Daily Oil Fundamentals

Consolidation, Although Anxiety Persists

04 Sep 2026

Consolidation, Although Anxiety Persists

Tension still surrounds the Middle East; the threats of further supply disruption are very much elevated, but oil prices came off the day’s peaks as conflicting reports on the volume of oil passing through the Strait sowed the seeds of confusion. Shipping data, as reported by Reuters, showed six vessels transiting the waterway on Wednesday and four yesterday, contrasting with the US vice president’s estimate of 15 million barrels leaving the region two days ago. Meanwhile, Iraqi crude oil exports in August are set to rise by 1 mbpd.

Daily Oil Fundamentals

Will Trump 'Yield' to Market Prices?

03 Sep 2026

Will Trump 'Yield' to Market Prices?

The world has become used to being deceived by its major leaders. The words of Donald Trump informing that the new spate of attacks on Iranian targets might be repeated “anytime we want,” but the current campaign “won’t last too long,” might just lead to a reprieve in the price of Brent’s mad dash toward $100/barrel.

Daily Oil Fundamentals

Escalation and Inflation

02 Sep 2026

Escalation and Inflation

No one knows what the endgame will look like, probably not even the man himself, but he is doing no favours for himself, his party, US voters, or the global economy. Oil prices continued their upward journey. The economic warfare against Iran is now coupled with renewed US military attacks on Iranian targets and vice versa after two tankers came under fire on Monday. Details of the latest round of confrontations are sadly irrelevant; oil prices tell the story. Fears of intensifying supply disruptions are rising, particularly in the middle of the barrel, as the CME Heating Oil contract jumped by more than $11/bbl equivalent and its premium to WTI shot back above $100/bbl.

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Daily Oil Fundamentals