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.
NYMEX is where WTI crude oil futures trade. Understanding what it is, how it works, and how it differs from ICE — where Brent trades — explains a lot about how the oil price you see on a screen gets set.
When you see an oil price quoted on a financial news site, you're almost always looking at the front-month futures contract. Here's what that means and why it matters.
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.
Natural gas and crude oil are both fossil fuels, but their prices often move independently. Here's why, and when the relationship actually matters.
Every Wednesday morning, the U.S. Energy Information Administration releases a report that moves oil prices more reliably than almost anything else. Here's how to read it.
OPEC+ is the most powerful production cartel in the world. Here's how it works, who's in it, why it matters, and where its limits are.
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.
Two benchmarks dominate global oil pricing. Here's why both exist, how they differ, and what the spread between them tells you about the market.
WTI. West Texas Intermediate, is the benchmark for U.S. oil pricing. Here's what it actually is, where it comes from, and why it matters.