You read it here 3-mos ago.

πŸ‡ΊπŸ‡ΈOil Rigs are +22 from Feb.'26 lows, w/ Permian, Eagle F. leading.
Combo of ineluctable Demand Destruction (via killer Products' Cracks) and unmissable hedging for capital-disciplined Shale Fellas the culprit of Mar. 2026 huge backwardation.
πŸ’― https://t.co/V6rQu97ZrS https://t.co/lPG6FLAMMQ