Daily Oil Fundamentals

Sanctions, Tariffs, Shipping and Ceasefire, the Markets Have it All.

14 Jan 2025

Sanctions, Tariffs, Shipping and Ceasefire, the Markets Have it All.

It does feel something of an oddity after last year as oil becomes the flavour for investors and stock markets lose their sheen. Weather aside, which is touched upon below, sanctions continue to fund the move higher in oil prices while similar thoughts of tariffs dog the progress of global bourses. However, it is foolhardy to embark on an entrenched view that this will continue.

Daily Oil Fundamentals

Do Svidaniya

13 Jan 2025

Do Svidaniya

The oil market is like London buses: you wait ages for one then several come along quickly. Oil was gathering strength to break out of its 4Q 2024 range in the latter part of December and the move finally arrived as January kicked off. Better yet, due to a wealth of supportive developments, it stayed above the inflection points.

Daily Oil Fundamentals

The Freeze, the Dollar and Sanctions

10 Jan 2025

The Freeze, the Dollar and Sanctions

All one needs to do when assessing the current state of the oil market is to look at assorted spreads. The structures of international crude oil benchmarks are strengthening and the backwardation in Heating Oil is also solid. They imply genuine physical tightness, and derivative traders are not afraid to react, notwithstanding the rather comfortable medium-term oil balance.