Commodity Context
Data-centric, visualization-forward oil market research | Thematic deep-dives, monthly data reports, and a weekly market wrap-up every Friday
- Top in Finance
- #109
- Paid leaderboard
- #57
- Subscribers
- 31K
- Paid subscribers
- 100+ paid
- Badge
- Bestseller 100
- Followers
- 55K
- Paid plan
- $75/mo
- Recommends
- 25
- Podcast
- Yes
rounded by Substack
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Growth history
Subscribers (thousands, nightly)
31K on Sep 10, 2026 → 31K on Oct 20, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #109 today · #109 a week ago · #114 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 41 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 21%
- Best rank seen
- #98
- Rank, 30 days
- +5 places
- Followers added
- +1.1K
- Posts
- 8
- Reactions per post
- 37
- Reactions tracked
- 853
of 525 ranked finance newsletters
on Oct 4, 2026
since tracking began
last 30 days
average, recent posts
across 23 posts
Most-reacted post we have seen: [PUBLIC] How China Saved the Global Oil Market — 60 reactions on Aug 13, 2026.
Recent posts
- Oil Context Weekly (W42)
- OPEC+ Data Deck (October 2026)
- Oil Context Weekly (W41)
- North American Oil Data Deck (October 2026)
- Oil Context Weekly (W40)
Happy Friday, Oil Watchers! Every week, I summarize and analyze developments in flat crude prices, calendar spreads, high-frequency inventories, refined products, and positioning data, as well as a taste of the themes I’ve been thinking about or following closely—including our ongoing tracking of shipping flows throughout the Middle East. Paid subscribers can access the latest weekly update of the detailed 40-page PDF Market Positioning Data Deck at the bottom of this report. I’ll be in Washington, DC next week discussing our Beijing Swing research and sharing Hormuz Crisis thoughts with…
- Diesel Danger Zone
I’ll be in Washington, DC next week discussing our Beijing Swing research and sharing Hormuz Crisis thoughts with clients, other analysts, and policymakers. Drop me a line if you’re interested in grabbing a coffee or having me speak to your team. We’re also looking to put together a subscriber event while I’m in town; if you’re interested, please add your name to the form below the subscriber paywall. Become a paid subscriber today to read this full report exploring how exactly the world got this deep into our current diesel supply crisis and the few remaining levers to address the painful…
- Oil Context Weekly (W39)
Happy Friday, Oil Watchers! Every week, I summarize and analyze developments in flat crude prices, calendar spreads, high-frequency inventories, refined products, and positioning data, as well as a taste of the themes I’ve been thinking about or following closely—including our ongoing tracking of shipping flows throughout the Middle East. Paid subscribers can access the latest weekly update of the detailed 40-page PDF Market Positioning Data Deck at the bottom of this report. Become a paid Commodity Context subscriber today to read the full Oil Context Weekly report every Friday and join me…
- Global Oil Data Deck (September 2026)
This 74-page September 2026 edition of my monthly data-dense and visualization-heavy Global Oil Data Deck series (attached PDF below) is exclusive to paid Commodity Context subscribers. Become a paid subscriber today to view the full Global Oil Data Deck report and join me in my hunt for ever-deeper oil & gas market context. If you’re already subscribed and/or like the free summary bullets, hitting the LIKE button is one of the best ways to support my research. Overview Global liquids balances loosened modestly through July on the back of rising Middle Eastern production following the US-Iran…
- Oil Context Weekly (W38)
Happy Friday, Oil Watchers! Every week, I summarize and analyze developments in flat crude prices, calendar spreads, high-frequency inventories, refined products, and positioning data, as well as a taste of the themes I’ve been thinking about or following closely—including our ongoing tracking of shipping flows throughout the Middle East. Paid subscribers can access the latest weekly update of the detailed 40-page PDF Market Positioning Data Deck at the bottom of this report. For more public oil market context, check out my discussion with Contrarian Codex ( audio ), Mario Nawfal ( video )…
- The Beijing Swing, Part 2: Refined Products
Become a paid subscriber today to view this full report exploring how, on a product-by-product basis, China managed to keep its economy humming despite the historic cuts to crude oil imports that played a decisive role in counterbalancing the Hormuz oil supply crisis, and join me in my hunt for ever-deeper oil & gas market context. If you’re already subscribed and/or like the free summary bullets, hitting the LIKE button is one of the best ways to support my research. Across virtually all products, the collapse in apparent petroleum product demand—which is to say the available supply /…
- Oil Context Weekly (W37)
Happy Friday, Oil Watchers! Every week, I summarize and analyze developments in flat crude prices, calendar spreads, high-frequency inventories, refined products, and positioning data, as well as a taste of the themes I’ve been thinking about or following closely—including our ongoing tracking of shipping flows throughout the Middle East. Paid subscribers can access the latest weekly update of the detailed 40-page PDF Market Positioning Data Deck at the bottom of this report. On the latest episode of the Oil Ground Up Podcast, I spoke with Rob Wilson, President of East Daley Analytics, for a…
- OPEC+ Data Deck (September 2026)
Below the paywall you will find the latest monthly edition of the Commodity Context OPEC+ Data Deck (50-page PDF), tracking groupwide and member-level official production estimates, quotas, compliance, exports, and official production data reconciliation vs output implied by visible movements. Become a paid subscriber today to view the latest OPEC+ Data Deck report and join me in my hunt for ever-deeper oil market context If you’re already subscribed and/or like the free summary bullets, hitting the LIKE button is one of the best ways to support my research. Quota-participating OPEC+ crude…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Commodity Context. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Oct 20, 2026.