Daily Oil Fundamentals

A Rare Ray of Hope

26 Nov 2024

A Rare Ray of Hope

Considering the almost immeasurable amount of uncertainty that keeps investors constantly on the edge of their seats, markets are susceptible to sudden reversals and twists of fate. Amongst the many factors that helped oil prices rally last week was the war Israel wages against Hamas and Hezbollah. In a somewhat sudden and unexpected U-turn, the news broke yesterday afternoon that a ceasefire agreement, initially possibly for 60 days, between the Jewish state and the Lebanese paramilitary group is within grasp and can be finalized in the next few days.

Daily Oil Fundamentals

Hebdomas Horribilis

25 Nov 2024

Hebdomas Horribilis

Winds of changes in politics inevitably have a profound impact on everyday life and financial markets. And last week was absolutely and unreservedly awful – not price-wise but global security-wise. There was no significant development on the economic front, per se, and our market was also reasonably uneventful, perhaps apart from the brief interruption in oil output at the Johan Sverdrup oil field.

Daily Oil Fundamentals

Conflict Premium is Back

22 Nov 2024

Conflict Premium is Back

After months of being on missile watch in the Middle East, the oil gaze turns to the airborne show of military new stuffs being exchanged by Ukraine and Russia. After successive days of permission and use of American and British hardware, Russia ups the ante by shooting a ballistic missile which is the first time such a weapon has been used in the 1000-day old war.