Daily Oil Fundamentals

It Only Takes a Phone Call, Apparently

13 Feb 2025

It Only Takes a Phone Call, Apparently

It may not have been on day one of his Presidency, and it may not be an immediate end, but Donald Trump waded into the Ukraine war yesterday. Conducting back-to-back phone calls with Presidents Putin and Zelensky and portraying the usual ‘art of the deal’ panache, he victoriously claimed the Putin has even used his campaign motto ‘common sense’ and that a meeting would soon take place in Saudi Arabia between the US an Russia.

Daily Oil Fundamentals

Don’t Get Your Hopes Up High

12 Feb 2025

Don’t Get Your Hopes Up High

Stubbornly cold temperatures in the US pushed the price of the CME Heating Oil contract up $2.70/bbl equivalent. This, in turn, helped the whole energy complex advance with WTI finishing the day $1/bbl higher. Concerns about declining Russian output and the Israeli threat to end the Gaza ceasefire, if Hamas does not return hostages by Saturday, added fuel to the bullish fire.

Daily Oil Fundamentals

Sanctions and the Weather Bring Relief, But for How Long?

11 Feb 2025

Sanctions and the Weather Bring Relief, But for How Long?

Oil prices along with many other classes of risk are entering a phase of guessing. The metals tariffs announced by the White House yesterday brings an idea that even though Canada and Mexico are enjoying a one month stay of hand from trade restrictions, this notion that tariffs are transactional threats has just been dented.