Daily Oil Fundamentals

Gulf Oil Output, Refining and Transport at Standstill, Oil is Above $100

09 Mar 2026

Gulf Oil Output, Refining and Transport at Standstill, Oil is Above $100

What a week it was, and what a week it will be. Researchers and analysts have been vague in predicting the next steps or outcomes of the Iranian conflict, which erupted a little over a week ago. The situation changes so rapidly that by the time the ‘send’ button is pressed, the content will already have become obsolete. Financial investors and oil traders do not have such qualms; they cannot afford the luxury of being slow to act. They voted, and will continue to vote, with their dollars. Last week’s performance conspicuously displayed the elevated level of anxiety about real and potential supply shortages.

Daily Oil Fundamentals

Pragmatism, not Panic

06 Mar 2026

Pragmatism, not Panic

Every war is idiosyncratic; it has its own characteristics. Motivations, impacts, and outcomes can and do differ. It may be a futile exercise to compare the current Iranian conflict with Russia’s invasion of Ukraine; nonetheless, attempting to highlight what is common and what is different in these geopolitical events could help assess how high oil prices might rise.

Daily Oil Fundamentals

A Mixture of Stress and Relief

05 Mar 2026

A Mixture of Stress and Relief

The whipsawing and day-trading attitude our market is experiencing has inevitably led to similar behaviour across all other investment arenas. The importance of the current war in and around Arabian skies is touched upon below, but to see bourse indices moving in degrees of multiple percentage points and sometimes double-figured ones, is almost as unsettling as the conflict itself. Still, Asian markets today open a little more brightly as some of the woes on the horizon are somewhat soothed.