World Energy FlowA Systems View of Global Energy

Weekly chart library

Weekly chart library

This page puts the World of Energy editions side by side as a visual record. Each card pairs the Friday-to-Friday move in five benchmarks with the short note from that week, making it easier to see how the market story changed over time.

01

Current + previous

Weekly change charts

The centre line is zero and the bars show the direction of the weekly move. All cards use the same scale, so equal bar lengths represent equal percentage changes across weeks. Values reproduce each edition’s published comparison; disclosed contract and baseline differences still apply.

Current edition

Issue 11

Gulf shut-ins rise as diesel policy opens a second relief channel.

Weekly brief

From 2 to 9 October, December Brent rose 2.4% to $104.72/bbl and November WTI rose 0.8% to $91.85/bbl. Henry Hub gained 6.1% to $3.220/MMBtu; the TTF and JKM futures proxies gained 8.9% to €81.434/MWh and 1.1% to $25.980/MMBtu. Operator reports verify precautionary Gulf shut-ins. IEA acceleration and a new U.S. diesel authorization establish policy channels, while destination deliveries remain unverified.

Friday-to-Friday changepercent
Brent crude+2.4%
WTI crude+0.8%
Henry Hub+6.1%
Dutch TTF+8.9%
JKM futures+1.1%
Previous analysis

Issue 10

G7 targets the diesel squeeze as crude exports recover.

Weekly brief

The G7 announced a coordinated 100-million-barrel stock release on 2 October. Friday settlements were $102.25/bbl for December Brent and $91.11/bbl for November WTI. WTI fell 1.4% against the archived 25 September close. Henry Hub closed at $3.035/MMBtu, TTF at €74.760/MWh, and the JKM futures proxy at $25.705/MMBtu. Brent, Henry Hub, and TTF crossed rolls; their reference changes are not comparable weekly returns.

Reference changes · three contract rollspercent
Brent crude-2.0%
WTI crude-1.4%
Henry Hub-5.0%
Dutch TTF+3.7%
JKM futures-0.4%

Reference changes from preserved 25 September quotes are Brent −2.0%, Henry Hub −5.0%, and TTF +3.7%; all cross contract rolls and are excluded from comparable-return statistics. Fresh vendor histories show different 25 September Brent ($98.82), Henry Hub ($3.225), and WTI ($92.41) quotes; archived $104.32, $3.196, and $92.44 are not silently replaced. WTI rounds to −1.4% under either baseline. JKM shows November and a 15 September roll in the fresh specification, but zero volume limits interpretation. Exact gas closes are secondary histories. EIA physical observations end 25 September, one week before market closes; petroleum narrative text remains dated 11 September, so only dated tables are used. Announced reserve volumes are not verified deliveries.

Previous analysis

Issue 09

Restoration became observable, but normalization did not.

Weekly brief

From 18 to 25 September, November Brent rose 0.4% while like-for-like November WTI fell 3.8%; the continuous front-month WTI comparison is not used because October expired during the week. Henry Hub rose 9.8%, while the disclosed TTF and zero-volume JKM futures proxies fell 9.4% and 6.2%. Saudi Arabia restarted its East–West pipeline at a reduced rate and Gulf loadings increased, but full capacity and normal Hormuz transit were not verified.

Friday-to-Friday changepercent
Brent crude+0.4%
WTI crude-3.8%
Henry Hub+9.8%
Dutch TTF-9.4%
JKM futures-6.2%
Previous analysis

Issue 08

Oil priced a workaround; LNG priced the longer shortage.

Weekly brief

Brent slipped 0.7% and WTI edged 0.2% higher from 11 to 18 September after an intraweek pipeline shock. Reports of a prospective partial restart and Saudi ship-to-ship transfers compressed oil's peak, while reported cargo cancellations indicated real disruption. Henry Hub gained 2.9%, TTF was effectively unchanged, and the zero-volume JKM futures proxy rose 10.5% as curtailed Qatari supply and LNG competition persisted.

