Daily Oil Fundamentals

Eerily Familiar

03 Mar 2026

Eerily Familiar

There have now been three game-changing wars within the last four years. The instruction for individuals in Gulf states to ‘shelter at home’, and with no commercial flights carving their vapour trails across the skies of the European, African and Asian juncture, there is also an echo of the Covid years. The worry and dismay humankind feels at such threat is robotically equalled in the sentiment of investment markets, and it matters not how much moola is slopping around in institutions, funds and those made rich from the extraordinary run in stock markets, war brings a whiff of nihilism.

Daily Oil Fundamentals

Reshaping the Middle East

02 Mar 2026

Reshaping the Middle East

The best way to describe the month of February from the perspective of market performance is to resort to irritating clichés. Uncertainty prevailed, chiefly because of the mercurial US President. The number of ‘known unknowns’ remained elevated, the most salient of which were geopolitics and tariffs. The sum of the parts is far from equal to the whole, another way of saying that current oil price levels do not align with the forecast global supply, demand balance. Translating all of the above into the language of monthly returns, global equities edged higher.

Daily Oil Fundamentals

Whom to Believe?

27 Feb 2026

Whom to Believe?

It is a well-known and widely accepted mantra that the best traders, by and large, thrive in a volatile trading environment. However, as it turns out, there are several types of volatility, and yesterday’s violent price movement was nothing short of unmanageable. It is beyond comprehension how anyone, perhaps apart from flies on the walls of conference rooms in Geneva hotels, could have successfully ridden the wave of uncertainty precipitated by the Iran–US nuclear talks.