Daily Oil Fundamentals

Oil Avoids the Tariff Confusion

09 Jul 2025

Oil Avoids the Tariff Confusion

Mulling through the word soup that is dished up on a daily basis from the White House is a tiresome pursuit for investors, and stock markets, as strong as they may be, are starting to hunker down to await what will be a long month until such times as new tariffs are made clear come August 1st, if indeed the start of next month turns out to be a thing. The latest targets of the current ‘pick-and-mix’ bag of trade delights are copper and pharmaceuticals.

Daily Oil Fundamentals

Kudos to OPEC

08 Jul 2025

Kudos to OPEC

Predictable unpredictability is the motto of 2025, and yet, notwithstanding the unforeseen and the capricious, one thing seems certain, at least for now. That is, that OPEC production does not feature high on investors’ list of concerns. Or, you might say, the producer group has been reading the market sentiment admirably well. They started to increase output at the accelerated pace of 411,00 bpd the month after Brent fell below $60/bbl because of the US tariff charade on April 2.

Daily Oil Fundamentals

OPEC, Iran, World Economics, Eventually Lead to Washington

07 Jul 2025

OPEC, Iran, World Economics, Eventually Lead to Washington

Just when we thought OPEC+ return of oil cuts had become predictable, indeed, the market felt as if it was pricing in a repeated 411kbpd in August, the affiliated group upped the ante on Saturday, informing that their collective production would in fact increase by 548kbpd. The countries that involved themselves in the voluntary cuts of April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman will now gradually reverse these self-imposed restrictions