Daily Oil Fundamentals

A Cooling of Investors, a Cooling in Iran

15 May 2025

A Cooling of Investors, a Cooling in Iran

There is something of a stall occurring in markets this morning as the delight shown by pent up investors dissipates following the détente in tariffs between the US and China. Maintaining a bullish stance based upon the principle that the deal is not as bad as it could have been can only keep realism away for so long. Just because one part, admittedly the most important, of the global trading puzzle is temporarily solved, it does not mean the same will be true of all relationships.

Daily Oil Fundamentals

Favourable Inflation Reading Further Brightens Sentiment

14 May 2025

Favourable Inflation Reading Further Brightens Sentiment

Whether the tariff policy of the US Administration jeopardises US and global growth and poses any danger to public finances depends on one’s view. For the medium-term, as discussed below, it is a gnarly undertaking to foretell an unconditional prosperity. We are, however, living at times when planning for the medium, let alone long-term, is simply irresponsible.

Daily Oil Fundamentals

He Told Us it was Going Up

13 May 2025

He Told Us it was Going Up

In the ever-hopeful world of stock market investors, the news yesterday of a ninety-day grace period where the US reduces tariffs on China from 145% to 30%, and in turn, China on the US from 125% to 10% is good news. Welcome back to a form of financial relativism where one person's economic and trade restrictions should not be a hinderance to how another’s ever-bull tendencies may be expressed. What happens after ninety days is ignored, so is how this new development cures the motivation of President Trump to combat the ballooning trade deficit between the US and China.