Daily Oil Fundamentals

Iran is the New Greenland

30 Jan 2026

Iran is the New Greenland

It is no longer panic buying; yesterday’s jump was not triggered by algorithms scanning for keywords and reacting to headlines by shedding length. Nor was it driven by the polar vortex in the US, which shut down oil and gas production and severely hampered refinery operations. After all, US output is already being restored, and the 2 mbpd of affected production has been reduced to 500,000 bpd. The Kazakh output issues are also easing since Tengiz is on the verge of restarting pumping.

Daily Oil Fundamentals

No Time for Winter Blues Thank You, We're Just Too Busy

29 Jan 2026

No Time for Winter Blues Thank You, We're Just Too Busy

Unsurprisingly, the US Federal Reserve held interest rates, and according to Jerome Powell was done so with broad support within the Federal Open Market Committee. With his eyes on Iran at present, as discussed below, there has been little reaction from the US President who is unlikely to shy away from further criticism of the Fed Chair and the conservatism by the FOMC in monetary policy.

Daily Oil Fundamentals

The Floundering Greenback Aids Bulls in All Asset Classes

28 Jan 2026

The Floundering Greenback Aids Bulls in All Asset Classes

If there was any doubt on what course the White House was plotting for the US Dollar, it came in a certain glib, throw-away comment from the US President yesterday. With the notion of de-dollarization rife in market chatter, when Donald Trump was asked whether he was concerned on the state of the US Dollar and its value he replied that it was “doing great.” Given the Conference Board’s Consumer Confidence Index fell to 84.5 in January, the lowest in over a decade, it was a perfect sail-filling zephyr for the flotilla of eager dollar bears to run rampage with. The US Dollar Index and the Dollar’s pairing with the Euro slumped to levels not seen since 2021.