Daily Oil Fundamentals

Will They, Won’t They?

30 Sep 2026

Will They, Won’t They?

No deal between the US and Iran is imminent; therefore, reciprocal attacks could resume at any time, sending oil prices back to where they came from: $110/bbl basis Brent. While tensions could flare up again, the Persian Gulf and the Red Sea are currently relatively calm. Riding the wave of this dubious tranquillity are the vessels transporting oil out of the region, and the market is duly reacting to these welcome developments.

Daily Oil Fundamentals

Exports Improve, not Sentiment

29 Sep 2026

Exports Improve, not Sentiment

In the spirit of oil always finds a way, it appears through various news agencies that more oil is navigating to market from the geographical Middle East region than at any time since the start of the war. We look at the remarkable shipping workarounds below, but ‘Kpler’, according to ‘Reuters’ estimate exports are now at 80 percent of pre-war levels.

Daily Oil Fundamentals

Misplaced Mid-week Optimism

28 Sep 2026

Misplaced Mid-week Optimism

Heads were spinning, and eyes were rolling last week. It was a cumbersome task to follow, minute by minute, the events that shaped the thinking and views of the investment fraternity. Markets were volatile and, at times, even violent. Now that the dust has settled on the developments of a turbulent week, the key takeaways, admittedly and almost obviously arbitrary, are as follows: investors sent a strong message to all involved: end the conflicts; they do no good to anybody.

Insights

Daily Oil Fundamentals