Social•Feb 10, 2026
US Refineries Pivot From Canadian to Venezuelan Heavy Crude
US refinery heavy crude sourcing from Canada (red) vs Venezuela (pink), compared to refinery capacity (blue) 2010 on the left, 2024 on the right https://t.co/nKOX5T7tGn
By Rory Johnston
Social•Feb 10, 2026
Gulf Coast Refineries Boost Capacity, Replace Imports with Shale Oil
US Gulf Coast refineries (PADD3) have continued to grow distillation capacity while dramatically shrinking imports, displacing imported light and medium crudes with domestic light tight oil from the Shale Patch https://t.co/6EezXrbiQL
By Rory Johnston
Social•Feb 10, 2026
USDA Cuts Global Corn, Wheat Stocks; Soy up on Brazil
USDA's estimates for global corn and wheat ending stocks come in below expectations/last month (ending wheat's run of surging each month as harvests surpassed predictions). Soy stocks are up on a massive 180 mmt Brazilian crop. https://t.co/kM88lO1Zbq
By Karen Braun
Social•Feb 10, 2026
Bitcoin Faces Downside Risk; Gold Remains Strong
Technical analysis made simple with Kevin Wadsworth of Northstar & Bad Charts. We break down his case for more downside risk (bitcoin to bottom in Q3/Q4?) and the Capital Rotation Event: why many assets look bearish while gold holds strong. https://lnkd.in/gfkuCG2A
By Natalie Brunell
Social•Feb 10, 2026
USDA Lifts Brazil 2025/26 Soybean Forecast to 180 Mt
USDA pushes Brazil's 2025/26 soybean harvest to 180 million metric tons. No changes to corn or to Argentina's crops. https://t.co/D2KarYYtVJ
By Karen Braun
Social•Feb 10, 2026
USDA Lifts Corn Export Outlook, Cuts Ending Stocks
U.S. corn ending stocks decrease from last month as USDA bumps exports to 3.3 billion bushels. Minimal/no changes in wheat and beans. https://t.co/FpMZKyhSPO
By Karen Braun
Social•Feb 10, 2026
Gold and Silver Bull Market Persists, Keep Cash Ready
I had a great chat with Peter Spina @goldseek at #VRIC. We covered why this still looks like a real gold/silver bull market, why I keep cash ready, and where early-stage opportunity is hiding. Full interview 👇
By Jeff Clark
Social•Feb 10, 2026
Permian Wells Surge 13% as Crews Work Smarter
The frac spread count measures the number of completion crews actively fracturing a well. In the Permian, the frac spread count averaged ~100 crews in 2025, 3% higher than the 2024 average. Yet operators completed a total of ~6,800 wells,...
By T. Mason Hamilton
Social•Feb 10, 2026
Brent Futures Steepen Backwardation, WTI Weakens
The Brent (white) and WTI (blue) futures curves are telling rhyming but importantly different stories right now Both have a backwardated front, depressed belly into contango past 2027 But Brent curve seeing steepening prompt backwardation (70c/bbl now) while WTI weakening (20c) https://t.co/5ZyF18ZPDO
By Rory Johnston
Social•Feb 10, 2026
Analysts Anticipate Stable US/World Stocks, Brazil Crop Gains
All trade estimates for USDA's supply & demand report due Tuesday at 11 am CT. On average, analysts don't expect major changes to U.S. and world stocks, though Brazil's corn and soybean crops could increase. U.S. demand will also be...
By Karen Braun
Social•Feb 10, 2026
BP Finally Admits Debt Exceeds $50 Billion, Not $22 Billion
Regular readers know we at @Opinion had flagged BP had far more debt than the company's prefered metric (~$22 bn). Look at net debt + hybrids + leases + off-balance sheet items and it's >$50 bn. Now, BP acknowledges the issue...
By Javier Blas
Social•Feb 10, 2026
Gold Surges Past $5,000 Amid Debt Monetization Fears
Gold is back above $5,000. The rise in gold is one manifestation of the debasement trade, which is about markets seeking safe havens from debt monetization. Big thanks to @DavidWestin from @BloombergTV for all the right questions and a great...
