Daily Oil Fundamentals

Middle East Premium Wiped, Products Drag Crudes Lower

07 Nov 2023

Middle East Premium Wiped, Products Drag Crudes Lower

Every nuance and move by a central bank is bound to catch the attention of the market’s eye and this remains so with the decision by the Reserve Bank of Australia to hike its interest rate this morning by 25-basis points in the face of stubborn inflation.

Daily Oil Fundamentals

It Just Does Not Add Up

06 Nov 2023

It Just Does Not Add Up

It is a challenging undertaking to reconcile last week’s performance in the oil market. Financial assets rallied and they did so for a good reason.

Daily Oil Fundamentals

Middle East Speculation and Never-Ending Data Rolls On

03 Nov 2023

Middle East Speculation and Never-Ending Data Rolls On

After playing out the week buffeted by the enormous deluge of data that all markets have endured, oil prices find themselves in the throes of the recent phenomenon of finding bids into the weekend for fear of a more price sensitive occurrence emanating from Gaza/Israel.