Daily Oil Fundamentals

US Oil Inventories are Stubbornly Low

08 May 2025

US Oil Inventories are Stubbornly Low

The three constantly moving parts that play the most salient roles in shaping sentiment are trade wars or macroeconomic considerations, if you will, which affect oil demand; the OPEC+ policy change, which foretells increasing supply, and geopolitics, which is as volatile and capricious as some global policymakers. Starting with macroeconomics and the perennial battle for global dominance, the market seems sceptical of the weekend’s US-China trade talks.

Daily Oil Fundamentals

Volatility in Government, Volatility in Price

07 May 2025

Volatility in Government, Volatility in Price

It is laughable when large cities of the world boast on having integrated transport systems as their citizens perspire to work in the gunnels of subway services, enjoy a train where the heads up display tells of one destination and the driver another, and roads are so narrowed for cyclists and buses that catching a taxi across a metropolis results in a dip into one’s savings.

Daily Oil Fundamentals

Supply Under Scrutiny

06 May 2025

Supply Under Scrutiny

After the calamitous US tariff announcement on April 2, all hell broke loose in financial markets. The MSCI All-Country Equity Index dropped 14% in less than a week. US stock indices matched the global performance. Frighteningly, the dollar was sold off and so were US bonds, deemed the safest of investment destinations. The US 10-year bond yield rallied to 4.6% whilst an unprecedented stampede into gold pushed its price briefly above $3,500/ounce.