Daily Oil Fundamentals

Bluff or Not, It Might be Called

20 Jan 2026

Bluff or Not, It Might be Called

Whatever the rationale behind the US’s lust to own Greenland, whether national security, natural resources, geopolitical leverage, or bitterness over missing out on the Nobel Peace Prize, none of these would justify the takeover or annexation of the world’s largest non-continental island. Yet here we are, once again facing threats that have come in the usual form of import tariffs imposed on those European nations opposing Mr Trump’s desire to acquire Greenland. Countries and markets have become accustomed to such ultimatums, but this time it might be different.

Daily Oil Fundamentals

A Star-Spangled Rodeo

19 Jan 2026

A Star-Spangled Rodeo

It may have only been a year since his inauguration, but the troubadour of trouble seems to have been walking these streets so long and singing the same old song of conflict that markets should be inured to a capricious President Trump. But his subject matter is so wide, and his fog-horned solutions so spiked with immeasurable consequence, that oil market participants can ill-afford to roll their eyes and dismiss him with a ‘whatever’.

Daily Oil Fundamentals

Risk Premium Dumped

16 Jan 2026

Risk Premium Dumped

If there were a debate about the major driving force behind oil prices, it has probably been settled over the last two weeks. It is supply and output. Demand is what it is; it appears healthy, and perceptions of it do not turn on a dime. Equities and gold do their thing, and investors closely watch the tech sector, financial and job data, and the charade surrounding the Fed chair. The value of the dollar realistically reflects trust in US economic policies in general.