REFERENCE CASE

Issued quarterly by Reservoir GmbH, Hamburg

E

Event Radar

What the oil news is doing, every 30 minutes.

Oil prices jump when something happens: a war, a pipeline outage, an OPEC+ meeting. The Event Radar follows the news so these moments are noticed early. It counts the headlines on each theme and shows when one becomes much louder than usual.

RIGHT NOW

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The radar figures load in your browser and need JavaScript.

EXHIBIT E.1 · TODAY

How loud is each theme today?

1.0 x = a normal day

SupplyOPEC+, outages, production
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Demandeconomy, China, travel
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Stocksinventories, storage
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Conflictwars, sanctions, shipping
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Moneydollar, interest rates
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Grey: normal (below 1.5 x) Light: busy (1.5 to 2.5 x) Dark: very busy (above 2.5 x) Busy needs at least 3 headlines in 24 hours.

EXHIBIT E.2 · LAST 90 DAYS

News and price, side by side

price: FRED; news: since 3 Oct 2026

Each small box is one day. The darker the box, the louder that theme was in the news. The radar started on 3 October 2026, so the boxes fill in day by day from there.

EXHIBIT E.3 · RECENT LOUD MOMENTS

What was in the news

newest at the top

No loud moments since the radar started on 3 October 2026.

EXAMPLE OF HOW A LOUD MOMENT WILL LOOK

[date]SUPPLY3.8 x normal[Headline title, as published] EIA[Headline title, as published] OilPrice.com

We show the headline and a link. The article belongs to its publisher.

HOW IT WORKS

1 Read

Every 30 minutes the server reads new headlines from public energy news feeds.

2 Sort

Each headline goes into one of five themes by its words: supply, demand, stocks, conflict, money.

3 Compare

Today's count per theme is compared with a normal day. Until 90 days are measured, normal is built from the days so far. Much more than normal lights up.

HOW IT IS USED

The engineer reads the radar when writing each quarterly case and explains in the case what mattered. The radar itself never changes a signed number.

WHAT IT IS NOT

It recommends no action. A loud theme says the news is busy, not which way the price will move.

Sources: public RSS feeds (EIA Today in Energy, OilPrice.com). Brent daily price: FRED series DCOILBRENTEU. Scans since 3 October 2026: –.