Insights

Daily Oil Fundamentals

Two years and Counting

26 Feb 2024

Two years and Counting

The month of February is turning out to be an ominous period in the history of modern Ukraine. It was on February 27, 2014, when Russia annexed Crimea only to launch a full-scale war against its western neighbour on February 24, 2022, in the name of national security.

Daily Oil Fundamentals

NVIDIA to the Rescue

23 Feb 2024

NVIDIA to the Rescue

The drivers of oil price are largely unchanged and rehearsed on a daily basis as the market tries in vain to find a breakout of this, albeit a lately higher grinding crude, constraining range.

Daily Oil Fundamentals

Prices Reset with Quiet Geopols and Another Pivot Pushback

21 Feb 2024

Prices Reset with Quiet Geopols and Another Pivot Pushback

Oil prices took yesterday as day of correction which was inspired by a lack of any further conflict news from the world's clash points as markets had to settle on what was bothering the macro world.

Daily Oil Fundamentals

Bull Retribution

16 Feb 2024

Bull Retribution

Wednesday’s sell-off began immediately after the release of the US inventory report by the EIA. There was a tentative attempt to recover yesterday morning, but hopes were shattered after the IEA published its updated supply-demand outlook.

Daily Oil Fundamentals

Geopolitics Trumps Deferred Rate Cut Expectations

14 Feb 2024

Geopolitics Trumps Deferred Rate Cut Expectations

The key takeaway after yesterday’s confident performance in the oil market is that currently events around Israel and Gaza together with Ukraine’s war against Russia weighs more on the sentiment than disappointing US inflation data.

Daily Oil Fundamentals

What Could Trigger a Break-out?

12 Feb 2024

What Could Trigger a Break-out?

Risk appetite appeared insatiable last week. It was a sudden turn of sentiment after the previous week’s sell-off. Several developments are responsible for brightening the mood.

Daily Oil Fundamentals

A Belligerent Israel and Strong Gasoil Chase Prices Higher

09 Feb 2024

A Belligerent Israel and Strong Gasoil Chase Prices Higher

The oil market exhibited its bullish twitch yesterday in frankly what was a rather benign news backdrop. Such twitch can only be brought about by geopolitical actions, or as in this case, words.

Daily Oil Fundamentals

There is no Truth in Calling for Truce

08 Feb 2024

There is no Truth in Calling for Truce

‘Delusional’, ‘another massacre’, ‘total victory’, ‘we will make sure that Gaza is demilitarized forever’… These are the words Israeli Prime Minister Benjamin Netanyahu chose to use in his reply to the Hamas response, which included...

Daily Oil Fundamentals

Competing Drivers and Uncertainty Keeps Enthusiasm Contained

07 Feb 2024

Competing Drivers and Uncertainty Keeps Enthusiasm Contained

Having clawed their way back into something akin to a recovery after last week's shellacking, well at least for the moment, oil prices are yet again showing signs of captured behaviour with bulls and bears struggling to make...