Insights
Quick reads on markets and policy
Written for practitioners and informed investors—free to read, dated and sourced. You’ll find short market and macro notes that explain moves and policy shifts without the noise; evergreen principles that clarify risk, ranges and behaviour; and concise explainers on the themes we’re asked about most. When doing nothing is the right call, we say so.
Half the Oil, the Same Contract Dates
Crude has risen 37% since the strikes on Iran, and the reassurance offered most often is five decades of falling oil intensity. The decline is real, and it measures barrels rather than borrowing terms.