Daily Oil Fundamentals

Demand Forecasts, Tariff Turns and Earnings; Reasons to Be Fearful

15 Apr 2025

Demand Forecasts, Tariff Turns and Earnings; Reasons to Be Fearful

Last week, the US EIA aggressively cut its 2025 global oil growth demand to 900kbpd and 1mbpd for 2026 citing an occluded economic outlook, uncertainty in international trade and the increased supply from OPEC+. We will look more closely into how the OPEC and IEA report stack up in tomorrow’s missive, but for now it is sufficient to say that OPEC’s monthly contribution paints a much kinder outlook to oil proceedings.

Daily Oil Fundamentals

There is no Favourable Outcome

14 Apr 2025

There is no Favourable Outcome

Depending on one’s view, a turbulent week might be characterized as truly worrying or one that signalled the end of erratic and unorthodox policymaking.

Daily Oil Fundamentals

Pragmatism Prevails, Pause Ignored

11 Apr 2025

Pragmatism Prevails, Pause Ignored

The euphoria, which was on display in the latter half of Wednesday, speedily evaporated yesterday. There is possibly a very simple explanation for the return to the gloom and pessimism that characterized investors’ thinking ever since the trade war started to escalate after the infamous press conference in the White House Rose Garden on April 2.