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.

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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

Factors on the fundamentals front are collectively price-supportive for crude. The resumption of oil production shuttered by Hurricane Ida in the US Gulf of Mexico is far slower than expected and protestors have been disrupting export crude loadings in Libya. Meanwhile, US demand remains on a strong recovery path, Chinese appetite is back on track after the August setback of virus outbreaks and restrictions, and consumption across the globe in general is on an upward trek with the worst of the Delta wave behind us.But the mood in the broader financial markets, which has become highly sensitive to macro-economic data and prone to regular bouts of fear over the anticipation of central banks paring down monetary stimulus, remains fickle and was largely downcast through last week. It was uncertainty and fear rather than a state of equilibrium that has kept Brent rangebound around $72 and WTI around $69 over the past fortnight.Our base case is for Brent to average around $70/barrel through the rest of this year, yielding a whole-year average of around $68, or about 58% higher than 2020.

Factors on the fundamentals front are collectively price-supportive for crude. The resumption of oil production shuttered by Hurricane Ida in the US Gulf of Mexico is far slower than expected and protestors have been disrupting export crude loadings in Libya. Meanwhile, US demand remains on a strong recovery path, Chinese appetite is back on track after the August setback of virus outbreaks and restrictions, and consumption across the globe in general is on an upward trek with the worst of the Delta wave behind us.But the mood in the broader financial markets, which has become highly sensitive to macro-economic data and prone to regular bouts of fear over the anticipation of central banks paring down monetary stimulus, remains fickle and was largely downcast through last week. It was uncertainty and fear rather than a state of equilibrium that has kept Brent rangebound around $72 and WTI around $69 over the past fortnight.Our base case is for Brent to average around $70/barrel through the rest of this year, yielding a whole-year average of around $68, or about 58% higher than 2020. 

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

Crude Oil

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