Fuel markets, not Brent, are broadcasting the conflict’s widening economic strain. Andrew Critchlow warned soaring diesel prices and vulnerable infrastructure reveal energy security risks. Ehsan Ul-Haq highlighted Europe’s diesel squeeze as Russian exports and Asian refinery runs decline. Haythem Rashed saw limited Libyan disruption but warned depleted Saudi buffers and Libya’s ballooning fuel-import bill expose fragility.
Sep 17
31 min
A tense, wide-ranging discussion weighed geopolitical supply risks against mounting macroeconomic pressure. Mike McGlone argued Fed tightening and an overextended stock market could trigger recession, demand destruction and lower commodities. Andrei Covatariu highlighted election politics, Russian refinery attacks and Europe’s winter vulnerability. Abhishek Kumar stressed refinery disruptions, costly rerouting and persistent regional Hormuz risk premiums.
Sep 16
31 min
Vandana Hari, Founder and CEO of Vanda Insights, led today’s discussion, framing oil markets as a supply and security crisis. David Wech said Middle Eastern exports remain 10 million b/d below pre-war levels as prices surge. Raad Al-Kadiri argued Hormuz requires comprehensive US-Iran guarantees; Colby Connelly warned Gulf states are diversifying beyond Washington amid regional war.
Sep 15
31 min
Guest Host Frank Kane steered discussion on tightening Gulf supply and oil’s next move. Omar Najia forecast prices above $145, citing liquidity, geopolitics and underinvestment. Omar Al-Ubaydli said earnest GCC-Iran dialogue is essential to resolving regional tensions. Maleeha Bengali warned disrupted export routes and tight products remain bullish, though oil could retreat before climbing again.
Sep 14
35 min
Oil markets face geopolitical and product-supply pressure as Brent holds above $105. Ron Bousso warned record cracks could trigger winter demand destruction. Giacomo Prandelli said refinery outages and soaring diesel costs threaten inflation, with diplomacy offering relief. Anoop Singh estimated Hormuz flows at six-to-seven million barrels daily and expects Asian winter shortages amid prolonged conflict.
Sep 11
33 min
Energy markets face mounting pressure as oil, gas and product disruptions converge. Anne-Sophie Corbeau warned low European storage and scarce Gulf LNG could drive prices higher. Osama Rizvi highlighted Pakistan’s cargo shortfall, blackouts and refinery push. Noam Raydan said Iran retains influence over Hormuz, while shuttle trades sustain fragile Iraqi exports despite escalating tanker risks.
Sep 10
38 min
Oil nearing $100 is intensifying pressure across major consuming economies. Vibhuti Garg highlighted India’s costly crude diversification but resilient growth and accelerating electrification. Marc Ostwald warned Europe faces acute refined-product, gas-storage and inflation pressures with limited fiscal buffers. Jamal Qureshi said depleted inventories leave oil increasingly exposed to geopolitical escalation, with prices capable of moving significantly higher.
Sep 9
32 min
Today’s discussion highlighted how geopolitical escalation is increasingly feeding into energy, inflation and security risks. Peter McGuire sees bullish oil momentum and stronger precious metals ahead; Robin Mills flags refined-product shortages and China’s returning crude imports; while Mehmet Öğütçü warns diesel scarcity could shock the global economy as Gulf states rethink security alliances.
Sep 8
30 min
A lively, bullish start to the week, with geopolitics and shipping risks dominating. Omar Najia sees crude heading significantly higher as products lead prices upward. Michelle Wiese Bockmann highlighted record tanker rates and mounting Hormuz insurance risks. Brian Pieri warned shrinking U.S. SPR capacity leaves consumers increasingly exposed to higher fuel prices.
Sep 7
30 min
Today’s discussion highlighted a market increasingly shaped by war-driven distortions. Giovanni Staunovo sees China’s returning crude demand as key to oil’s next move; Clyde Russell warns refining constraints and product shortages now matter more than Brent; while Danial Rahmat highlighted Iran’s mounting economic pressure and competing government-military approaches to ending the conflict.
Sep 4
36 min
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