Daily Oil Fundamentals

What News from Camelot?

02 May 2025

What News from Camelot?

It is rather ironic how this week saw President Trump’s first 100 days in office coinciding with the 50-year anniversary of the satirical film ‘Monty Python and the Holy Grail’. One is a spoof on the Arthurian legend where a nonsensical Camelot populated by bungling Knights of the Round Table who sally forth with a mix of ineffectual or damaging edicts, ridiculous choices in battle and contempt for its peasants, and the other, please choose which, is the American government.

Daily Oil Fundamentals

They are not Good, and not Easy to Win

01 May 2025

They are not Good, and not Easy to Win

One of the posts from the incumbent US President on social media from seven years ago read as follows: ‘Trade wars are good and easy to win’. Whether they are good depends on one’s taste but the first 100 days of his second Presidency showed that whilst erecting trade barriers is a simple exercise, winning trade wars, ie. narrowing trade deficit and bringing manufacturing home, is an arduous if not impossible task.

Daily Oil Fundamentals

100 Days of Carnage Continues to 101

30 Apr 2025

100 Days of Carnage Continues to 101

After a bout of who goes first in the Sino/US tariff negotiations, if indeed they are a thing, the continued standoff is starting to cause as much unease as threats of multiple percentage levies drawn against each other. Equities have stuttered after a very decent recovery, but because of trade war fears, the overnight disappointing earnings from Super Micro Computers is harrying bearish notions that such a diminished performance will see its equal in Microsoft and Meta when they too release their first quarter results.