Heavy Reading Morning Digest

Episodes

1. 21

   Heavy Reading Morning Digest — October 14, 2026

   Late Tuesday a ballistic missile struck an administrative tower at Saudi Aramco's headquarters complex in Dhahran. Saudi Arabia's energy ministry confirmed an attack on an Aramco administrative building that caused a limited fire, with no casualties and petroleum production unaffected. Two more...

   Oct 14, 2026

   3m
2. 20

   Heavy Reading Morning Digest — October 13, 2026

   Russia hit at least six Ukrainian energy targets on Monday, and Kyiv said Moscow is unwilling to accept the energy ceasefire announced Sunday. The market faded the announcement: Brent settled at $106.65 on Monday, its highest settle since September 15, before the overnight session gave back $1.69...

   Oct 13, 2026

   4m
3. 19

   Heavy Reading Morning Digest — October 12, 2026

   Trump posted Sunday that Russia and Ukraine had agreed to an "energy ceasefire" effective immediately — no terms, Russia silent, Zelenskiy awaiting details and offering conditional acceptance. The overnight tape sold about $1.50 on both legs on the announcement. But the Gulf war widened Sunday…

   more
   Oct 12, 2026

   4m
4. 18

   Heavy Reading Morning Digest — October 9, 2026

   Hurricane Isaias strengthened to 90 kt overnight with a Mobile-area landfall early Oct 10; BSEE shut-ins more than doubled Thursday to 1,282,879 b/d (62.89%) with 121 platforms evacuated. Thursday's session was the storm bid: WTI ~+$3.21, Brent ~+$4.08; overnight the tape gave back ~$1 on track...

   Oct 9, 2026

   4m
5. 17

   Heavy Reading Morning Digest — October 8, 2026

   Hurricane Isaias (75 mph, possibly Cat 3) tracks toward a Mobile landfall early Oct 10 with ~511 kb/d of Gulf oil shut in; Houthi strikes killed three at Saudi airports and a tanker took projectiles north of Qatar. Wednesday's session was sold on the IEA agreeing to accelerate the strategic…

   more
   Oct 8, 2026

   4m
6. 16

   Heavy Reading Morning Digest, October 7, 2026

   Brent December traded around $101.6 overnight (+1%) and WTI around $90.2 (+0.9%) after Saudi Arabia confirmed Houthi strikes on Jazan and Najran airports and a Gulf of Mexico storm formed over offshore production. Tuesday's session had Brent trading down to a $97.06 intraday low before recovering...

   Oct 7, 2026

   4m
7. 15

   Heavy Reading Morning Digest, October 6, 2026

   WTI hovered near $89.33 overnight while Brent held around $100.28; Saudi Aramco cut its Arab Light official price for Asia to a six-year low as Middle East exports beat pre-war levels four days last week. The diesel crack settled back above $100 Monday ($101.47). Today's binary: SPR exchange bids...

   Oct 6, 2026

   3m
8. 14

   Heavy Reading Morning Digest, October 5, 2026

   OPEC+ held November targets steady on Sunday and crude faded on the overnight tape (WTI ~$89.69, Brent ~$101.67) while heating oil rose 1.4%, pushing the diesel crack back above $100 on the session print. ING marked the ICE gasoil crack $85 to $70. TMW Nov26 held -$24.13 (ICE, Oct 2) with…

   more
   Oct 5, 2026

   4m
9. 13

   Heavy Reading Morning Digest, October 2, 2026

   Brent settled $102.31 after WSJ reported a third carrier strike group and up to 10,000 troops heading to the Gulf; TMW Nov26 settled -$23.75 (ICE, Oct 1) while WTI rallied, the prompt pricing a November-December egress crunch. Diesel crack $101.74, eighteen straight closes above $100. Pacific…

   more
   Oct 2, 2026

   3m
10. 12

    Heavy Reading Morning Digest, October 1, 2026

    Gulf crude flows are back near pre-war levels and Brent fell to ~$96 in Asia before recovering; the product market is in full distress with record cracks. TMW Nov26 tightened 50c to -$21.60 while December sits widest at -$22.40, staring at the 40-million-barrel SPR exchange.

    Oct 1, 2026

    3m
11. 11

    Heavy Reading Morning Digest, September 30, 2026

    First ICE settlements in days show the WCS front widening $1.40 while both PADD 2 demand binaries break bearish; the Moscow refinery is halted overnight and US tanker enforcement goes transoceanic.

    Sep 30, 2026

    5m
12. 10

    Heavy Reading Morning Digest, September 29, 2026

    Joliet's restart awaits public confirmation, Whiting union talks reconvene today, and crude firms as Hormuz diplomacy stalls.

    Sep 29, 2026

    8m
13. 9

    Heavy Reading morning digest — September 28, 2026

    "A ~275 kb/d Midwest (PADD 2) heavy-crude buyer is back online. Meanwhile Trump rejected Iran's seven-day Hormuz roadmap, and Ukraine's campaign against Russian refineries hit its biggest weekend of 2026."

    Sep 28, 2026

    4m
14. 8

    Heavy Reading morning digest — September 27, 2026

    "Trump publicly rejected Iran's 7-day Hormuz plan Saturday — Friday's crude selloff may not survive the Sunday reopen. But Gulf tanker volumes have doubled in a month, so the premium is doing more work than the flows. Joliet still only partially back; WTI specs sit at the 96th percentile of length."

    Sep 27, 2026

    4m
15. 7

    Heavy Reading morning digest — September 26, 2026

    "Trump rejected Iran's 7-day truce offer after the Friday settle — Hormuz re-closed, ships attacked off Oman, Houthis took Perim Island. Friday's crude selloff is at risk of full reversal on Sunday reopen. Joliet only partially restarting; gasoil cracks printed a record."

    Sep 26, 2026

    5m
16. 6

    Heavy Reading Morning Digest, September 25, 2026

    "Brent and WTI giving back Thursday's Houthi-missile rally on overnight US–Iran truce signals. Several Joliet units returned Wednesday — the front-of-strip WCS catalyst. Diesel cracks re-testing records; October Merey sales stalled on record freight."

    Sep 25, 2026

    4m
17. 5

    Heavy Reading Morning Digest, September 24, 2026

    "Flat price rallied 3–4% Wednesday on a diesel-export-ban headline the White House then denied, plus fresh Hormuz attacks. The EIA's bearish 3-million-barrel build was shrugged off. Joliet still dark; diesel cracks over $100 keep synthetic crude bid."

    Sep 24, 2026

    6m
18. 4

    Heavy Reading Morning Digest, September 23, 2026

    "Reconstructed edition — the morning run failed; rebuilt from the day's wires and the following edition. WTI and Brent closed Tuesday at two-week lows after six straight down days; the Saudi East-West restart was confirmed; EIA weekly due Wednesday morning."

    Sep 23, 2026

    4m
19. 3

    Heavy Reading Morning Digest, September 22, 2026

    Yanbu exports could resume today, Brent fell $2+ to its lowest since Sep 8, and the WTI October contract expired after a four-session slide of roughly $10.

    Sep 22, 2026

    3m
20. 2

    Heavy Reading Morning Digest, September 21, 2026

    Keystone ran at 94% of available capacity, rail's share of exports rose to 7.1% in June, and the WTI October contract expires Tuesday.

    Sep 21, 2026

    2m
21. 1

    Heavy Reading Morning Digest, September 20, 2026

    WTI October settled $99.53 (-2.3%) and Brent November $103.19 (-1.6%) on Friday, while the Canadian diff complex heads into the week with no fresh public prints.

    Sep 20, 2026

    2m