Daily Oil Fundamentals

Fixating on $100

20 Sep 2023

Fixating on $100

In hindsight, yesterday’s and this morning’s price action is reasonable and sensible.

Daily Oil Fundamentals

Ominous Distillates

19 Sep 2023

Ominous Distillates

Looking back at the performance of the past few weeks there is one salient question that needs to but cannot be answered instantly: are distillates going to sound the death knell of the current bull run or despite the violent nature of the contract(s) the move higher will continue unabated?

Daily Oil Fundamentals

Easing of Supply Deficit Next Year

18 Sep 2023

Easing of Supply Deficit Next Year

After the release of the updated monthly reports from the three most important forecasters we established that the last quarter of the year will see demand exceeding supply.