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 futures rallied more than 5% Wednesday amid renewed hostilities between the US and Iran, prompting US President Donald Trump to declare the current ceasefire as "over", jeopardising the recent increase in oil flows through the Strait of Hormuz.</li><li>Front-month Sep26 ICE  Brent  futures were up 5.93% at $78.56/b (2054 BST), while Aug26 NYMEX WTI  was at  $74.07/b , up 5.15% versus Tuesday's settle.</li><li>Benchmarks extended the week's upbeat tone after the US launched strikes on Iran and revoked a temporary waiver of sanctions on Iranian oil, which in turn followed strikes on three commercial vessels around the Strait of Hormuz.</li></ul>

Crude futures rallied more than 5% Wednesday amid renewed hostilities between the US and Iran, prompting US President Donald Trump to declare the current ceasefire as "over", jeopardising the recent increase in oil flows through the Strait of Hormuz.Front-month Sep26 ICE  Brent  futures were up 5.93% at $78.56/b (2054 BST), while Aug26 NYMEX WTI  was at  $74.07/b , up 5.15% versus Tuesday's settle.Benchmarks extended the week's upbeat tone after the US launched strikes on Iran and revoked a temporary waiver of sanctions on Iranian oil, which in turn followed strikes on three commercial vessels around the Strait of Hormuz.

Oil futures: Crude extends rally as Middle East hostilities resume

<ul><li>Crude futures extended the week's firm gains early Thursday after the US struck Iranian targets for a second night, coming after US President Donald Trump declared that the ceasefire with Iran was over as tensions flared again.</li><li>Front-month Sep26 ICE  Brent  futures were up 1% at  $78.84/b (0140 BST), while Aug26 NYMEX WTI was at $74.32/b , up 1.1% versus Wednesday's settle.</li><li>The latest round of airstrikes reportedly included Iran's Bushehr IRGC barracks, prompting fears of a major escalation in the conflict after Iran had targeted US facilities in Bahrain and Kuwait overnight Tuesday.</li></ul>

Crude futures extended the week's firm gains early Thursday after the US struck Iranian targets for a second night, coming after US President Donald Trump declared that the ceasefire with Iran was over as tensions flared again.Front-month Sep26 ICE  Brent  futures were up 1% at  $78.84/b (0140 BST), while Aug26 NYMEX WTI was at $74.32/b , up 1.1% versus Wednesday's settle.The latest round of airstrikes reportedly included Iran's Bushehr IRGC barracks, prompting fears of a major escalation in the conflict after Iran had targeted US facilities in Bahrain and Kuwait overnight Tuesday.

Oil futures: Crude extends gains as US pummels Iran for second night

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Takeaways upfront: No container shipping through Suez towards Europe and price increases ahead; Energy and dry bulk shipping is still alive; Expect transportation and apparel to see price increases in Europe; Hedging 2024 portfolios with long Shipping bets and/or long Energy bets make increasing sense.</li><li>Happy New Year everyone! Things are escalating in the Red Sea as shipping giants such as Maersk and Hapaq-Lloyd haven’t been convinced by the military efforts in the Red Sea and have now completely avoided transporting goods from Asia to Europe through the Red Sea.</li><li>That can be seen in prices which have seen one-way traffic the last week. Freight rates are up &gt;100% this week, and we hear from sources that Maersk is now suggesting an all-in rate of USD 6000 TEU.</li></ul>

Takeaways upfront: No container shipping through Suez towards Europe and price increases ahead; Energy and dry bulk shipping is still alive; Expect transportation and apparel to see price increases in Europe; Hedging 2024 portfolios with long Shipping bets and/or long Energy bets make increasing sense.Happy New Year everyone! Things are escalating in the Red Sea as shipping giants such as Maersk and Hapaq-Lloyd haven’t been convinced by the military efforts in the Red Sea and have now completely avoided transporting goods from Asia to Europe through the Red Sea.That can be seen in prices which have seen one-way traffic the last week. Freight rates are up &gt;100% this week, and we hear from sources that Maersk is now suggesting an all-in rate of USD 6000 TEU.

Suez Watch: Massively Rising Container Freight Rates, While Dry Bulk, LNG and Crude Rates More Muted

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

<ul>
<li>Even though the number of observations is limited, we believe looking at the broader picture surrounding previous Bitcoin halvings provides valuable insights.</li>
<li>For example, all previous halvings occurred during equity bull markets, modest GDP growth, mild inflation, and easy or easier Federal Reserve monetary policy. Similar circumstances are on the horizon.</li>
<li>Declining Bitcoin supply, because of the halving and the rise of long-term investors, combined with the approval of US spot Bitcoin ETFs will likely become this halving's catalyst.</li>
</ul>


Even though the number of observations is limited, we believe looking at the broader picture surrounding previous Bitcoin halvings provides valuable insights.
For example, all previous halvings occurred during equity bull markets, modest GDP growth, mild inflation, and easy or easier Federal Reserve monetary policy. Similar circumstances are on the horizon.
Declining Bitcoin supply, because of the halving and the rise of long-term investors, combined with the approval of US spot Bitcoin ETFs will likely become this halving's catalyst.


Taking the Bitcoin Halvings Out of Isolation

External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The sector recorded 1 hydrocarbon discovery during the month — Bobi Deep (operated by OGDC).</li><li>The sector also reported a dry well, Taban East (Gambat South), operated by PPL.</li><li>Oil and gas production rose 26% and 15% YoY, respectively, driven by the disruption in supply of RLNG.</li></ul>

The sector recorded 1 hydrocarbon discovery during the month — Bobi Deep (operated by OGDC).The sector also reported a dry well, Taban East (Gambat South), operated by PPL.Oil and gas production rose 26% and 15% YoY, respectively, driven by the disruption in supply of RLNG.

Oil & Gas Exploration: Takeaways From Monthly Activity Report - Jun 2026

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 extends rally as Middle East hostilities resume

Crude futures rallied more than 5% Wednesday amid renewed hostilities between the US and Iran, jeopardising the recent increase in oil flows...

Quantum Commodity Intelligence

Oil futures: Crude extends gains as US pummels Iran for second night

Crude futures extended the week's firm gains after the US struck Iranian targets for a second night, coming after Donald Trump declared that the...

Quantum Commodity Intelligence

Suez Watch: Massively Rising Container Freight Rates, While Dry Bulk, LNG and Crude Rates More Muted

Takeaways upfront No container shipping through Suez towards Europe and price increases ahead; Energy and dry bulk shipping is still alive...

Steno Research

Taking the Bitcoin Halvings Out of Isolation

Taking an in-depth look at previous Bitcoin halvings by taking them out of isolation by adding economic and market circumstances: Why Spot Bitcoin...

Jeroen Blokland

Oil & Gas Exploration: Takeaways From Monthly Activity Report - Jun 2026

The sector recorded 1 hydrocarbon discovery during the month — Bobi Deep (operated by OGDC). The sector also reported a dry well, Taban East...

Topline Securities

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52-week Range

Market Cap (USDm)

P/E

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