Friday-to-Friday changepercent
Brent crude-0.7%
WTI crude+0.2%
Henry Hub+2.9%
Dutch TTF-0.003%
JKM futures+10.5%
Previous analysis

Issue 07

Oil crossed $100 as two chokepoints converged. Friday's retreat kept diplomacy in the model.

Weekly brief

Brent, WTI, Dutch TTF, and the JKM futures proxy rose from 4 to 11 September, while Henry Hub fell. Reported damage temporarily shut Saudi Arabia's East–West pipeline, Houthi forces reached Perim at the Bab el-Mandeb entrance, and Hormuz traffic remained impaired. Oil retreated Friday after a report of possible temporary talks, showing that both physical disruption and changing expectations shaped the close.

Friday-to-Friday changepercent
Brent crude+8.7%
WTI crude+9.4%
Henry Hub-4.8%
Dutch TTF+10.5%
JKM futures+3.6%
Previous analysis

Issue 06

Renewed strikes rebuilt the premium. Physical flows did not yet confirm a fresh loss.

Weekly brief

Brent, WTI, Henry Hub, TTF, and the JKM futures proxy rose from 28 August to 4 September. Renewed U.S.–Iran attacks and impaired Hormuz traffic drove a sharp risk repricing, while the latest EIA balances showed a U.S. crude draw and a below-average gas-storage injection. Reuters reported no evidence yet that the new escalation materially reduced Middle East exports.

Friday-to-Friday changepercent
Brent crude+7.8%
WTI crude+9.7%
Henry Hub+3.0%
Dutch TTF+7.4%
JKM futures+3.7%
Previous analysis

Issue 05

More oil moved. The risk premium fell—but did not disappear.

Weekly brief

Brent and WTI fell from 21 to 28 August as Gulf exports recovered and markets assigned more weight to Hormuz mediation than to new sanctions. Henry Hub, TTF, and JKM still rose, reflecting late-summer heat, low European storage, and persistent LNG shipping exposure.

Friday-to-Friday changepercent
Brent crude-5.4%
WTI crude-4.2%
Henry Hub+4.1%
Dutch TTF+1.7%
JKM futures+1.0%
Previous analysis

Issue 04

The market stopped pricing a short disruption.

Weekly brief

All five benchmarks rose from 14 to 21 August as constrained Hormuz traffic, threatened sanctions, and tight European winter cover outweighed another U.S. crude build and abundant U.S. gas stocks.

Friday-to-Friday changepercent
Brent crude+6.6%
WTI crude+5.7%
Henry Hub+1.5%
Dutch TTF+7.2%
JKM futures+8.1%
Previous analysis

Issue 03

Stalled talks rebuilt the premium. Inventories slowed the climb.

Weekly brief

Oil and European gas rose as Hormuz negotiations stalled and vessel attacks continued. A large U.S. crude build and comfortable U.S. gas inventories capped the rally.

Friday-to-Friday changepercent
Brent crude+5.9%
WTI crude+5.4%
Henry Hub+2.7%
Dutch TTF+10.6%
JKM futures+0.5%
Previous analysis

Issue 02

Diplomacy cut the premium, but physical risks remained unresolved.

Weekly brief

All five benchmarks fell as markets priced a possible Hormuz reopening. Vessel attacks, low European storage, and tight petroleum products prevented a larger decline.

Friday-to-Friday changepercent
Brent crude-7.3%
WTI crude-7.7%
Henry Hub-3.1%
Dutch TTF-6.0%
JKM futures-1.6%
Previous analysis

Issue 01

The risk premium eased, but the energy system remained constrained.

Weekly brief

Oil and gas benchmarks declined from elevated levels while damaged infrastructure, shipping constraints, and regional inventory differences kept uncertainty high.

Friday-to-Friday changepercent
Brent crude-3.3%
WTI crude-6.1%
Henry Hub-9.8%
Dutch TTF-7.1%
JKM futures-2.5%