By Robin Brooks
Social•Feb 10, 2026
BP's Looney and Auchincloss Tenure a Board‑Enabled Disaster
Further thought on BP: Today proves, if ever there was a need of further proof, what a disaster the tenure of Bernard Looney and Murray Auchincloss were for the UK oil major. (...all permited / encouraged by a weak board...)
By Javier Blas
Social•Feb 10, 2026
BP Halts $750M Quarterly Buyback Over Mounting Debt
In view of BP's announcement this morning it's cancelling its $750-million-a-quarter share buyback, let me re-publish yesterday's @Opinion note arguing the British oil major couldn't afford it anymore. It comes down to debt -- lots of debt. https://t.co/23vNRD4Nsw
By Javier Blas
Social•Feb 10, 2026
China May Smash Coal Output Record if Imports Fall
Will China's coal production hit another record this year? 🇨🇳🪨 China’s main coal industry body warns that imports may fall if Indonesia moves to restrict shipments They see production hitting a record 4.86 billion tons in 2026, but could go higher if...
By Stephen Stapczynski
Social•Feb 10, 2026
Russian Tankers Route to Singapore Despite Sanctions, China Shift
Russian oil tankers list Singapore as destination amid sanctions and shift to China, LSEG data shows https://t.co/1md44bH813
By Guy Faulconbridge
Social•Feb 10, 2026
Seventh Sanctioned Russian LNG Tanker Navigates Red Sea
⛄️⛄️⛄️Sanctions? What sanctions? Where are you going, Zarya? This is going to be the 7th LNG carrier passing the Red Sea carrying Russian LNG. This is a sanctioned tanker carrying LNG from the sanctioned Arctic LNG 2. Map from @Kpler
By Anas Alhajji
Social•Feb 10, 2026
India Shuns Urals, China Gets Cheaper Russian Oil
🇮🇳Indian refiners' reluctance to take Russian Urals crude shipments is pushing these discounted cargoes toward buyers like China & others, making them even cheaper in those markets—while the Indian refiners turn to replacement crudes at international prices. An Urals cargo...
By Anas Alhajji
Social•Feb 9, 2026
Mexico’s Refineries Hit Highest Crude Processing Since 2014
🇲🇽🏭 Mexican refineries are processing more crude right now than any time since 2014. Thanks most obviously to the start-up of the Dos Bocas refinery, but helped along by high utilization across other large facilities. https://t.co/wEpnmiM8He
By Rory Johnston
Social•Feb 9, 2026
Gold Surges Past $5,000 Amid Reckless Fiscal Policy
Gold is back above $5,000. The rally in precious metals is reckless and crazy, but so is global fiscal policy. At some point over the past 20 years, policy makers who believe in keeping public debt stable stopped existing. Makes...
By Robin Brooks
Social•Feb 9, 2026
Brazil's Corn, Soybean Harvests Expected to Rise; Argentina Steady
🇧🇷Analysts are expecting upside to Brazil's corn and soybean harvests in USDA's report on Tuesday. 🇦🇷Argentina's crops, on average, are not predicted to move much from the January forecast. https://t.co/D3Jg3BAIYv
By Karen Braun
Social•Feb 9, 2026
Canadian Oil Output Hits Record, Boosting Continental Production
📊 Fresh N. American Oil Data 📊 Continental petroleum output hits fresh high-water mark with Canadian supply reaching all-time highs amidst a bounceback in oilsands activity, offsetting flat-ish production in the US and Mexico Check out the Full report: https://t.co/7Xk7El7r1l
By Rory Johnston
Social•Feb 9, 2026
Wheat Export Inspections Outpace USDA Target by 61 M Bushels
Marketing year to date #wheat export inspections exceed the seasonal pace needed to hit USDA's target by 61 million bushels, up from 56 million bushels the previous week. #oatt
By Arlan Suderman
Social•Feb 9, 2026
LNG Tightens Longer as Qatar, US Delays Stall Supply
Global LNG market is at risk of being tighter for longer 🚢 ⚠️ 🇶🇦 Qatar is pushing back start of its massive expansion to end 2026 🇺🇸 Golden Pass plant in the US delayed to at least March Supply chain bottlenecks threaten...
