Daily Oil Fundamentals

Ceasefires All Around

12 May 2025

Ceasefires All Around

To say that the return of risk appetite in the second half of last week was akin to a Lucullan feast would be a fervent statement, nonetheless, there was a discernible hunt for assets such as equities, the dollar and oil. The optimism was the result of actual and proposed trade negotiations between the US and its trading partners. President Trump can undeniably declare a victory over one of its steadfast allies, the UK, after a trade deal was announced on Thursday. The announcement came with the usual misleading narrative, saying that it was a comprehensive agreement.

Daily Oil Fundamentals

Markets In the Mood for a Deal

09 May 2025

Markets In the Mood for a Deal

An incredible testament to market and investor psyche has played out post the US/UK tariff deal. After months of a perceived trade war due to the tariff policies of Donald Trump’s White House, the first piece of ‘good’ news, as in a deal, seems to give visions of a vista where further global negotiations will be simple and a more harmonised trade environment and mutually pleasing outcome is achieved.

Daily Oil Fundamentals

US Oil Inventories are Stubbornly Low

08 May 2025

US Oil Inventories are Stubbornly Low

The three constantly moving parts that play the most salient roles in shaping sentiment are trade wars or macroeconomic considerations, if you will, which affect oil demand; the OPEC+ policy change, which foretells increasing supply, and geopolitics, which is as volatile and capricious as some global policymakers. Starting with macroeconomics and the perennial battle for global dominance, the market seems sceptical of the weekend’s US-China trade talks.