Daily Oil Fundamentals

Risk was not in Demand

25 Jun 2026

Risk was not in Demand

Yesterday was somewhat unusual. Risk assets in general trended lower, but, curiously, traditional safe havens during periods of turbulence, such as gold and bitcoin, also lost value. The pressure on equities, which reversed this morning, stemmed from the growing belief that inflation will remain sticky and that the US central bank, much to the chagrin of the country's president, will be forced to raise interest rates.

Daily Oil Fundamentals

Cautionary Tale

24 Jun 2026

Cautionary Tale

It might be a forced parallel, but as the UK has gone through six Prime Ministers since leaving the European Union almost exactly ten years ago, the question arises: is reluctance or ego to cooperate, confrontational policies coupled with a bellicose narrative, and unsubstantiated optimism the most effective way to achieve one's goals, or does it more likely lead to unpredictability, mayhem, and havoc? Those who closely follow the ongoing nuclear talks between the US and Iran must surely ask themselves these questions.

Daily Oil Fundamentals

Echo Chamber

23 Jun 2026

Echo Chamber

Last week’s selling spree continued yesterday as the latest week got underway. Facts and narratives pointing in the same direction resonate with investors, who, perhaps justifiably for the time being, are ignoring the hurdles that lie ahead in securing a long-term peace deal between the US and Iran, which are discussed below.

Insights

Daily Oil Fundamentals