Goodbye February (Futures), Hello Backwardation.

A Primer on RIN's and Futures Prices

The Market Voted: Production Cuts > Lockdown Effects

The Lasting Impact of 2020

Is The US Market Structure Sending the Wrong Signal?

Weak Backwardation?

Distillate Throws The Market a Lifeline

Is Backwardation a Possibility?

A Biden Presidency vs Existing Trends in Oil Markets

Crude Oil Complex Pushes Towards its Lows as the UK Adds Another Wrinkle to the Story

Curve Shape vs Price Trend

A Primer on Mexico's Annual Hedge Deal

The Relative Strength of WTI

Major Shifts in Supply or Demand Lead to Market Optimization

The Relative Strength of WTI

Calendar Spreads Take a Hit While Markets Wait for Winter Demand

We Have Entered The Shoulder Months

What Happens After Mean Reversion?

Storm-Induced Backwardation?

Where are the Margins?