Daily Oil Fundamentals

Middle East Engulfed in Flames

13 Jun 2025

Middle East Engulfed in Flames

The possibility has been mentioned frequently on the pages of this report but to claim that ‘we have told you so’ would be intellectual dishonesty. For most, wars are incomprehensible in the 21st century, yet as the global order is being rewritten it is becoming an acceptable method to establish one’s authority. Despite, or maybe because of, its growing international isolation, Israel has struck Iran’s nuclear capabilities and its military facilities killing two of its top commanders.

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.