Topic

Energy Sector Research

Global energy markets are currently defined by significant supply-side volatility and geopolitical tension, notably the closure of the Strait of Hormuz which has removed 10.5mb/d of Persian Gulf output. While US exports have surged to 5.6mb/d to bridge this gap, research indicates this supply is being drawn from dwindling inventories and the Strategic Petroleum Reserve rather than sustainable new production. This structural deficit is compounded by the onset of the US peak summer driving season, which is expected to tighten domestic gasoline supplies and further constrain export capacity. Despite temporary relief from potential Middle East ceasefire rumors, institutional analysts suggest that risks to oil prices remain skewed to the upside due to ongoing regional strikes. On the fundamental side, the Energy sector remains a primary driver of positive S&P 500 earnings revisions, with 2026 estimates being upgraded by 7% year-to-date. Central banks, particularly the RBNZ, are increasingly focused on energy-driven inflation as a key headwind to monetary easing. Ultimately, the combination of elevated refinery margins and falling global product inventories leaves the market highly vulnerable to a prolonged supply deficit.

4816 reports available

Energy Equities Stabilize, Cracks Rise, Oil / WCS Fall thumbnail

Energy Equities Stabilize, Cracks Rise, Oil / WCS Fall

Jefferies·Jun 27, 2026

The energy sector outperformed the S&P 500 last week, driven by strength in US Refining, while Integrated energy companies underperformed.

US Energy Natural Resources Conference Playbook thumbnail

US Energy Natural Resources Conference Playbook

J.P. Morgan·Jun 18, 2026

This report serves as a playbook for the 2026 J.P. Morgan Natural Resources Conference, highlighting key thematic drivers in US Energy, specifically the nexus of power generation, data center demand, and shifting market sentiment in IPPs and E&P companies.

Oilfield Services US Drilling Rig Report And Comps thumbnail

Oilfield Services US Drilling Rig Report And Comps

RBC Capital Markets·Jun 27, 2026

This report tracks US land rig activity, noting a weekly increase of 10 rigs to 561 total. It also provides performance comparables for oilfield service companies against the backdrop of an 8% drop in WTI crude prices.

US Energy Sector Specialist Commentary thumbnail

US Energy Sector Specialist Commentary

J.P. Morgan·Jun 8, 2026

This report covers the impact of escalating Middle East conflicts on energy markets, the historic drawdown in cyclical vs. defensive equities, and updates on JP Morgan's coverage of energy and mining stocks.

Global Weekly Kickstart thumbnail

Global Weekly Kickstart

Goldman Sachs·Jul 6, 2026

Global markets are navigating a sharp rotation out of recent momentum winners as the Q2 earnings season begins. Expectations for EPS growth are elevated, particularly within US AI infrastructure and European Energy sectors.

Global Weekly Kickstart thumbnail

Global Weekly Kickstart

Goldman Sachs·Jun 22, 2026

Global equities extended gains last week as Middle East tensions eased. Markets are navigating a new 'Post Modern' investment cycle marked by a capex supercycle and higher macro volatility.

Equity Compass

UBS·Jun 18, 2026

Global Markets Strategy Equity Strategy

J.P. Morgan·Jul 6, 2026

The RIC Report

Bank of America·Jul 8, 2026

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