Daily Oil Fundamentals

Markets do not Share Obligatory Optimism

05 Mar 2025

Markets do not Share Obligatory Optimism

If last night’s speeches by the potentates of the two biggest economies are used as reference points, then the world appears to be one big happy place. Despite the increasing hostilities between China and the US, Chinese Premier Li Qiang, whilst warning of challenges lying ahead, assured the audience that his country will grow at the rate of 5% with a budget deficit planned to be around 4%.

Daily Oil Fundamentals

Bad News and Trade War Clouds Gather

04 Mar 2025

Bad News and Trade War Clouds Gather

T-day is upon us and the 25% tariffs on Mexico and Canada with an additional 10% on China have just gone live. Retaliation is set to be swift as Canada looks at imposing restrictions of C$30 billion on US products which will be extended after three weeks, Mexico will announce its own package later as China lines up the agricultural trade with the US for a 10-15% counter-tariff.

Daily Oil Fundamentals

War and Peace

03 Mar 2025

War and Peace

In a brilliant book, ‘Sapiens’, the author, Yuval Noah Harari, defines culture as the instinctive ability of strangers to cooperate effectively. Cultures, due to their internal dynamics and because of their man-made nature, constantly undergo changes and they are tempted to become the dominant force over other cultures