Global macro through the lens of energy
AI-assisted research. Every brief reviewed, verified, and written by a veteran of the global energy industry with decades of operational experience. No noise, no hot takes — just clear, analytical thinking on what macro markets and energy flows are really telling us.
Russian Crude Reroutes West Amid Refinery Strikes
Ukrainian drone campaigns are fundamentally reshaping Russian energy infrastructure, forcing a strategic pivot from domestic refining to raw crude exports through western terminals. This supply chain reconfiguration amid elevated Brent prices ($95+) suggests persistent geopolitical risk premiums are becoming structurally embedded in energy markets, complicating central bank inflation calculus as 10-year yields hold at 4.45%.
Capital & Crude is written by a veteran of the global energy industry with decades of operational experience across offshore and onshore assets. The author bridges the gap between ground-level energy operations and macro financial markets — a perspective rarely found in financial commentary.
Coverage spans global macro and central bank policy through an energy lens, oil & gas markets and OPEC dynamics, and currency markets — EUR/USD, NOK, and petrocurrency flows. The energy transition as the industry actually sees it, not as it is reported.