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Daily Oil Fundamentals

Crying Tariffs

14 Jul 2025

Crying Tariffs

He is desperately trying to impose his will on other nations, publicly, on social media, and very loudly. Since he rarely keeps his pledges, his credibility is suffering. The market’s judgement was on full display last week in the equity markets. It took just a single week in April to extend the "Liberation Day" tariff deadline by 90 days. Once the latest cut-off point arrived on Wednesday, another extension was announced, this time until August 1.

Daily Oil Fundamentals

Tariffs Aside, Might Rich Stock Markets Sponsor Oil?

11 Jul 2025

Tariffs Aside, Might Rich Stock Markets Sponsor Oil?

Even after six months of tolerating the modern phenomena of ‘Trump tariff trending’, it is a shame markets cannot develop a pattern of consistency matching the constant that is the President’s edicts. Notwithstanding the intestinal fortitude of those interested in US bourses to add to portfolios, markets continue to run an almost hourly endurance of ‘what next’ from the White House and whether it will be the one that sends all the buyers packing.

Daily Oil Fundamentals

Risk Premium, Driving Season & Tariff Inertia

10 Jul 2025

Risk Premium, Driving Season & Tariff Inertia

The current state of the oil market resembles Samuel Beckett’s cult play Waiting for Godot. In the tragicomedy, the main character never arrives. In the oil market, the consensus, namely a supply surplus, is still expected to befall us in the coming months, albeit later than anticipated two months ago.

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