By Stephen Stapczynski
Social•Feb 9, 2026
US Corn, Wheat Inspections Beat Forecasts; Beans Headed to China
🇺🇸U.S. corn & wheat export inspections exceeded all trade estimates last week. Two-thirds of the week's inspected bean cargoes were destined for China, predominantly out of the Gulf. https://t.co/e3b34Q6I3g
By Karen Braun
Social•Feb 9, 2026
Corn and Soybean Export Inspections Top Weekly Totals
Export inspections for the week ending Feb. 5 (mln bu) #corn 51.5, grain sorghum 4.9, #soybeans 41.7, #wheat 21.3 #oatt
By Arlan Suderman
Social•Feb 9, 2026
Permian Operators Complete 3,600 Wells via Simul Frac
U.S. operators in the Permian region of Texas and New Mexico completed ~3,600 wells in 2025 using simultaneous hydraulic fracturing (simul frac), a technique that minimizes completion crew time on well pad sites by completing two wells simultaneously. https://t.co/FxdE8jlBs7 Well completion occurs...
By T. Mason Hamilton
Social•Feb 9, 2026
Cuba's Fuel Shortage Forces Airport Closures and Hotel Shutdowns
Cuba is running out of oil. The island warned airlines that they wouldn't be able to re-fuel at its 9 major airports from Tuesday for at least one month. The Communist government has closed international hotels to save fuel, too. In...
By Javier Blas
Social•Feb 9, 2026
USDA Confirms 264
USDA confirms the sale of 264,000 tons of U.S. soybeans for delivery to China in 2025/26.
By Karen Braun
Social•Feb 9, 2026
2020 Model Predicted No Oil Peak; Experts Now Retreat
🚨Today's news vs my prediction 5 years ago: 👔My model to 2050 showed no peak in oil demand. That was in 2020. 🪶Many have retreated from their "peak demand" predictions. The latest is from Vitol: 🐼Vitol Pushes...
By Anas Alhajji
Social•Feb 9, 2026
Trump Tariff Keeps India From Returning to Venezuelan Oil
🔴 Here is something to think about: 🇮🇳 If President Trump had not imposed the additional 25% tariff on India for importing Russian oil—and with Venezuelan crude now becoming available—would Indian refineries resume buying Venezuelan oil, as they did in the...
By Anas Alhajji
Social•Feb 9, 2026
BP Should Halt $750M Buybacks for New CEO
COLUMN: Britrish oil giant BP should suspend its $750 million quarterly share buybacks to give incoming CEO Meg O'Neill (who arrives in April) extra financial breathing room. @Opinion $BP https://t.co/23vNRD4Nsw
By Javier Blas
Social•Feb 9, 2026
Vitol Pushes Global Oil Demand Peak to Mid‑2030s
CHART OF THE DAY: Vitol, the world's largest independent oil trader, shifts its view on global peak oil demand: higher and later. Now, Vitol sees a peak by the "mid" 2030s (previously it anticipated "early" 2030s). Peak demand seen at ~112m...
By Javier Blas
Social•Feb 9, 2026
Illegal Iran-India Fuel Smuggling Fuels Refineries, Not Politics
This has nothing to do with Trump's phone call. These are very small shipments of smuggled petroleum products (not crude) that are illegal in both Iran and India. (One of the ships was empty.) These are usually managed by gangs,...
By Anas Alhajji
Social•Feb 7, 2026
Russia's Gold Reserves Top $400 Billion for First Time
🚨 Russia’s gold reserves have officially crossed the $400 billion mark for the first time ever. The milestone reflects years of aggressive gold accumulation, accelerated by rising prices and a strategic shift away from reliance on foreign currencies. Follow for more macro...
By cryptosauce_
Social•Jan 31, 2026
Silver Suffers Steepest One‑day Drop Since 1921
January 30, 2026 . . . . Worst one day % drop in silver prices since 1921.
By Errol Anderson