Energy Markets Daily

Tuesday, November 10, 2026. CRUDE OIL CHART SETUP. WTI consolidating $113-$114. Bull flag formation. Support $111.50. Resistance $116-$117. Breakdown risk below $111. BRENT: $122-$125 range. Bull flag parallel WTI. Support $120, resistance $126-$128. MOVING AVERAGES (WTI): 20MA $112.80, 50MA $109.60, 200MA $106.50 (bullish alignment). MA stack support $109. INDICATORS (WTI): RSI 68 overbought rele...

Monday, November 9, 2026. CRUDE OIL HOLDING. WTI near $113-$114. Brent elevated $122-$125. Six-month highs approaching. Geopolitical premium intact. Week 45 opens strong bull structure. WTI close $113.50-$114.20. Intraday range $111-$115.50. Six-month high $115.30 (previous). Support $111, $109. Resistance $115, $117. Pattern bullish impulse intact. MAs: 20MA $112.80, 50MA $109.60, 200MA $106.50 (...

Wednesday, November 4, 2026. CRUDE OIL: WTI $96.82 (down $7 from Mon $104). Election day complete. DIPLOMACY ON TABLE: US-Iran talks intensive (Qatar mediating). Iran reopening Strait of Hormuz if US lifts oil sanctions, ends blockade, unfreezes assets, ends war including related fronts (Lebanon), related steps (Iran-Oman transit). Two-day timeline discussed. If deal happens, war premium evaporate...

Tuesday, November 3, 2026. CRUDE OIL TECHNICALS: WTI near $96-97. Sharp selloff overnight on diplomatic hopes (US-Iran talks). Down 4-7% from Monday $104. KEY LEVELS: Support $95 (Oct low, psychological floor), $93-94 below. Resistance $99-100 (key pivot). Break above $100 reclaims bull bias. INDICATORS: RSI split—some charts oversold (RSI <30), MACD negative shorter timeframes, momentum weak....

Monday, November 2, 2026. CRUDE OIL: WTI $104.17 close (Nov 1), $104.12 (Oct 30). Week consolidating near $104. October range $91.85-$105.25. Brent ~$113 (Nov 1), spread ~$9.31 (maritime risk premium narrowing from double digits). YTD: WTI +68% from Jan start, Brent +75%. STRAIT OF HORMUZ ESCALATION: 30+ attacks October (vs 14 Sept). Late Oct-Nov 1 window: Limpet mine attack tanker LOUISE 1 (unver...

Friday, October 29, 2026. FINLAND ENERGY OVERVIEW. Highest renewable electricity shares globally. Nordic union Sweden/Norway. Nuclear baseload. Hydro seasonal. Wind growing. LNG strategic post-Russian disruption. ELECTRICITY: Capacity ~17 GW. Generation 2025-2026: 40-45% nuclear baseload (3 reactors + Olkiluoto 3 new 2.2 GW 2023), 20-25% hydro seasonal, 20-25% wind growing, 10-15% biomass, 2-3% so...

Thursday, October 29, 2026. NEW YORK ENERGY OVERVIEW. Among highest electricity demand U.S. states. Primarily natural gas, hydro, nuclear, renewables. Oil refining limited. No shale gas due to fracking ban 2014. OIL & NATURAL GAS: Oil production ~300 bbl/d conventional (legacy declining). Shale gas: Zero (Marcellus Shale exists but prohibited). Natural gas: Minimal intrastate, 100% import-depe...

Wednesday, October 28, 2026. CRUDE OIL CONSOLIDATION. WTI holding near $100. Brent elevated $108-$110. EIA inventory report released. Crude build ~1.2M barrels met expectations. Gasoline draw -200k barrels. Distillate build +600k. Refinery utilization 91% steady. SPR releases continuing. WTI close $99.50-$100.30. Intraday range $98-$102. Triangle compression intact. MAs bullish maintained. Support...

Tuesday, October 27, 2026. Technicals: Week 43, Tuesday Update. WTI consolidating $99.80-$100.20. Triangle compression zone $99.50-$102.50. Support $98.50, $96.50. Resistance $102.50, $104, $106. MAs bullish stack (20/50/200). RSI 55-70 neutral-overbought. MACD positive crossover. Elliott Wave impulse targeting $106-$109 above. Downside risk below $99.50 triggers stop cascade to $96.50. Brent $109...

