Episode 70: What does 2026 really look like for the oil market?

Описание: In the latest episode of Trade with Conviction, the team breaks down the biggest questions shaping next year’s crude, margins, and demand outlook - and what traders should be preparing for now.



Key Takeaways: 



＞ What is the outlook for Chinese crude imports?



＞ Can margins deflate or is spare capacity too tight?



＞ Can demand surprise to the upside?



＞ What do key producers do next year and how quickly can the long balance be cut down?



Chapters: 



(01:35) Headlines: Tanker Seizure & Sanctions Reality Check



A breakdown of the Venezuela tanker seizure, the limited supply impact, and why the market keeps fading US sanctions risk.



(07:13) China in 2026: Imports, SPR Strategy & Demand Shift



A concise look at China’s crude demand trends, EV substitution, and whether stockbuilding could intensify if flat price falls.



(14:38) Gasoline & Fuel Oil: Seasonal Builds and Feedstock Signals



The team wraps product markets with U.S. winter gasoline builds, ARA balance, WAF flows, and fuel oil’s low-sulphur strength vs high-sulphur softness.