Daily Oil Fundamentals

Oil continues to shrug off macro-dampeners

27 Sep 2023

Oil continues to shrug off macro-dampeners

Trying to run a carefree bullish or bearish attitude in oil is the stuff of halcyon dreams. Much of yesterday’s performance had the feel of a corrective process with Heating Oil and Gasoil testing down to some very important technical levels.

Daily Oil Fundamentals

Diesel Malaise

25 Sep 2023

Diesel Malaise

The stronger and longer the trend, the bigger the temptation to realize profit. Almost any excuse will do. It does not even have to be an actual development; a rumor or gossip will be sufficient to shepherd the herd towards the exit.

Daily Oil Fundamentals

Between the Devil and the Deep Sea

22 Sep 2023

Between the Devil and the Deep Sea

It is 4Q versus 2024, supply deficit against economic malaise, the central bank of the oil world facing the central banks of the developed world.