Daily Oil Fundamentals

Once Again Dark Clouds Gather Over the Middle East

12 Jun 2025

Once Again Dark Clouds Gather Over the Middle East

The United Kingdom Maritime Trade Organisation (UKMTO) is highly regarded within the maritime community. Independent of government interference, those involved with pushing ships around on the high seas value its unbiased information and how it garners intelligence. Its voluntary reporting scheme, while obviously not adhered to by all, gives it the ability to not only track trends but also enables it to establish where vessels might meet traffic and even threats.

Daily Oil Fundamentals

Trying to Bury the Hatchet

11 Jun 2025

Trying to Bury the Hatchet

After two days of negotiations the US and China have agreed to a framework to return to the Geneva agreement struck in May, which was aimed to ease the acrimony between the world’s two largest economies. To recap the deal the two countries agreed to lower the reciprocal tariffs by 115% for 90 days only to mutually accuse each other of breaking the deal. Details of the framework have not been provided, and the agreement will now be presented to the two leaders. The market reaction has, so far, been tepid as it is anything but clear how economic growth and global oil demand will be affected.

Daily Oil Fundamentals

London Talks Block Out the Horizon

10 Jun 2025

London Talks Block Out the Horizon

One must admire the optimism of investors. The Sino/US trade talks enter a second day and instead of being seen as them being a touch sticky, markets across the gamut of investment are starting to price a successful outcome. Yes, hope is whipped by the US Administration with the likes of the Commerce Secretary, Howard Lutnick, observing initial discussions had been “fruitful” which was endorsed by his President back in Washington claiming, “we are doing well with China.”