Latest / Trade with Conviction
Episode 71: Crude tidings: Oil market wrap-up & 2026 forecast
In the final episode of the year, the team breaks down the key macro and geopolitical drivers shaping Q1 2026 and what they mean for the physical barrel. They cut through Venezuela and Ukraine headlines, softening economic signals, and growing oversupply concerns, before moving product by product: distillates enter Q1 on a tighter footing, naphtha remains volatile but structurally supported by East West pull, gasoline shifts from European tightness into contango, and crude emerges as the core problem market unless headlines force a reset.
📚 Chapters
(01:27) Headlines: Venezuela, Ukraine…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.