Daily Oil Fundamentals

Make News True Again

20 Jan 2025

Make News True Again

The Donald is upon us and so are the many streams of consciousness such a remarkable character will bring to the minds of every part of the globe's machinations, we pick and consider an initially important factor to the oil market below. The outgoing President Biden can take some credit, but the holding so far of the Gaza peace deal and hostage exchange would not have happened without the looming presence of the President-elect.

Daily Oil Fundamentals

Russia and Gaza are in the Crosshair of Investors

17 Jan 2025

Russia and Gaza are in the Crosshair of Investors

Macroeconomic issues will come back to the fore in due course and will have a palpable impact on oil prices again. These days, however, US retail sales or jobless claims are being confined to the back of traders’ minds (they were encouraging, by the way) and so are upbeat Chinese GDP figures (+5.4% for 4Q 2024). Attention is still firmly on geopolitical issues.

Daily Oil Fundamentals

Less Crude More Sanctions

16 Jan 2025

Less Crude More Sanctions

On the face of it, yesterday's US Inventory Report was something of a mixed bag as the build in Gasoline stocks of 5.8mb and 3mb in Distillate would ordinarily have compensated for the 1.96mb draw in Crude inventory. However, due to another anomaly where imports of Crude into the US fell by 1.3mb and exports increased by 1mb, holdings in the base oil show a little historical sparsity.