Daily Oil Fundamentals

A Calmer Day Maybe, But It Will Not Last

08 Apr 2025

A Calmer Day Maybe, But It Will Not Last

There is something of ship steadying in the roiling seas of market activity this morning. The fact market participants are looking for any port in the storm came yesterday with a rumour in which the White House was considering a ninety-day pause in tariffs. Markets were quick to rally, but eventually quelled, being cast as “fake news” and the President insisting “we are not looking at that”.

Daily Oil Fundamentals

Back to the Past

07 Apr 2025

Back to the Past

After a tumultuous week, which effectively brought the curtain down on global trade it is impossible not to draw parallels between the defiant US worldview and Brexit. Both nations believe that to a smaller or larger extent cooperation with other nations is more harmful than beneficial (and there is a growing number of countries subscribing to this point of view).

Daily Oil Fundamentals

Tariffs Cannot Be Ignored, Neither Can OPEC+

04 Apr 2025

Tariffs Cannot Be Ignored, Neither Can OPEC+

Whether or not it was OPEC+ intention to hide its revised output hike behind the melee caused by President Trump’s sweep of tariffs across the board of trade, be they for salient partners or not so, is conjecture, but it has not worked. The timing is frankly amazing, although there has been an inevitability to this action because trying to hold the oil price for the benefit of non-DoC members, losing market share and being undermined by the cheating actions of the same renegades needs a response.