Daily Oil Fundamentals

Turbulent 1H, Much of the Same in 2H

02 Jul 2025

Turbulent 1H, Much of the Same in 2H

It is not jumping the gun to conclude that looking back at the major events of the first half of 2025 will provide a broadly reliable picture of the impending second half of the year. The January–June period was shaped almost exclusively by the policies of the Trump apparatus. It was volatile, unpredictable, and incoherent at times. No significant change is anticipated for the next six months.

Daily Oil Fundamentals

All Markets Pay Fealty to Washington

01 Jul 2025

All Markets Pay Fealty to Washington

When Once again, the world is held in thrall by the policies of Washington. Stock markets rejoiced yesterday in the climbdown of Canada delaying implementation of the digital services tax (DST) on the US tech giants opening an opportunity for renewed trade talks between Ottawa and Washington. It appears the ever-bulls in the stock market see more last-minute deals developing even though negotiations between the US and other centres of commerce such as Japan and Europe are causing comments of frustration from the US President.

Daily Oil Fundamentals

The Dollar, Trade Disputes and OPEC+

30 Jun 2025

The Dollar, Trade Disputes and OPEC+

By the end of last week, characterised as turbulent even by recent standards, some semblance of normalcy had been restored. It appears, and we are keeping our fingers crossed, that the frail armistice between Israel and Iran, brokered by the US and which was preceded by a demonstration of its military might, has not been violated. The sell-off in the equity market made a handbrake turn at the beginning of the week, and so did the rally in oil.