Daily Oil Fundamentals

A News Rich Environment

11 Dec 2024

A News Rich Environment

It looks as if the Biden administration is trying to run interference with the idea that on gaining the keys to the White House, Donald Trump will put pressure on Ukraine to settle the war with Russia. According to a piece on Bloomberg, and repeated elsewhere, a new phalanx of sanctions is being considered on oil exports from Russia with a joint effort including the European Union that targets both the shadow fleet servicing the lucrative trade and eventual customers.

Daily Oil Fundamentals

Risk is Back for Now

10 Dec 2024

Risk is Back for Now

The weekly Commitment of Traders reports from the CFTC and ICE tell us how hungry financial investors were for risk in the recent past. It is not exactly forward looking but the day’s price action is usually a good indicator if this risk is palatable.

Daily Oil Fundamentals

A Change in Syria, But More of the Same from China and Saudi

09 Dec 2024

A Change in Syria, But More of the Same from China and Saudi

The amazing scenes in Syria catch most of the eye this morning, which we touch upon below, and oil prices have responded with the normal twitch higher, but in rather quiet fashion for all ponder on what a new look Syria does for the world order.