Founder & CEO. Oil markets macro-analysis., Vanda Insights

Vandana Hari

Founder of Vanda Insights, a Singapore-based provider of analysis and briefings on the oil markets. Former Asia Editorial Director at S&P Global Platts, the topmost price reporting agency on global energy commodities markets. 25 years of experience reporting, researching and analysing energy markets. Focus on connecting the dots between supply-demand fundamentals, geopolitics, economics, financial markets and demographics to present the big-picture view on oil, with a focus on factors influencing prices. Experienced in oil price discovery in the physical and derivatives markets. Aim to provide insights and analysis in a clear and succinct manner. Available for bespoke research, analysis and market briefings on the markets.

Founder & CEO. Oil markets macro-analysis.

Weekly Oil Views: Uncertainty, Not Equilibrium, Keeps Crude Rangebound

Weekly Oil Views: Crude Hits 7-Week Highs but Q4 Optimism Misplaced

Bulls & Bears: Near- And Short-Term View on Oil Prices

Weekly Oil Views: Crude Bids Farewell to Summer Bump, Prices in the Delta Dent

Weekly Oil Views: In a Cauldron of Delta Wave, Fed Tapering

Vanda Insights Bulls & Bears: Near- And Short-Term View on Oil Prices

Vanda Insights

Vanda Insights is a Singapore-based boutique provider of intelligence on the global energy markets, launched in September 2016. The venture was born out of a desire to extract the signal from the noise in the complex and often volatile oil markets. Our succinct and clear macro analysis is relied upon by thousands of readers globally, including those doing business directly or indirectly in the physical commodity and derivatives markets; wealth managers; governments, regulatory bodies and think-tanks; as well as trade organizations and educational institutions.

Global Energy Markets

Commodities

OPEC+ last week agreed to stay the course on its cautious tapering plan of 400,000 b/d monthly supply boost for October, as expected. It was wise to not suspend the easing as the Delta wave is in the rear-view mirror and the world can do without higher oil prices feeding the inflation monster. Yes, there is still the risk of more nasty variants bringing new waves – the WHO is keeping a close eye on the “Mu” strain of the coronavirus, first identified in Colombia and currently found in 39 countries. But make no mistake – OPEC+ has left a wide margin between its planned production and its projected rise in global demand in the coming months, which, interestingly, it has not downgraded despite the Delta wave. OPEC+ adopting the hawkish approach and sustaining its cohesion are supportive for oil price sentiment. So is the fact that the Delta wave did not knock US oil demand recovery off its trajectory and China is gradually recovering its oil appetite with the Delta outbreaks in the country squashed and restrictions being eased. However, the pain points in the global economy are becoming obvious. Major among them is the services sector not picking up momentum even as the manufacturing sector is losing it and consumer confidence is starting to wobble.The observations confirm our mildly bullish outlook for the near-term and neutral for the next three months, as laid out in our August issue of Bulls &amp; Bears.

OPEC+ last week agreed to stay the course on its cautious tapering plan of 400,000 b/d monthly supply boost for October, as expected. It was wise to not suspend the easing as the Delta wave is in the rear-view mirror and the world can do without higher oil prices feeding the inflation monster. Yes, there is still the risk of more nasty variants bringing new waves – the WHO is keeping a close eye on the “Mu” strain of the coronavirus, first identified in Colombia and currently found in 39 countries. But make no mistake – OPEC+ has left a wide margin between its planned production and its projected rise in global demand in the coming months, which, interestingly, it has not downgraded despite the Delta wave. OPEC+ adopting the hawkish approach and sustaining its cohesion are supportive for oil price sentiment. So is the fact that the Delta wave did not knock US oil demand recovery off its trajectory and China is gradually recovering its oil appetite with the Delta outbreaks in the country squashed and restrictions being eased. However, the pain points in the global economy are becoming obvious. Major among them is the services sector not picking up momentum even as the manufacturing sector is losing it and consumer confidence is starting to wobble.The observations confirm our mildly bullish outlook for the near-term and neutral for the next three months, as laid out in our August issue of Bulls &amp; Bears.

Weekly Oil Views: Crude Confronts Economic Headwinds in Wake of Delta

Crude Oil

Weekly Oil Views: Crude Confronts Economic Headwinds in Wake of Delta