Daily Oil Fundamentals

Who and What to Believe?

27 Mar 2026

Who and What to Believe?

Oil prices took an early breather this morning, although by the performance of Gasoil futures, it looks as if diesel did not get the memo and inspires the rest of the complex to once again rally and doubt the US framing of current negotiations. President Trump in all the magnanimousness he could muster, granted Iran a further ten days to agree to the terms set out in the US offer of a ceasefire, and civilian power supply targets would be left be during which Trump expected Hormuz to be opened

Daily Oil Fundamentals

Nothing Can Divert an Oil Gaze

26 Mar 2026

Nothing Can Divert an Oil Gaze

The wider suites remain reactionary to the oil price and any movement or risk will be nailed to the fortunes of our market for the foreseeable future. Even the landmark court case in Los Angeles where Google and Meta have been found negligent in how their social media platforms are harmful to children is easily brushed over by the myopic gaze toward the oil price. At present the audiences of the world seem to believe the Iranian take on ceasefire negotiations being far away in accord.

Daily Oil Fundamentals

Moving Target

25 Mar 2026

Moving Target

This is a conflict that started more than three weeks ago, and was meant to destroy Iran’s nuclear capabilities, eliminate its missile threats, and pre-empt an imminent attack. Now it is a war aimed at preventing oil prices from rising further. If you have a sense of déjà vu, it is because you have read Winston Churchill’s witty paraprosdokians, one of which reads: “Shoot first and call whatever you hit the target.”