Monday, October 26, 2026. CRUDE OIL PULLBACK. WTI easing from six-month highs. Brent correcting elevated levels. Geopolitical hedges releasing pressure. Week 43 consolidation setup. WTI: Current ~$101-$101.63 pullback from highs. Recent range $100-$105. Six-month high ~$112.95 (Sep 2026). Support $99-$100, $97-$98, $95. Resistance $103-$104, $105-$106. Technical: Daily chart consolidation after ra...

Friday, October 23, 2026. ETHIOPIA ENERGY OVERVIEW. Ranks 2nd-highest hydropower potential Africa. Energy sector 95-97% hydropower-dependent. Rapid geothermal, natural gas, renewable diversification. HYDROELECTRIC: Grand Ethiopian Renaissance Dam (GERD) 5,150 MW installed (Africa's largest). Inaugurated 2025, full generation FY 2025-26. Contribution 51.5% generation. Drought-vulnerable. Other dams...

Thursday, October 22, 2026. VENEZUELA ENERGY OVERVIEW. Ranks among world's largest proven crude reserves (~300B bbl, majority heavy-extra-heavy Orinoco Belt). Production severely impacted by U.S. sanctions, underinvestment, geopolitical crisis. 2026 shows recovery amid eased sanctions. CRUDE OIL PRODUCTION: Current Sep 2026 ~1.2M bbl/d (PDVSA). Recovery from crisis lows 250K-350K (2021-23). Q3 202...

Wednesday, October 21, 2026. CRUDE OIL UPDATE. WTI sustaining mid-ninety-seven range. Brent elevated 107-109. Hormuz disruption persisting. Geopolitical hedges active. Mid-week consolidation. WTI: ~$97.20-$97.85 consolidation zone. Support $96.35, resistance $99.24-$99.69. Brent: $107.50-$109 bullish. Support $105.50, resistance $109+. Spread narrowing $10+. Henry Hub $3.02-$3.04 steady neutral. H...

Tuesday, October 20, 2026. WTI CRUDE OIL TECHNICAL. Current (Oct 19) ~$97.53-$97.74. Support: Immediate ~$96.35-$96.55 (daily pivot), Zone A $94.81-$94.37 (Fib 38.2%), $92.60-$93, $91.87 (S3), $88-$89 (structural). Resistance: $99.24-$99.69 (near-term, break opens upside), $101.35-$101.78 (daily R1), $102.18-$103.65, $104.54-$105.25, $110-$120 (longer-term). Indicators: RSI 62-65 (neutral-bullish,...

Monday, October 19, 2026. CRUDE OIL UPDATE. WTI surged from $91-92 (Oct 12) to $97.53-$97.74 (Oct 19, -1.14% day-over-day). 5-6 dollar rally week-over-week. Month-to-date up ~$9-10 from early Oct lows near $88. YTD up ~48-52%. Trend: Consolidation likely $95-$99. Support $92-$94, resistance $100+. Volatility elevated. Brent rallied $104-$105 (Oct 12) to $107.89-$108.09 (Oct 19, -1.64% day-over-day...

Friday, October 16, 2026. PAKISTAN ENERGY MARKETS. Net energy importer modest domestic crude oil/natural gas supplemented significant LNG imports. Faces acute short-term LNG supply disruptions Qatar force majeure, elevated import costs winter 2026-27. Reserves concentrated Sindh, Khyber Pakhtunkhwa (KP). CRUDE OIL PRODUCTION: August 2026: 68,600 bpd +10% YoY, -5% MoM. Provincial: KP 49% (33,614 bp...

Thursday, October 15, 2026. NORTH CAROLINA & SOUTH CAROLINA ENERGY MARKETS. Both states have ZERO indigenous crude oil and natural gas production. Net importers all fossil fuels. CRUDE OIL: NC/SC no production/reserves. ~125 exploratory wells NC historically, no commercial success. Offshore Atlantic OCS potential exists (BOEM 2026: 4.50 Bbo, 34.35 Tcf nat gas Atlantic-wide; South Atlantic ~1 T...

