The global energy market has always been a dynamic chess game.
And it can be tricky keeping your fingers on the pulse of the industry.
There’s always a geopolitical crisis, global financial scare, or supply-chain snarl.
But one way to stay ahead is to pay attention what stakeholders are doing.
Consider Russia’s oil exports in the four weeks leading to January.
It averaged 3.43 million barrels per day (bpd).
That’s 94,000 bpd more than the average in the last quarter.
And I don’t believe it was a coincidence.
Here’s why:
As I’m sure you know, the attacks by Iran-backed Houthi rebels on the Suez Canal — critical for global oil supply — makes the Red Sea route unsafe for oil vessels.
But guess what?
Russia’s crude oil ships continue to dance through the waves of the Red Sea.
As Bloomberg reports, “Moscow’s oil unlikely to be targeted deliberately”
And despite recent stories about a Houthi drone “accidentally” striking a Russian tanker, no tankers carrying Russian crude have diverted to avoid the Red Sea.
Why?
Is Russia low-key funding the Houthi rebels alongside Iran?
To the point where Moscow seems like the big winner from the Red Sea criss?
Was that “drone strike” staged to remove all suspicion of Russia’s involvement?
I can’t say for sure. But here’s the little I know:
Russian oil flowing through the Red Sea right now…
At a time when the West is battling supply disruptions from the same route…
Bodes well for one corner of the energy markets.
And if you understand how to monetize price action and volume…
You can structure your positions to share in the incredible gains ahead.
For more insight, see my strategy for big oil profits as this story unfolds.
To Big Profits and Beyond,