Insights

Daily Oil Fundamentals

What Will it Take to Get Oil Going?

15 Nov 2023

What Will it Take to Get Oil Going?

It is rather an interesting watch to see how oil is being somewhat left behind by the buying jamboree seen yesterday in other recognised investment suites.

Daily Oil Fundamentals

Oil to Face Another Week of Testing Drivers

13 Nov 2023

Oil to Face Another Week of Testing Drivers

Faced with a relief bounce after a torrid week of losses, the oil complex enjoyed a Friday that clawed back some of the worst excesses of the sell off, leaving the big ticket numbers of $80 in Brent and $75 in WTI intact.

Daily Oil Fundamentals

Unwavering Borrowing Costs for 2024

10 Nov 2023

Unwavering Borrowing Costs for 2024

The latest round of central banks meetings was deemed sanguine and encouraging. Interest rates in major economic hubs, the US, the UK, and the euro zone, were left untouched and some central banks, notably in emerging markets, the likes of Brazil and Poland, went as far as to cut the price of lending.

Daily Oil Fundamentals

Near Over-Sold Status Brings Relief, But Oil is Spooked

09 Nov 2023

Near Over-Sold Status Brings Relief, But Oil is Spooked

Ordinarily, the API data on Tuesday evenings is viewed as a signpost to the much more important and watched EIA/DOE inventory report that graces our screens on Wednesdays.

Daily Oil Fundamentals

Dubious China, Mild Winter

08 Nov 2023

Dubious China, Mild Winter

Some would argue that the geopolitical risk premium completely evaporated one month after the Hamas attack on Israel, others are convinced that it is still built in the price and without it the market would be significantly lower.

Daily Oil Fundamentals

Middle East Premium Wiped, Products Drag Crudes Lower

07 Nov 2023

Middle East Premium Wiped, Products Drag Crudes Lower

Every nuance and move by a central bank is bound to catch the attention of the market’s eye and this remains so with the decision by the Reserve Bank of Australia to hike its interest rate this morning by 25-basis points in the face of stubborn inflation.

Daily Oil Fundamentals

It Just Does Not Add Up

06 Nov 2023

It Just Does Not Add Up

It is a challenging undertaking to reconcile last week’s performance in the oil market. Financial assets rallied and they did so for a good reason.

Daily Oil Fundamentals

Middle East Speculation and Never-Ending Data Rolls On

03 Nov 2023

Middle East Speculation and Never-Ending Data Rolls On

After playing out the week buffeted by the enormous deluge of data that all markets have endured, oil prices find themselves in the throes of the recent phenomenon of finding bids into the weekend for fear of a more price sensitive occurrence emanating from Gaza/Israel.

Daily Oil Fundamentals

Strong US Economy = Cheapening Oil

02 Nov 2023

Strong US Economy = Cheapening Oil

As so many times in the recent past US oil investors took a distinctively different view from Europe yesterday.

Daily Oil Fundamentals

Middle East Premium Subsides, Macro is Front and Centre

01 Nov 2023

Middle East Premium Subsides, Macro is Front and Centre

It would appear as emotive as the current situation in Gaza/Israel is, cooler heads are prevailing and the idea of conflict spread is slowly turning into, and stealing from the alternative energy lobby, conflict capture.