Daily Oil Fundamentals

Middle East Premium Subsides, Macro is Front and Centre

01 Nov 2023

Middle East Premium Subsides, Macro is Front and Centre

It would appear as emotive as the current situation in Gaza/Israel is, cooler heads are prevailing and the idea of conflict spread is slowly turning into, and stealing from the alternative energy lobby, conflict capture.

Daily Oil Fundamentals

Limited Downside – For Now

31 Oct 2023

Limited Downside – For Now

Investors are remarkably calm about the tension in the Middle East. Fears of supply disruptions that pushed the price of Brent up from $85/bbl prior to the Hamas attack on Israeli civilians to $94/bbl two weeks later have considerably dissipated.

Daily Oil Fundamentals

Buy Friday, Sell Monday, Watch Macro, Repeat

30 Oct 2023

Buy Friday, Sell Monday, Watch Macro, Repeat

he Friday to Friday, week-on-week closes played out thus for the major contracts; WTI -$2.54/barrel, Brent -$1.68/barrel, Heating Oil -10.47c/gallon, RBOB -6.11c/gallon and Gasoil -$54.5/tonne and...