Daily Oil Fundamentals

Continuously Re-assessing the Oil Balance

20 Nov 2023

Continuously Re-assessing the Oil Balance

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

Daily Oil Fundamentals

The Bears Have It

17 Nov 2023

The Bears Have It

The anticipated 2-weeks’ worth of EIA inventory data turned out not to be a pebble cast into a pond creating ripples, but an ocean landing meteor causing continued selling tsunamis, the waves of which keep washing up...

Daily Oil Fundamentals

Riding the Headlines

16 Nov 2023

Riding the Headlines

The question: can a daily price swing of $3/bbl in a crack spread value be justified by fundamental developments?