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.

Daily Oil Fundamentals

‘Liberation Day’ Dominates All

28 Mar 2025

‘Liberation Day’ Dominates All

Yesterday’s price action in oil was a stifled affair albeit with a bullish bias. The April 2 implementation of tariffs against Venezuelan oil supply and the further future squeezing of the Iranian oil sector keeps a rally that is now three-weeks old. It remains uncertain as to how tariffs on Canadian and Mexico will play out in the longer-term, but the increased US refinery runs which resulted in draws in inventory complete the current positive picture.