Daily Oil Fundamentals
Too Little, Too Late? Possibly.
14 Oct 2026Too Little, Too Late? Possibly.
If you let your imagination run riot, you could envision a tense crisis meeting at 1600 Pennsylvania Avenue yesterday as the prices of distillates and diesel started to run amok again. The oil fraternity has seemingly concluded that the US exemption allowing Russia to resume diesel exports will make little difference in the immediate future, while what happens beyond November 3 appears irrelevant for now.