Daily Oil Fundamentals

No Escaping Oil Prices

08 Oct 2026

No Escaping Oil Prices

The bond market remains ruptured as even the gods of Wall Street are held ransom to the permalink between the fortunes of oil and the state of future interest rates. As oil prices traverse a piste of moguls that one day show diplomatic breakthrough, the next threats of further military action and/or concentration sometimes centring on feedstock being increasingly available from the Middle East only to flip back to the paucity of global refined fuel inventory, they cement the inverse correlation between oil and bonds.

Daily Oil Fundamentals

An Almost Compelling Argument

07 Oct 2026

An Almost Compelling Argument

Numbers do not lie. Well, usually they don’t. If you add two to two, you get four. If the price of a medication costing $100 is cut by 600%, the patient will get paid $500 for the prescription. If 5.8 million bbls of crude oil have been pumped through the East-West pipeline, as estimated by Aramco’s CEO, or 12 mbpd of crude oil and 2 mbpd of products are transiting the Middle East, according to the boss of Vitol, the oil balance changes materially.

Daily Oil Fundamentals

A Crude Pause for Thought

06 Oct 2026

A Crude Pause for Thought

The price of the global crude benchmark, Brent, is once again toiling around $100/barrel as its reasons for trading much beyond the psychological 3-digit mark are being eroded. It is so very hard to complete a picture on how many oil tankers are making passage through Hormuz for the data is retrospective rather than live.

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Daily Oil Fundamentals