Daily Oil Fundamentals

Rates, Results and Requests

29 Oct 2026

Rates, Results and Requests

There were little surprises from the US Fed Chair, Kevin Warsh, at the post-decision press conference after the FOMC kept interest rates unchanged. Warsh danced around questions that might lead to any other interest rate hikes, instead pointing out that the very short-term will be laden with information for them to base any decisions, which all but enforces his previous stance where he saw a future Fed not compelled to advertise its forward planning.

Daily Oil Fundamentals

Tentative Peace Talks and Russian Diesel Shipments

28 Oct 2026

Tentative Peace Talks and Russian Diesel Shipments

The fact that negotiations between the Mecca Alliance and Iran have not broken down and are expected to continue was sufficient to persuade sellers to emerge and push oil prices lower for the second consecutive day. Heating Oil was particularly hard-hit, with three Russian cargoes carrying 140,000 tonnes of diesel (around 1 million bbl, or less than 35,000 bpd over a month) heading towards the US as part of the White House’s deal to exempt Russian refined products from sanctions.

Daily Oil Fundamentals

Change is Good, Only When it Comes

27 Oct 2026

Change is Good, Only When it Comes

There is a strange geopolitical coincidence giving pause for thought or thought to pause in the progress of oil prices today. Following on from Qatar’s overtures in Tehran over the weekend, Saudi Arabia, Türkiye and Pakistan continue to press for peace and the talks which started with Iranian representatives yesterday look set to be ongoing, although timelines are unclear.

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Daily Oil Fundamentals