Wednesday, October 14, 2026. CRUDE OIL: WTI trading $94.15-$95.52 range, close ~$95.05. Brent $105.71-$106.33 (spread $10-11 maritime risk premium). Oct 13-14 surge: $91.85→$95.05 (+$3.20, +3.5%). YTD up ~63% from Jan. STRAIT OF HORMUZ ESCALATION: 15+ attacks Oct 6-14, 11 in past 4 days (container ship ~50k tonnes, tanker ~19k tonnes hit unknown projectiles, minor damage). 24+ vessels Oct fortnigh...

Tuesday, October 13, 2026. CRUDE OIL TECHNICALS. WTI Oct 12-13: Range $91.30-$93.68 (intraday ~2% volatility), close ~$91.85. SUPPORT: $90 (critical uptrend/psychological), $88.77-$88.75, $86.30-$86.89, ~$85. RESISTANCE: $91.18-$93.61 (immediate testing), $93.54-$95, $96-$97.41. PATTERNS: Triangle compression near $91.40, breakout potential higher. Short-term mixed-downtrend (sellers at resistance...

Monday, October 12, 2026. CRUDE OIL UPDATE. WTI trading mid-ninety range consolidating near $92.41/bbl (Oct 11 intraday $91.89-$92.48). Month-to-date up $3-4 from early Oct lows near $88. YTD up ~47-50%. Support $88-$89, resistance $94-$95. Brent elevated $104-$105/bbl (bullish consolidation). Support $103, resistance $106-$107. YTD up ~50-52%. WTI-Brent spread $12-$13 (maritime risk premium). HOR...

2026 YEAR-IN-REVIEW AND Q4 2026 OUTLOOK. CRUDE OIL: WTI 2026 YTD average $84.01/bbl (range $55.99-$112.95), up 68% from Jan start (~$57 to ~$96 Sep). Q1 ~$72.13, Q2 ~$95.76, Q3 ~$86.94. vs 2025 avg $64.94 (up $29/bbl, +45%). Brent 2026 YTD $93.81/bbl (range $61-$138), up 84% from Jan (~$62 to ~$114 Sep). Q1 ~$66.60, Q2 ~$117.30, Q3 ~$92.40. vs 2025 avg $69.14 (up $24.87, +36%). Recent Oct: WTI ~$9...

Friday, October 9, 2026. TURKEY ENERGY OVERVIEW. Strategic hub, modest domestic oil/gas, rapidly expanding LNG, multiple pipelines, self-sufficiency policy. NATURAL GAS PRODUCTION: Jul 2026 ~128.34M cubic meters monthly (down). Sakarya Black Sea ~109M cubic meters (84.6% onshore), TPAO ~96.5%. Declining (maturing fields, maintenance). NATURAL GAS IMPORTS: Jul ~3.063B cubic meters. Pipeline ~2.869B...

Thursday, October 8, 2026. ALABAMA ENERGY OVERVIEW. Rank #16 nationally by BOE. Small but active onshore/offshore oil and natural gas sector. CRUDE OIL: Jun 2026 ~217.5K bbl monthly, May ~233.2K bbl. Wells ~5,073 (Jun), operators ~54. Conecuh County leads ~119.2K bbl (~229K MCF gas). Mobile ~40.1K bbl, Escambia ~23.4K, Clarke ~10.4K. Cumulative Mobile County ~102.6M bbl (1990+), statewide ~357M bb...

Wednesday, October 7, 2026. RWANDA ENERGY OVERVIEW. No commercial crude oil or conventional natural gas production. Focus Lake Kivu methane extraction, hydroelectric, solar, petroleum imports. LAKE KIVU METHANE: ~60 cubic km dissolved (shared DRC). KivuWatt ~26 MW (2015 operational), Shema Power 56 MW (public-private, $200M, 25-year). Combined ~82 MW current (~21% national electricity 2025). Expan...

Tuesday, October 6, 2026 - LIVE TECHNICAL ANALYSIS. WTI CRUDE: Trading low $90s ($88-$91, four-week low pressure). Support: $84.50-$85 (50% Fib + 100-day SMA confluence - pivotal), $87.35 (near-term floor), $88.20 (swing), $82 (deeper), $80.73 (61.8% Fib). Resistance: $91.16 (near-term), $93.70 (initial), $94.13 (23.6% Fib), $95.91 (strong), $96.35 (next), $98.50 (further), $102.40 (cycle high). P...