.

<ul>
<li>NYMEX ULSD prices continue to succumb to government intervention, this time in response to President Trump’s deal for Russian diesel.     </li>
<li>We do not believe the agreement will have a sustainable impact on diesel prices over the next few months, however. The price impact of the G7 release was fleeting.            </li>
<li>In response to the Russian deal, we would anticipate that Ukraine will intensify its attacks against Russian refinery assets, despite President Trump’s call for a ceasefire on energy assets.                 </li>
</ul>


NYMEX ULSD prices continue to succumb to government intervention, this time in response to President Trump’s deal for Russian diesel.     
We do not believe the agreement will have a sustainable impact on diesel prices over the next few months, however. The price impact of the G7 release was fleeting.            
In response to the Russian deal, we would anticipate that Ukraine will intensify its attacks against Russian refinery assets, despite President Trump’s call for a ceasefire on energy assets.                 


Monday Macro Update: ULSD: The "Whipping Boy" Of The NYMEX

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events/data impacting our investment themes and outlook.</li>
<li>No sign yet of a reversal in US government bonds and the dollar.</li>
<li>Brent Oil still above $100 despite exports moving back to pre-war levels</li>
</ul>


A review of recent events/data impacting our investment themes and outlook.
No sign yet of a reversal in US government bonds and the dollar.
Brent Oil still above $100 despite exports moving back to pre-war levels


Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

<ul><li>A historically strong El Niño will not rescue Europe’s gas winter.</li><li>Even if the winter runs 1 °C warmer than normal, Europe will need at least 7 million tonnes more LNG than last year, according to Rystad Energy – only at +2 °C does demand fall back to last winter’s level.</li><li>El Niño mainly eases early winter, while the cold risk shifts to February and March, when storage, currently at a record low, will be emptiest.</li></ul>

A historically strong El Niño will not rescue Europe’s gas winter.Even if the winter runs 1 °C warmer than normal, Europe will need at least 7 million tonnes more LNG than last year, according to Rystad Energy – only at +2 °C does demand fall back to last winter’s level.El Niño mainly eases early winter, while the cold risk shifts to February and March, when storage, currently at a record low, will be emptiest.

<ul>
<li>Crude oil futures were sharply higher on Thursday as crude supplies from the Middle East faced ongoing threats, while the US energy sector is set for its first major hurricane of 2026.</li>
<li>Front-month Dec26 ICE Brent futures were 3.9% higher at $104.13/b (2033 BST), having peaked at $105.92/b, while Nov26 NYMEX WTI was at $91.35/b , up 3.5% versus Wednesday's settle.</li>
<li>While crude exports from the Middle East have been running at the highest levels since the start of the US-Iran conflict, attacks on tankers transiting the Strait of Hormuz are also at the highest levels since the war started.</li>
</ul>


Crude oil futures were sharply higher on Thursday as crude supplies from the Middle East faced ongoing threats, while the US energy sector is set for its first major hurricane of 2026.
Front-month Dec26 ICE Brent futures were 3.9% higher at $104.13/b (2033 BST), having peaked at $105.92/b, while Nov26 NYMEX WTI was at $91.35/b , up 3.5% versus Wednesday's settle.
While crude exports from the Middle East have been running at the highest levels since the start of the US-Iran conflict, attacks on tankers transiting the Strait of Hormuz are also at the highest levels since the war started.


Oil futures: Crude soars as tanker attacks increase, US storm threat

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 eases as Trump rules out pre-election strike on Iran

Crude oil futures eased slightly on Friday after US President Donald Trump ruled out immediate attacks on Iran..........

Quantum Commodity Intelligence

Monday Macro Update: ULSD: The "Whipping Boy" Of The NYMEX

NYMEX ULSD prices have declined in response to government steps, including President Trump's Russian diesel deal. Prices are likely to rebound,...

William H Brown III

Overview #81 — More of the Same

A review of recent events/data impacting our investment themes and outlook. Current trends have shown no sign yet of reversal. OIl is flowing...

Rikki Malik

Can El Niño rescue Europe's gas winter?

El Niño mainly eases early winter, while the cold risk shifts to February and March, when storage, currently at a record low, will be emptiest.

The Commodity Report

Oil futures: Crude soars as tanker attacks increase, US storm threat

Crude oil futures were sharply higher on Thursday as crude supplies from the Middle East faced ongoing threats, while the US energy sector is set...

Quantum Commodity Intelligence

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