Daily Oil Fundamentals

Time for a Saudi Rethink

06 Oct 2023

Time for a Saudi Rethink

As of close of business ICE Brent M1 flat price has lost $13.85/barrel in 7-working days.

Daily Oil Fundamentals

It’s a Seller’s Market for Now

05 Oct 2023

It’s a Seller’s Market for Now

In the current high interest rate and entrenched inflation environment the opposite of the “good news is bad news” adage also rings true.

Daily Oil Fundamentals

Oil Inventories ‘Yield’ the News to Macro and Politics

04 Oct 2023

Oil Inventories ‘Yield’ the News to Macro and Politics

As with most Wednesday mornings, oil watchers flick quickly to the data provided overnight by the American Petroleum Institute as a precursor to what may be revealed later by government data.