Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

What Next In The Middle East?
What Next In The Middle East?
Tom Holland, Yanmei Xie
20 Sep 2024
Legions of observers are forecasting a runaway escalation of the Middle Eastern conflict into a general regional war pitting Israel directly against Iran after Israel detonated explosives in thousands of pagers acquired by Hezbollah. However, Tom and Yanmei explain that while such an extreme escalation is possible, there are good reasons to expect the fighting—and any fallout—to remain contained in the near term.
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Confirmation Bias In Action
22 Aug 2024
During Wednesday’s trading, the price of the front-month WTI crude oil future fell -3% to its lowest since early January. Although the price ticked up a few cents before the end of US hours, it remained below US$72/bbl, down from more than US$80/bbl just over a week earlier. The perversity comes because it was far easier to identify reasons why this fall did not happen than convincing reasons why it did.
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Video: Aramco, Oil And Saudi's Economic Transition
7 Jun 2024
Saudi Arabia’s US$11bn follow-on offering for oil giant Aramco follows a spate of Saudi sovereign issues this year in domestic and international debt markets. Nevertheless, talk that Riyadh is facing a mounting fiscal squeeze as it attempts to fund a list of expensive mega-projects as part of an unrealistic economic transition program are exaggerated.
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