The World Bank, IEA, Goldman Sachs, and EIA all publish oil price forecasts for 2026 and 2027. Here's what they're projecting, why the ranges are so wide, and what has to happen for each scenario to play out.
The oil forward curve shows what futures markets think oil will cost months or years from now. Here's how to read it, what it actually tells you, and what the current curve says about the Hormuz crisis.
The US Strategic Petroleum Reserve holds about 700 million barrels in Gulf Coast salt caverns. Here is how a release works, how long it takes to reach the market, and why it helps less against prolonged disruptions than brief ones.
Brent crude is trading about $8 above WTI right now. Here is what drives that gap, why it matters, and what the current spread says about global supply.
The IEA publishes the monthly Oil Market Report that moves prices and sets the global supply narrative. Here's what it is, how it works, and why it's not the same as the EIA.
Twenty percent of the world's oil supply moves through a waterway 21 miles wide at its narrowest point. Here's what Hormuz is, why it matters, and what happens when it closes.
Oil at $200 would require multiple simultaneous supply shocks. Here are the specific conditions that could push crude to that level — and how likely each one is.
Diesel is simpler to refine than gasoline, so why does it cost more? Taxes, global demand, and a shift in world energy markets changed the math sometime around 2004.
The SPR is the world's largest emergency oil stockpile, and the U.S. government has used it as a market tool more than once. Here's how it works and why it matters.
The price on the pump sign isn't random, it's the sum of crude oil, refining margins, distribution, taxes, and the station's razor-thin cut. Here's how it all adds up.
The shape of the oil futures curve reveals more about supply and demand than any single headline. Here's how to read it, and why it matters more than the spot price.
Houston is the energy capital of the world. When oil prices move, the city moves with them, though the relationship is more nuanced than it used to be.
Oil prices don't move randomly, even when it feels that way. Here are the actual drivers, supply, demand, sentiment, and the variables that connect them.