1. Algeria Facing Fiscal Vulnerabilities Despite Recovery, IMF Warns

    ...y risks that include “global trade disruptions, conflicts including in the Middle East, and related commodity price volatility,” among others.   1: ALGERIA’S OIL OUTPUT IS DOWN 300,000 B/D SINCE THE LAST BID ROUND IN 2014, WITH THE FALL ONLY PARTLY DUE TO OPEC+ OUTPUT RESTRICTIONS* (‘00...

    Volume: 68
    Issue: 39
    Published at Fri, 26 Sep 2025
  2. Barrels or Beliefs? The First Net Short in WTI and the Power of Market Narratives

    ...iqueness of the August 2025 event becomes clearer in historical context. During the 2008 financial crisis, speculative longs collapsed but never shifted into net short territory. In the 2014–2015 price collapse, hedge funds built significant short positions, yet the aggregate positioning in WTI remained ne...

    Volume: 68
    Issue: 36
    Published at Fri, 05 Sep 2025