Daily Oil Fundamentals

Fears of De-coupling

29 Apr 2025

Fears of De-coupling

Stalling negotiations between China and the US on trade raises anxiety levels on economic and demand growth prospects once again. It is not even clear whether the two leaders have spoken to one another and the overnight comments from US Treasury Secretary, Scott Bennet added more fuel to the fire of uncertainty. He said in an interview with CNBC that it was ‘up to China to de-escalate’ but his advice is unlikely to be heeded by the leaders of the world’s second-biggest economy.

Daily Oil Fundamentals

Still the Tail on the Dog

28 Apr 2025

Still the Tail on the Dog

Oil prices endured another contained existence last week and while the high/low ranges were decent enough if one were interested in such short-termism, the overall finishes indicate a market that is in the main, apart from an expiring Brent front spread, unwilling to be too expressive be they in bullish or bearish leanings. The front month futures contracts of WTI finished -$1.66/barrel, Brent -$1.09/barrel, Heating Oil +1.50c/gallon, RBOB +2.01c/gallon and Gasoil -$4.00/tonne.

Daily Oil Fundamentals

Google to the Rescue, But For How Long?

25 Apr 2025

Google to the Rescue, But For How Long?

Tracking and studying Trump’s tariffs has all the hallmarks of tarot card reading. Flipping the cards, as appears the case in the White House, seems to only convene chaos, whatever equivalent face that may be in so-called seer’s nonsense. Fortunately, spooking your friends in a derelict building when growing up is easily dismissed, but tariffs are not.