Daily Oil Fundamentals

Tariffs Aside, Might Rich Stock Markets Sponsor Oil?

11 Jul 2025

Tariffs Aside, Might Rich Stock Markets Sponsor Oil?

Even after six months of tolerating the modern phenomena of ‘Trump tariff trending’, it is a shame markets cannot develop a pattern of consistency matching the constant that is the President’s edicts. Notwithstanding the intestinal fortitude of those interested in US bourses to add to portfolios, markets continue to run an almost hourly endurance of ‘what next’ from the White House and whether it will be the one that sends all the buyers packing.

Daily Oil Fundamentals

Risk Premium, Driving Season & Tariff Inertia

10 Jul 2025

Risk Premium, Driving Season & Tariff Inertia

The current state of the oil market resembles Samuel Beckett’s cult play Waiting for Godot. In the tragicomedy, the main character never arrives. In the oil market, the consensus, namely a supply surplus, is still expected to befall us in the coming months, albeit later than anticipated two months ago.

Daily Oil Fundamentals

Oil Avoids the Tariff Confusion

09 Jul 2025

Oil Avoids the Tariff Confusion

Mulling through the word soup that is dished up on a daily basis from the White House is a tiresome pursuit for investors, and stock markets, as strong as they may be, are starting to hunker down to await what will be a long month until such times as new tariffs are made clear come August 1st, if indeed the start of next month turns out to be a thing. The latest targets of the current ‘pick-and-mix’ bag of trade delights are copper and pharmaceuticals.