Daily Oil Fundamentals

Did the Walls Come in a Little Closer for Russia? Maybe

23 Oct 2025

Did the Walls Come in a Little Closer for Russia? Maybe

The much-criticised patience afforded to Vladimir Putin by Donald Trump has eventually worn thin as the obfuscation deployed by the Russian President to any form of ceasefire in Ukraine has at last gone beyond tolerance. Announcing sanctions on state-owned Rosneft and privately backed Lukoil, the US Treasury Secretary, Scott Bessent noted the Kremlin’s refusal to end “this senseless war” with his President claiming it was he that cancelled the proposed meeting in Budapest.

Daily Oil Fundamentals

Here a Correction, There a Correction, Everywhere a Correction

22 Oct 2025

Here a Correction, There a Correction, Everywhere a Correction

Any trending market is susceptible to retracements, and intriguingly, most asset classes reversed course simultaneously yesterday. The most remarkable turnaround came from gold, which shed nearly 6% of its value after rallying more than 30% in just two months. There was no clear explanation for either the timing or the magnitude of the decline, though events from yesterday offered a plausible rationale.

Daily Oil Fundamentals

Oil Prices Do Not Believe Anyone

21 Oct 2025

Oil Prices Do Not Believe Anyone

Once again, the world of finance revolves around the geographical diplomacy, if it may be called that, of Donald Trump. In our contemporary times we are forced, daily, to muddle through disingenuous politicians, no matter in which country one might abide, and sitting on the top of the tree of mistrust are Presidents Trump, Xi and Putin. Like some grotesque on a childhood Christmas tree of an elderly relative, this three-headed monster keeps all in its gaze confounded by what might be said next and if any of the words used eventually find action.