Daily Oil Fundamentals

It’s More than Perceived, It’s Actual

26 Mar 2024

It’s More than Perceived, It’s Actual

Russia’s invasion of Ukraine triggered a sharp but brief rally in oil prices. The terror attack on Israel, the retaliation in Gaza and the resultant atrocities on commercial ships in the Red Sea also failed to cause considerable anxiety amongst market players.

Daily Oil Fundamentals

Rate and Supply Cuts

25 Mar 2024

Rate and Supply Cuts

Front-month WTI ended last week 5 cents/bbl higher and its European peer gained 9 cents/bbl. These seemingly lukewarm performances imply equilibrium in our market where supply and demand are in harmony, whether it is perceived or actual.

Daily Oil Fundamentals

Dancing to the Tune of the Dollar

22 Mar 2024

Dancing to the Tune of the Dollar

The latest fashionable soundbite in financial circles is ‘immaculate disinflation’. Loosely defined, it means mitigated consumer prices without rising unemployment, which broadly equals impending rate cuts.