Daily Oil Fundamentals

A Week of Heightened Uncertainty

24 Nov 2025

A Week of Heightened Uncertainty

Risk assets were out of favour last week. The two major factors that forced investors to be careful and pragmatic may still have a long-lasting effect on both equities and the oil balance and, as such, on the formation of oil prices. Despite Friday’s reversal, global and US equities finished the week lower because confidence in US rate cuts next month has taken a hit due to tepid labour market data. Oil prices also fell sharply.

Daily Oil Fundamentals

Anxious Equity Markets, Revived Peace Hopes

21 Nov 2025

Anxious Equity Markets, Revived Peace Hopes

Job creation and a reassuring earnings report from the world’s most valuable company would normally trigger a stock market rally. These times, however, are anything but normal. After Nvidia reported solid financial results and upbeat forward guidance, and the US economy created more jobs in September than anticipated, stocks took a handbrake turn and finished the day significantly lower, infecting Asian markets this morning.

Daily Oil Fundamentals

Fresh Hopes or Old Tricks?

20 Nov 2025

Fresh Hopes or Old Tricks?

It was a paradoxical, almost cynical day. The axiom holds that the Russian-Ukrainian war is directly and indirectly to blame for the oil complex's resilience. Reciprocal attacks and Western sanctions do more than just raise the geopolitical risk premium; they create a physical oil shortage, leaving consumers scrambling for alternatives.