Topic

Oil Research

The oil market is currently shaped by significant geopolitical shifts, most notably a tentative 60-day ceasefire between the US and Iran that has brought Brent prices to approximately $92 per barrel. Despite the potential for increased energy flows resulting from these negotiations, institutional research suggests a strong price floor, with Brent unlikely to fall below $90 per barrel due to critically depleted reserves. Market participants remain attentive to the Strait of Hormuz conflict, which continues to drive volatility across global currency markets and complicates the economic outlook. From a fundamental perspective, the Energy sector remains a standout performer, accounting for a significant portion of the 7% year-to-date upgrades in 2026 US earnings estimates. Furthermore, energy-driven inflation risks persist as a primary concern for central banks, influencing policy decisions in regions like the Eurozone and Poland. This interplay between supply constraints, geopolitical developments, and robust sector-specific fundamentals underscores the current complex landscape for energy commodities.

2213 reports available

Oil Markets: Cutting Forecasts

HSBC·Jul 8, 2026

HSBC has cut its Brent crude price forecasts for 2026 and 2027, citing an accelerated rebalancing of oil markets and a structural shift toward supply surplus. The report highlights the return of Gulf oil exports and permanent demand destruction in China as key factors.

Global Oil Fundamentals

UBS·Jul 1, 2026

UBS has lowered its 2026-27 oil price forecasts citing faster-than-expected oil flow recovery through the Strait of Hormuz following a US-Iran MoU. Markets currently face near-term oversupply, though price support may return in 2027 through inventory restocking.

Oil Market Flash US Iran

HSBC·Jun 15, 2026

The 14 June US-Iran memorandum of understanding provides a roadmap for de-escalation and potential reopening of the Strait of Hormuz. However, physical logistics and implementation risks suggest a gradual supply recovery, keeping the oil market in a deficit through the third quarter of 2026.

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.

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.

Strait of Hormuz Daily Tracker

Morgan Stanley·Jun 30, 2026

This report provides a daily update on tanker activity through the Strait of Hormuz, covering transit counts, vessel details, and relevant geopolitical newsflow.

Energy, Utilities & Mining Pulse

Goldman Sachs·Jun 5, 2026

US Energy Natural Resources Conference Playbook

J.P. Morgan·Jun 18, 2026

Energy Review

UBS·Jul 8, 2026

All reports

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