Daily Oil Fundamentals

A Pause For Thought

21 Jul 2026

A Pause For Thought

The price of Brent has paused around the $90/barrel area as the oil market once again comes up against another instance of mixed messaging from the US/Iran war. The US Central Command reported on continued attacks into Iran while the United Kingdom Maritime Organisation informed on another tanker being hit in the region. With Houthis in Yemen announcing a maritime embargo on Saudi Arabia, it appears that the current outbreak of hostilities is showing signs of spreading its theatre.

Daily Oil Fundamentals

The Memorandum of Understanding Half Time Show is Over

20 Jul 2026

The Memorandum of Understanding Half Time Show is Over

It takes some brass-knuckled temerity for the President of the United States to criticize the England football manager concerning Thomas Tuchel’s tactics in England’s World Cup defeat to Argentina in last week’s semi-final. What Donald Trump fails to realise is that all persons from doctors in the Democratic Republic of Congo, to road diggers in Japan realise that in the ‘beautiful game’ such results are not uncommon and, in the end, football hearts are broken but not a soul loses their life. These two same workers might then in return, with the world on their side, ask why the US President went to war in Iran and why his own warfare tactics are going so badly wrong; not only causing continued death, but reaping havoc in the global economic puzzle.

Daily Oil Fundamentals

Crude Oil Prices Refuse to Blink

17 Jul 2026

Crude Oil Prices Refuse to Blink

It must be said that there is a lack of urgency in oil circles at present. There have been some quite significant developments without which the experience of the last few months would have crude prices harrying triple digits. ‘Once bitten, twice shy’, as the old adage goes, and because oil supply has shown great resilience in finding its way to places that need it, and the ability for this conflict to be put back into a bottle at moment’s notice, what appears to be escalation, and the threat for more, is falling upon a stoic oil audience.

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Daily Oil Fundamentals