Daily Oil Fundamentals

Exhausting, but Never, Ever Dull

30 Jul 2025

Exhausting, but Never, Ever Dull

In two-weeks’ time at the expiry of the first interim trade agreement between the US and China, President Trump will have the final say on whether a copycat ninety-day extension will then commence. As a stability move, it is fine and dandy, but even the most avid optimist could not sell it as a closing-in on a final solution. That may only happen if Presidents Xi and Trump meet and despite the public goodwill aired from both sides of the respective negotiating teams, such a sit-down is unlikely much before the year’s end.

Daily Oil Fundamentals

Ostensible Clarity

29 Jul 2025

Ostensible Clarity

Faites vos jeux. There is still time to play the tariff roulette. Although it remains as obscure as ever where the boule will ultimately stop, there is a growing belief that the US will, on average, impose import tariffs of between 15% and 20% on both major and minor trading partners.

Daily Oil Fundamentals

The President of the World

28 Jul 2025

The President of the World

Taking a momentary drift into stereotype, it has always been the remit of the far left, or at least those that claim to be, to out-shout any argument that is disagreeable. Here in the UK, apart from the insulted 'swivelled-eyed conservatives' who had the audacity to express anything other than agreement to the latest 'Kumbaya' socialist fad; tax paying, self-helping majorities here, and mirrored globally, expressed opposition with quiet indignation.