Daily Oil Fundamentals

It is Not Fundamentals and it is Not Technicals Driving Oil Prices

06 Mar 2024

It is Not Fundamentals and it is Not Technicals Driving Oil Prices

It is hard to step into the controversial argument of the function of what used to be known as ‘black box’ trading. Sold to markets as bringers of liquidity, the role of algorithmic,

Daily Oil Fundamentals

Lukewarm Reaction

05 Mar 2024

Lukewarm Reaction

Despite the firm and unequivocal show of unity and solidarity, the weekend’s decision from the OPEC+ producer group to extend the current production levels throughout the first half of 2024 failed to inspire buyers and...

Daily Oil Fundamentals

Oil on a Steadier Footing, But All is not Yet Clear

04 Mar 2024

Oil on a Steadier Footing, But All is not Yet Clear

There had to be something of reckoning at some stage, either the crude contracts would have to give up some of their backwardations, or flat price would have to pull its socks up and join in.