Daily Oil Fundamentals

Souring Investor Sentiment

06 Aug 2025

Souring Investor Sentiment

These days, there is rarely a single reason behind a reversal in market sentiment. Over the past week, a combination of economic data, newly announced import duties, and spontaneous policy decisions, including attacks on independent institutions, have taken their toll on market confidence. Not even the stand-alone tech sector was immune to the anxiety permeating financial markets. The already imposed punitive measures are likely to be followed by others, such as excise duties on pharmaceutical companies and semiconductors, not to mention China.

Daily Oil Fundamentals

OPEC+ Test the Waters of Demand

05 Aug 2025

OPEC+ Test the Waters of Demand

After the onslaught of data and news last week, yesterday’s considerations seemed sedate by comparison. The trading day was not without heft though, particularly for our market. The return of the 547kbpd balance of OPEC’s 2.2mbpd oil production cuts was not unexpected, but it sat heavy in a market where the out-of-season strength in Distillate has diminished and where the Gasoline market is not turning out to be the summer bastion of support. In the EIA inventory report last week, four-week implied demand average registered at under 9mb.

Daily Oil Fundamentals

Confusing Month, Even by Current Standards

04 Aug 2025

Confusing Month, Even by Current Standards

The corporate sector likes and demands certainty, predictability, and transparency. Without these, companies are unable to make sound investment decisions. In fact, they are legally required to be transparent themselves, and disseminating false or misleading information carries legal consequences.