Daily Oil Fundamentals

All Roads Lead to Washington, D.C.

02 Feb 2026

All Roads Lead to Washington, D.C.

The new year started where 2025 left off. The US and its administration remain the principal driving force of world politics and the global economy. Politicians and investors are desperate to second-guess the next move of the Trump government, and more often than not, they are caught off guard. What they nonetheless spotted during January was how the US focus shifted from economic matters to foreign policy.

Daily Oil Fundamentals

Iran is the New Greenland

30 Jan 2026

Iran is the New Greenland

It is no longer panic buying; yesterday’s jump was not triggered by algorithms scanning for keywords and reacting to headlines by shedding length. Nor was it driven by the polar vortex in the US, which shut down oil and gas production and severely hampered refinery operations. After all, US output is already being restored, and the 2 mbpd of affected production has been reduced to 500,000 bpd. The Kazakh output issues are also easing since Tengiz is on the verge of restarting pumping.

Daily Oil Fundamentals

No Time for Winter Blues Thank You, We're Just Too Busy

29 Jan 2026

No Time for Winter Blues Thank You, We're Just Too Busy

Unsurprisingly, the US Federal Reserve held interest rates, and according to Jerome Powell was done so with broad support within the Federal Open Market Committee. With his eyes on Iran at present, as discussed below, there has been little reaction from the US President who is unlikely to shy away from further criticism of the Fed Chair and the conservatism by the FOMC in monetary policy.