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How oil majors’ trading desks came out ahead of the Hormuz shock
The windfall went to traders who already had the ships, storage, and balance sheet to act on what they saw…
TODAY: Gulf airlines rethink older jets + Egypt opens more warehouses to investors
What we’re tracking this morning regionally and around the world
TODAY: Hormuz pushes UAE boxes to Khorfakkan + Tokyo to fund Doha’s Dreamliners
What we’re tracking this morning regionally and around the world
Iraq is close to trucking its first crude through Syria, three months later than planned
Iraq is preparing to truck crude through Syria to bypass Hormuz, while longer-term pipeline plans take shape
SAL’s contract with Saudi Post now runs three years
SAL will oversee shipments from receipt through loading, storage, and transfers between warehouses, postal facilities, and aircraft
Gulf crude is flowing again, but diesel isn’t, and the West’s fuel stockpiles are nearly spent heading into winter
Washington is now buying Russian diesel to plug the gap
TODAY: Houthi strikes shut Riyadh's main airport and reach Dammam's
What we’re tracking this morning regionally and around the world
QatarEnergy is lining up new LNG capacity and a dozen empty carriers as Hormuz traffic picks up
Hormuz LNG traffic is at its highest since the war began, but still about 75% below February levels
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