Daily Oil Fundamentals

Unwavering Borrowing Costs for 2024

10 Nov 2023

Unwavering Borrowing Costs for 2024

The latest round of central banks meetings was deemed sanguine and encouraging. Interest rates in major economic hubs, the US, the UK, and the euro zone, were left untouched and some central banks, notably in emerging markets, the likes of Brazil and Poland, went as far as to cut the price of lending.

Daily Oil Fundamentals

Near Over-Sold Status Brings Relief, But Oil is Spooked

09 Nov 2023

Near Over-Sold Status Brings Relief, But Oil is Spooked

Ordinarily, the API data on Tuesday evenings is viewed as a signpost to the much more important and watched EIA/DOE inventory report that graces our screens on Wednesdays.

Daily Oil Fundamentals

Dubious China, Mild Winter

08 Nov 2023

Dubious China, Mild Winter

Some would argue that the geopolitical risk premium completely evaporated one month after the Hamas attack on Israel, others are convinced that it is still built in the price and without it the market would be significantly lower.