Daily Oil Fundamentals

100 Days

08 Jun 2026

100 Days

After another week of great suspense and even greater expectation, the sum of what we learned from those that have the ability to end this battle of the pugnacious have delivered a great big, solid, fat zero. In the major M1 futures contracts the biggest mover over last week was Gasoil and its 5 percent rise but given that an approaching summer ought herald some tightness in Gasoline, RBOB surprisingly fell by 2.5 percent, and the arguably main marker of all oil futures contracts, namely Brent, ground out a paltry 1 percent rise.

Daily Oil Fundamentals

Is a War Deal Really Closer?

05 Jun 2026

Is a War Deal Really Closer?

We approach another weekend not knowing which way is up with regard to a viable peace process in the Iranian war. For all the fanfare of a deal (of sorts) between Israel and Lebanon, an integral requirement for Iran, the then rejection of it by Hezbollah can only mean that any chance of agreement between the United States and Iran must be some way off.

Daily Oil Fundamentals

Grumblings on Capitol Hill, But Not Much Has Changed

04 Jun 2026

Grumblings on Capitol Hill, But Not Much Has Changed

Despite the US President insisting that he need not get congressional approval because of the current ceasefire. It appears as if the House of Representatives has conjured up some courage from somewhere and passed a motion to curb executive war powers and means that Donald Trump will now have to seek permission if he is to continue with the Iranian war.