Daily Oil Fundamentals

Substantial Talks or Just Kicking the Can?

01 Jun 2026

Substantial Talks or Just Kicking the Can?

The main characteristics of the markets in May were the gradual but steady erosion in the value of a barrel of oil and the insatiable appetite for equities, particularly the juggernauts of the technology sector. A significant fall in volatility suggests a tentative absence of anxiety, although, by historical standards, trading conditions remained vicious. In our market, trading volume, while decent, was lower than in March or April, which is another sign of receding panic.

Daily Oil Fundamentals

Possible Ceasefire Extension

29 May 2026

Possible Ceasefire Extension

Markets are warming up to the prospect of some form of peace agreement being reached in the not-so-distant future. These hopes were boosted yesterday as the US and Iran are reportedly on the verge of keeping the hatchet buried for another 60 days, subject to approvals by Donald Trump and the Iranian leaders.

Daily Oil Fundamentals

The War Drones On

28 May 2026

The War Drones On

Well, that did not take long, did it? The language of negotiation now includes the added lexicon of limited military strikes representing the unacceptability to the terms of whatever current thread holds up the rocky road to peace. The trading of airstrikes, the second time this week, has the US military shooting down Iranian drones and hitting a drone-control station after Iran had allegedly fired attack UAVs at US and commercial shipping, voices from Washington said.