Daily Oil Fundamentals

Tariffs

02 Apr 2025

Tariffs

Well, here we are. Finally, ‘Liberation Day’ is upon us and whether it will turn out to be an inflection point in the progress of world trade, a complete ‘cry wolf’ dud, or something in between will only be revealed from the Rose Garden of the White House at 8pm GMT. In his run up to the Presidency, Donald Trump’s tariff manifesto was something easily understood, with a 10% sweep on all imports and a threat to China of 20% to 60%, the world and its markets at least had some parameters.

Daily Oil Fundamentals

Unanswered Questions

01 Apr 2025

Unanswered Questions

Two months into the new USA Administration’s activities, unpredictability keeps ruling. Sabre-rattling continued last month, and threats were flying around all over the place. Several, closely or loosely related questions need answering, possibly a challenging undertaking. Whilst it is implausible that reassuring answers will be provided any time soon, it is becoming slightly clearer what to expect from the US in the foreseeable future in foreign politics, the economy and oil.

Daily Oil Fundamentals

A New Week, the Same Conundrum

31 Mar 2025

A New Week, the Same Conundrum

Welcome to Monday and if you were hoping for a reprieve from the edicts or anticipation of them from the US President you will be sorely disappointed. In a reveal to the press gaggle aboard Air Force One, Donald Trump seemed to put to bed the idea of limited sanctions this week by saying all countries would be covered by punitive trade measures.