Daily Oil Fundamentals

No End in Sight

10 Mar 2026

No End in Sight

Well, it did not take long, did it? The price of retail gasoline and diesel at the pumps over the course of the weekend saw successive increases in a cynical grasp at opportunity. It is price gouging at its ugliest, because the fuels that are ready to be pumped into the tanks of ordinary folk would have exited a refinery quite some time ago, depending on where one lives. Retailers are preparing customers for a price shock was an opinion on social media; how very altruistic of them.

Daily Oil Fundamentals

Gulf Oil Output, Refining and Transport at Standstill, Oil is Above $100

09 Mar 2026

Gulf Oil Output, Refining and Transport at Standstill, Oil is Above $100

What a week it was, and what a week it will be. Researchers and analysts have been vague in predicting the next steps or outcomes of the Iranian conflict, which erupted a little over a week ago. The situation changes so rapidly that by the time the ‘send’ button is pressed, the content will already have become obsolete. Financial investors and oil traders do not have such qualms; they cannot afford the luxury of being slow to act. They voted, and will continue to vote, with their dollars. Last week’s performance conspicuously displayed the elevated level of anxiety about real and potential supply shortages.

Daily Oil Fundamentals

Pragmatism, not Panic

06 Mar 2026

Pragmatism, not Panic

Every war is idiosyncratic; it has its own characteristics. Motivations, impacts, and outcomes can and do differ. It may be a futile exercise to compare the current Iranian conflict with Russia’s invasion of Ukraine; nonetheless, attempting to highlight what is common and what is different in these geopolitical events could help assess how high oil prices might rise.