Daily Oil Fundamentals

Volatility in Government, Volatility in Price

07 May 2025

Volatility in Government, Volatility in Price

It is laughable when large cities of the world boast on having integrated transport systems as their citizens perspire to work in the gunnels of subway services, enjoy a train where the heads up display tells of one destination and the driver another, and roads are so narrowed for cyclists and buses that catching a taxi across a metropolis results in a dip into one’s savings.

Daily Oil Fundamentals

Supply Under Scrutiny

06 May 2025

Supply Under Scrutiny

After the calamitous US tariff announcement on April 2, all hell broke loose in financial markets. The MSCI All-Country Equity Index dropped 14% in less than a week. US stock indices matched the global performance. Frighteningly, the dollar was sold off and so were US bonds, deemed the safest of investment destinations. The US 10-year bond yield rallied to 4.6% whilst an unprecedented stampede into gold pushed its price briefly above $3,500/ounce.

Daily Oil Fundamentals

What News from Camelot?

02 May 2025

What News from Camelot?

It is rather ironic how this week saw President Trump’s first 100 days in office coinciding with the 50-year anniversary of the satirical film ‘Monty Python and the Holy Grail’. One is a spoof on the Arthurian legend where a nonsensical Camelot populated by bungling Knights of the Round Table who sally forth with a mix of ineffectual or damaging edicts, ridiculous choices in battle and contempt for its peasants, and the other, please choose which, is the American government.