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Trade with Conviction

Sparta
Gasoline
Crude Oil
China
Dangote Refinery
Distillates
U.S. Refinery Strength
Iran
Crude Oil Pricing
Libya
Europe
WTI
OPEC Plus
Oil Market
Asian Demand
Crude Trade Patterns
US Tariffs
Oil Imports
OPEC
Refinery Margins
Q4 Trends

In-depth analysis of current trends and future expectations for different segments of the oil market, with a focus on understanding both the supply and demand dynamics at play.

PublishesWeeklyEpisodes73Foundeda year ago
Number of ListenersCategory
Business

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Artwork for Trade with Conviction

Latest Episodes

In the final episode of the year, the team breaks down the key macro and geopolitical drivers shaping Q1 2026 and what they mean for the physical barrel. They cut through Venezuela and Ukraine headlines, softening economic signals, and growing oversu... more

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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... more

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In this episode, the team breaks down an unusually long crude market, muted price reactions to geopolitical risk, and what shifting tone from OPEC’s latest OSPs might signal for 2025. They dig into Venezuela’s political volatility and what any supply... more

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Neil, Phil, and James unpack a week where headline noise around a possible Ukraine peace deal clashes with still tight product markets and a supposedly long crude balance. They explore why prompt Brent spreads are so firm despite talk of a glut, dig ... more

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In this week’s episode, Neil steps in as host as the team unpacks a chaotic stretch in the oil market - from Russian export disruptions and the uncertain trajectory of US sanctions to a diesel market that has gone ballistic on genuine physical tightn... more

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This episode breaks down a week of tightening global oil product markets - from Saudi Arabia’s surprising crude allocations and renewed sanctions turbulence to refinery capacity constraints dominating trader chatter. The team dissects what’s behind s... more

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In this episode of Trade with Conviction, Rachel, Neil, and June dissect the current crude oil landscape - from easing sanctions anxiety and shifting Chinese buying patterns to the tug-of-war between term and spot contracts. They dive into the changi... more

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In this week’s Trade with Conviction, Rachel, Phil, and James cut through another whirlwind week in oil markets. From Lukoil’s asset fire sale and CPC exemptions to OPEC’s pre-meeting suspense, the team unpacks how sanctions, refining margins, and gl... more

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Key Facts

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Find out how many people listen to this podcast per episode and each month.

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Recent Guests

June Goh
Analyst based in Singapore specializing in crude trends and refinery strategies.
Episode: Episode 47: Fueling futures: Decoding crude trends & refinery strategies
Anoop Singh
Global Head of Research at Oil Brokerage
Oil Brokerage
Episode: Episode 30: At the crossroads of oil and freight
Mads Frank Markussen
Head of Freight Research & FFA at CM Navigator
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Episode: Freight Special with Mads Frank Markussen, Head of Freight Research & FFA at CM Navigator
Michael Ryan
Head of freight architecture and freight products at Sparta
Sparta Commodities
Episode: 3rd October: A new era for freight, Libya, shifts in gasoline supply and demand

Hosts

Neil Crosby
Co-host analyzing crude prices and market dynamics, with experience discussing trends and implications in energy markets.
Rachel Williams
Host with extensive knowledge in oil market trends, providing insights into geopolitical impacts on supply and pricing.

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Talking Points

Recent interactions between the hosts and their guests.

Episode 68: Ukraine headlines, tight gasoline, and the missing crude glut
Q: What are your predictions regarding the status of ARBs and how that might impact the Q1 diesel market?
We expect that ARBs are closed for January and February arrival into Europe during the peak demand period, suggesting we are not building enough stocks which might lead to bullishness in Q1.
Episode 66: Inside the refining crunch: Saudi supply shifts & sanctions fallout
Q: So why don't you give us a round up, particularly from a pricing perspective?
James discusses how geopolitical reasons have impacted pricing with significant increases in spreads, particularly highlighting strong trends in middle distillate markets.
Episode 52: Anniversary special: How tariffs & recessions shape global oil
Q: What's the implication of the U.S. leaving the door open for buying Russian oil again?
The U.S. might be willing to engage in trade with Russia if a negotiated settlement is achieved.
Episode 52: Anniversary special: How tariffs & recessions shape global oil
Q: What does a potential upcoming recession mean for the demand for oil?
It may lead to decreased consumption and impact corporate growth, reflected in the automotive sector's losses.
Episode 52: Anniversary special: How tariffs & recessions shape global oil
Q: How do you see the potential for a coming U.S. recession affecting oil prices?
There's obviously a slowdown in hiring, and the fear that the market could tumble due to the impact of tariffs is rising.

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Frequently Asked Questions About Trade with Conviction

What is Trade with Conviction about and what kind of topics does it cover?

This podcast offers listeners a comprehensive analysis of the oil market, exploring both current trends and future expectations across various segments. It covers a range of factors influencing supply and demand dynamics, including geopolitical tensions, sanctions, and market responses to shifts in crude oil pricing. Noteworthy discussions highlight the interplay between major global players, such as the U.S., China, and Russia, and the implications these relationships have for oil prices and availability. The format encourages deep engagement with topics affecting the oil industry's stability and profitability, making it a valuable resource for industry professionals and enthusiasts alike.

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Which podcasts are similar to Trade with Conviction?

These podcasts share a similar audience with Trade with Conviction:

1. The Memo by Howard Marks
2. Value Hive Podcast
3. Odd Lots
4. At Any Rate
5. Unhedged

How many episodes of Trade with Conviction are there?

Trade with Conviction launched a year ago and published 73 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Trade with Conviction?

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What guests have appeared on Trade with Conviction?

Recent guests on Trade with Conviction include:

1. June Goh
2. Anoop Singh
3. Mads Frank Markussen
4. Michael Ryan

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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