Daily Oil Fundamentals

Libya, Middle East and Inventory Allow Regaining of Composure

10 Jan 2024

Libya, Middle East and Inventory Allow Regaining of Composure

Oil prices continue to trade in an untrustworthy fashion but the drivers that are running the current mini-trend are positive enough to recoup three-quarters of the losses experienced on Monday.

Daily Oil Fundamentals

Saudi Move Triggers Temporary Sell-Off

09 Jan 2024

Saudi Move Triggers Temporary Sell-Off

Market equilibrium occurs at the point where the descending demand curve and the ascending supply curve intersect on a graph, the vertical axis of which is price and the horizontal one is quantity.

Daily Oil Fundamentals

Saudi OSP Reduction Adds to Negative Bias

08 Jan 2024

Saudi OSP Reduction Adds to Negative Bias

Markets step into the week with a quiet but uneasy feeling after what seemed a free-wheeling ride in the first few days of 2024.