Welcome to Energy Markets Daily. Monday, January 12, 2026 — Strategic Positioning. Week three of 2026. **CRUDE OIL:** WTI at $58.79, down 0.56%. Brent at $63.28, down 0.10%. Rebound holds $58 support. OPEC+ cuts extended through 2026—underproducing 1.3 million bpd. IEA projects 3.85 million bpd surplus. EIA Petroleum Status delayed to Jan 22 for MLK Day. **NATURAL GAS:** Henry Hub $3.11, recovering from $2.82 low. Feb futures $3.525. Mild weather through Jan 23 caps demand. Storage 3,256 Bcf, 1% above 5-year average. LNG exports 18.5 bcf/d near record. EIA projects $4.20 for 2026. Weather dip is the buy. **CATALYST WATCH:** EIA Jan 22. Late Jan cold potential. OPEC+ May 28 ministerial. **BOTTOM LINE:** Crude surplus looms. Gas oversold, LNG structure holds. Trade the decoupling. **FINAL WORD:** Energy project needs capital? We connect to institutional/family office networks. [email protected]. Subject: Energy Capital. This is Energy Markets Daily. Tuesday: Technicals.