Daily Oil Fundamentals

100 Days of Carnage Continues to 101

30 Apr 2025

100 Days of Carnage Continues to 101

After a bout of who goes first in the Sino/US tariff negotiations, if indeed they are a thing, the continued standoff is starting to cause as much unease as threats of multiple percentage levies drawn against each other. Equities have stuttered after a very decent recovery, but because of trade war fears, the overnight disappointing earnings from Super Micro Computers is harrying bearish notions that such a diminished performance will see its equal in Microsoft and Meta when they too release their first quarter results.

Daily Oil Fundamentals

Fears of De-coupling

29 Apr 2025

Fears of De-coupling

Stalling negotiations between China and the US on trade raises anxiety levels on economic and demand growth prospects once again. It is not even clear whether the two leaders have spoken to one another and the overnight comments from US Treasury Secretary, Scott Bennet added more fuel to the fire of uncertainty. He said in an interview with CNBC that it was ‘up to China to de-escalate’ but his advice is unlikely to be heeded by the leaders of the world’s second-biggest economy.

Daily Oil Fundamentals

Still the Tail on the Dog

28 Apr 2025

Still the Tail on the Dog

Oil prices endured another contained existence last week and while the high/low ranges were decent enough if one were interested in such short-termism, the overall finishes indicate a market that is in the main, apart from an expiring Brent front spread, unwilling to be too expressive be they in bullish or bearish leanings. The front month futures contracts of WTI finished -$1.66/barrel, Brent -$1.09/barrel, Heating Oil +1.50c/gallon, RBOB +2.01c/gallon and Gasoil -$4.00/tonne.