Daily Oil Fundamentals

Relief Sighs Through the Wider Markets

03 Feb 2026

Relief Sighs Through the Wider Markets

No doubt the proof will be very different to the pudding (or is that padding?) when the finer details of a deal struck between Washington and New Delhi was announced overnight. At present, markets have need to react in headline which comes mainly via ‘Truth Social’ on how the US will cut the punitive tariff on India from 50 percent to 18 percent in exchange for India’s replacing oil imports from the those of Russia with US and its controlled Venezuelan ones.

Daily Oil Fundamentals

All Roads Lead to Washington, D.C.

02 Feb 2026

All Roads Lead to Washington, D.C.

The new year started where 2025 left off. The US and its administration remain the principal driving force of world politics and the global economy. Politicians and investors are desperate to second-guess the next move of the Trump government, and more often than not, they are caught off guard. What they nonetheless spotted during January was how the US focus shifted from economic matters to foreign policy.

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.