Daily Oil Fundamentals

PMIs Make it Even Harder for OPEC

24 Nov 2023

PMIs Make it Even Harder for OPEC

The oil suite remains rather stunned after the cancellation of Saudi Sunday. With the Thanksgiving holiday in the US in full swing and the risk aversion that has ensued, some of the crazy has left the market as those that...

Daily Oil Fundamentals

Much to Chew Over, But it is All About OPEC

22 Nov 2023

Much to Chew Over, But it is All About OPEC

It is hardly surprising that the markets find themselves in a somewhat state of hiatus this morning, influences are many and variable, come in both bullish and bearish guises and the gamut in between.

Daily Oil Fundamentals

First Words, then Action

21 Nov 2023

First Words, then Action

Oil prices are not so much influenced by developments as by the interpretation of events. And the market voted with its dollar last week.