Daily Oil Fundamentals

Not the Time to Call Oil's Rally Over

27 Jan 2026

Not the Time to Call Oil's Rally Over

Oil prices have been bound in the medium-term to the trouble in getting Kazak and general Caspian Pipeline Consortium oil production to water, and in the short-term, the icy blast in North America which rather caught the market on the hop, resulting in the upward scramble in prices associated with heating. With reports of a resolution to the problems in CPC and the Tengiz field and an increasing belief that the current weather afflictions touching upon the production in Texas will not be as bad as the prolonged freeze witnessed in February 2021, oil and gas prices are being tempted lower.

Daily Oil Fundamentals

Another Week of Reality Check

26 Jan 2026

Another Week of Reality Check

It is looking increasingly likely that one day, though not in the immediate future, the Old Continent will be grateful to the omnipotent leader of the New World. No doubt, military reliance on the US over the past 80 years has proven unhealthy, has led to inertia, and President Trump, to a certain extent, justifiably, has run roughshod over former allies. His latest salvo was manifested in the relentless pursuit of ‘owning’ Greenland. This coercive move, however, was deemed to be over the line and made alarm bells ring louder in Europe than at any time since WWII.

Daily Oil Fundamentals

Japanese Dodgeball

23 Jan 2026

Japanese Dodgeball

The hand wringing seen by the Bank of Japan has led to the bank’s favourite exercise in deploying deferment. Governor Kazuo Ueda will have to step rather gently when addressing the future because of the recent selloffs in domestic bonds and the Yen. Keeping rates unchanged today might buy time while Prime Minister Sanae Takaichi goes about her snap election to confirm the appetite for plans to increase stimulus, but it will not alleviate a market-wide concern that troubles are being bottled up for the future.