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Energy Markets
Everything Briefed has filed against Energy Markets, most recent first.
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Oil holds near recent range as traders watch OPEC+ supply signalsBrent is drifting sideways again this morning with no fresh catalyst, leaving traders parked between soft demand data and OPEC+ discipline. Nobody's forcing a breakout either way today.Oil majors are having a very good warDiamondback Energy just raised production guidance and reported surging profit, and the mechanism is simple: Middle East conflict has pulled non-OPEC supply into the gap, with Brazil's oil output h…Putin admits Russia has fuel shortages. That is a significant concession about the cost of the war.A Russian president publicly acknowledging domestic fuel supply problems is not a routine data point. Ukrainian drone strikes on Russian refineries have forced the admission, and the operational lo…China's tech energy demand is breaking every forecast model built before the AI boomElectricity demand from Chinese data centres and AI infrastructure is expanding fast enough to invalidate the models that grid planners and energy investors were using as recently as 18 months ago.…The oil shortage narrative just inverted. A glut is already formingThe market spent months pricing a sustained supply crisis. The mechanism that would have caused it is now unwinding faster than the consensus assumed. A preliminary US-Iran deal includes an immedia…Beach Energy resets for M&A pivotBeach Energy CEO Brett Woods is positioning the company as both buyer and takeover target after Australia's domestic gas reservation push increased strategic value for gas-focused producers. Woods …Goldman raises oil forecast as Hormuz disruption drags onGoldman expects Brent crude to hit $71 per barrel in Q4, up from its previous $66 forecast, but warns of $140 spikes if the Strait stays closed. The bank models 21 days of low flows followed by 30-…Oil crashes 13% on Iran ceasefire but fragility concerns mountBrent crude plunged 13% to around $95 per barrel following Trump's Iran ceasefire announcement, marking the steepest oil drop since the 1991 Gulf War. The selloff reflects hopes Iran will reopen th…